Aye Finance Launches Rs 1,010 Crore IPO with Price Band of Rs 122-129

Aye Finance, a middle-layer non-banking financial company focused on lending to micro and small enterprises, will open its Rs 1,010 crore IPO for subscription on February 9, closing on February 11. The issue includes a fresh equity share sale worth Rs 710 crore and an offer for sale of Rs 300 crore. The price band is set at Rs 122-129 per share, with listing scheduled on BSE and NSE on February 16. Proceeds will support business growth and capital base expansion across 18 states and three union territories.