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Listed
Non Banking Financial Company (NBFC)
Aye Finance Limited IPO
₹1010 Cr · Fresh Issue & OFS · Non Banking Financial Company (NBFC)
Price Band
₹122 – ₹129
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹1010 Cr
Fresh Issue & OFS
Market Cap
₹3183.52 Cr
At upper band
P/E Ratio
18.2x
Listing Date
16 Feb 2026
BSE & NSE
IPO Timeline
✓
Opens
09 Feb 2026
✓
Closes
11 Feb 2026
✓
Allotment
12 Feb 2026
✓
Refund
13 Feb 2026
✓
Listing
16 Feb 2026
IPO India Hub Recommendation: Subscribe
We recommend subscribing as the company shows solid profit growth and a moderate valuation. However, regulatory shifts remain a key risk for investors.
Our Analysis — Key Points
✓ Strength
Consistent loan book growth momentum over
The company has built a sizable loan portfolio, expanding its assets at a steady pace. Its focus on retail and micro‑finance segments has helped generate consistent revenue streams.
✓ Strength
Diversified product mix supports earnings stability
It offers a range of credit products, from small personal loans to SME financing, which spreads risk across customer types. This diversification reduces dependence on any single market segment.
⚠ Risk
Regulatory changes could tighten credit availability
The NBFC sector is closely watched by the regulator, and any tightening of credit rules could constrain the company's ability to grow its loan book. Such changes may also increase compliance costs and affect profitability.
$ Valuation
Valuation appears reasonable relative to peers
At the top of the price band the company would be valued at about ₹3,184 crore, giving a price‑to‑earnings multiple of roughly 18.2 times. This multiple is in line with many mid‑size NBFCs, suggesting the price is neither overly cheap nor expensive.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Aye Finance Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Net Profit
₹175.25 Cr
Industry
Non Banking Financial Company (NBFC)
Issue Type
Fresh Issue & OFS
Promoters
-
Lead Managers
Axis Capital, IIFL Capital, JM Financial and Nuvama Wealth Management
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