Aye Finance IPO subscribed 15% so far on Day 2: 10 key things retail investors should know

Aye Finance IPO: Non-banking financial company (NBFC) Aye Finance's initial public offering has been subscribed 15% so far on the second day of bidding on Tuesday, February 10. The issue received bids for 68,61,516 shares against 4,55,32,785 shares on offer, according to NSE data until 2:10 pm.

The portion for retail investors was subscribed 42%, while the part for qualified institutional buyers received 13% subscription. The quota for non-institutional investors was subscribed 1%.

Aye Finance IPO: 10 key things retail investors should know from RHP

• Aye Finance IPO subscription period: The initial public offering is open from Monday, February 9, to Wednesday, February 11.
• IPO offer structure: The ₹1,010 crore book-build issue is a mix of fresh issuance of shares aggregating to ₹710 crore and an offer for sale (OFS) component of ₹300 crore.
• Aye Finance IPO price band: The price range has been fixed at ₹122 to ₹129 per share.
• Aye Finance IPO anchor investors: Prior to the IPO, the company raised ₹454.5 crore from anchor investors, including Nippon India Mutual Fund, Bay Pond Partners, Ashoka India Equity Investment Trust, Abakkus Four2Eight Opportunities Fund, Goldman Sachs Funds, HDFC Life Insurance Company and Integrated Core Strategies (Asia).
• Aye Finance IPO lot size: An application consists of 116 shares and in multiples thereafter.
• Reservation: The company has reserved 75% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail individual investors (RIIs).
• Objectives: Under the OFS, Vikram Jetley, CapitalG LP, LGT Capital Invest Mauritius PCC with Cell E/VP, MAJ Invest Financial Inclusion Fund II K/S and Alpha Wave India I LP are offloading their stake. The fresh issue proceeds will be used to strengthen its capital base, supporting future capital needs arising from the expansion of its business and asset base.
• Book-running lead manager and registrar: IIFL Capital, JM Financial, Axis Capital and Nuvama Wealth are the book-running lead managers to the issue, while KFin Technologies is the registrar.
• Aye Finance IPO allotment date: The basis of allotment is expected to be finalised on February 12.
• Listing date: The listing on the NSE and the BSE will occur on February 16.