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AYE IPO

Aye Finance Limited
IPO Doc
Start Date09-02-2026
Application Timing10am-5pm
Price Range₹122 - ₹129
Min Qty116
Min. Investment₹14152
Listing Date16-02-2026
Close Date11-02-2026

About Aye Finance Limited

Aye Finance Limited, incorporated in 1993, is a non-banking financial company (NBFC) focused on providing secured and unsecured loans to micro-scale MSMEs across India. The company primarily caters to small entrepreneurs in manufacturing, trading, services, and allied agriculture sectors.Aye Finance Limited offers a wide range of products including mortgage loans, Saral Property Loans, and secured and unsecured hypothecation loans for working capital and business expansion. As of September 30, 2025, the company serves over 586,800 active customers across 18 states and 3 union territories, supported by a strong on-ground presence and technology-driven underwriting systems.

Why To Invest in Aye Finance Limited

Aye Finance Limited operates in the fast-growing and under-penetrated MSME lending segment, where demand for small-ticket business loans remains consistently strong. The company benefits from a diversified loan portfolio that includes both secured and unsecured products, helping reduce concentration risk. Its wide pan-India presence across multiple states and union territories supports strong customer sourcing and retention. Aye Finance has also shown steady growth in scale, with total assets rising to Rs. 7,116.01 crore as of September 30, 2025. Additionally, the company is led by an experienced and professional management team and is supported by reputed institutional investors, which adds credibility and long-term growth visibility.

Financial Table
Period Ended30 Sep 202531 Mar 202530 Sep 202431 Mar 2024
Assets7,116.016,338.635,819.054,869.59
Total Income863.021,504.99717.051,071.75
Profit After Tax64.60175.25107.80171.68
NET Worth1,727.371,658.871,593.171,232.65
Reserves and Surplus1,689.581,621.081,555.391,192.72
Total Borrowing5,218.504,526.334,083.103,498.99
Strengths And Risks
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Strong Position in MSME Lending: Aye Finance Limited is a leading lender focused on micro-scale MSMEs, operating in a large and under-served market. Its deep understanding of small-ticket lending gives it a competitive edge in customer acquisition and portfolio quality.
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Robust Underwriting and Collection Framework: The company follows a well-structured underwriting process supported by data-driven assessment and a multi-tiered collection mechanism. This helps in managing credit risk effectively and maintaining asset quality.
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Access to Diversified and Cost-Effective Funding: Aye Finance has strong relationships with banks and financial institutions, enabling access to diversified funding sources at competitive costs. This supports sustainable growth and balance sheet stability.
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Technology-Driven Operations: The company leverages technology across sourcing, underwriting, and collections, improving operational efficiency, scalability, and turnaround time while building long-term resilience.
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Exposure to MSME Sector Cyclicality: The business is largely dependent on MSMEs, which are vulnerable to economic slowdowns. Any adverse macroeconomic conditions may impact borrower repayment capacity.
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Higher Leverage Levels: Aye Finance operates with relatively high borrowings, reflected in a Debt/Equity ratio above 3. This may increase financial risk, especially during periods of tight liquidity.
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Moderation in Return Ratios: Recent financials indicate moderation in ROE and RoNW, which could affect investor perception if profitability does not improve in the medium term.
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Intense Industry Competition: The NBFC and fintech lending space is highly competitive, with pressure on margins and customer retention due to the presence of both traditional lenders and digital-first players.
FAQs
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