Indian non-banking lender Aye Finance drops on trade debut

Aye Finance

16/02/2026 05:53

** Aye Finance AYEF.NS drops 4.5% to 123.50 rupees

** Non-banking lender's stock debuted at 129 rupees - same as IPO issue price, valuing stock at 31.84 bln rupees ($351 mln)

** Proceeds will be used to bolster capital base, fund future business expansion

** IPO subscribed 0.64 times, with bids picking up only on final day, per exchange data

** "Aye Finance made a flat market debut, listing exactly in line with its IPO price, indicating neutral investor sentiment and lack of strong listing gains," says Shivani Nyati, Head of Wealth at Swastika Investmart

($1 = 90.6900 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

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