Aye Finance's IPO priced at ₹129, raised ₹1,010 crore, but shares closed 4.3% below offering price on first day.

Aye Finance's shares opened flat at ₹129 on February 16, 2026, matching the IPO price, after the company raised ₹1,010 crore through a fresh issue of ₹710 crore and an offer for sale of ₹300 crore. The IPO, which ran from February 9 to 11, saw 97% subscription, with strong interest from qualified institutional buyers but weak participation from retail and non-institutional investors. The stock traded between ₹120.60 and ₹132.75 on the BSE, ending the day at ₹123.45, a 4.3% discount. The company, a Delhi-based NBFC focused on MSMEs, reported a 21.8% year-on-year revenue increase in H1 FY26 but a 40% drop in net profit. Proceeds from the fresh issue will support capital needs and lending expansion.