Alphabet-backed Aye Finance raises Rs 454 crore from anchor traders forward of IPO; Goldman Sachs key investor – Company Technique & Outlook

Alphabet-backed Aye Finance has raised Rs 454 crore from anchor traders forward of its IPO that opens for public subscription on February 9, offering a robust institutional endorsement to the NBFC targeted on lending to micro-scale MSMEs.

The corporate knowledgeable inventory exchanges that it allotted fairness shares to anchor traders at Rs 129 per share, the higher finish of its value band. The anchor e book noticed participation from a clutch of worldwide and home institutional traders, together with Goldman Sachs, Societe Generale, HDFC Life, BNP Paribas Monetary Markets, Bay Pond Companions and Ithan Creek Grasp Traders (Cayman), in response to the submitting.

The anchor allocation comes days forward of the Rs 1,010 crore IPO, which can open on February 9 and shut on February 11, with itemizing scheduled for February 16 on the BSE and NSE. The problem contains a contemporary concern of shares price Rs 710 crore and a suggestion on the market of Rs 300 crore by present traders, together with Alpha Wave India I LP, MAJ Make investments Monetary Inclusion Fund II, CapitalG LP, LGT Capital Make investments Mauritius and Vikram Jetley.

Aye Finance has fastened the worth band for the problem at Rs 122 to Rs 129 per share, with a face worth of Rs 2 per share. Traders can bid for at least 116 shares and in multiples thereafter. On the higher finish of the worth band, the retail software measurement works out to Rs 14,964.

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Based in 1993, Aye Finance is a non-banking monetary firm within the center layer class, targeted on offering secured and unsecured enterprise loans to micro-scale MSMEs. Its debtors are unfold throughout manufacturing, buying and selling, providers and allied agriculture sectors. As of September 30, 2025, the corporate had 586,825 lively prospects throughout 18 states and three union territories and property beneath administration of over Rs 6,027 crore, in response to a CRISIL report.

The lender specialises in small-ticket loans, with a median disbursement ticket measurement of round Rs 0.18 crore, and has constructed underwriting capabilities round assessing money flows of micro enterprises clustered throughout completely different geographies. This method has helped the corporate preserve secure credit score prices whereas scaling its mortgage e book, trade analysts mentioned.

On the monetary entrance, Aye Finance reported income from operations of Rs 843 crore for the six months ended September 30, in contrast with Rs 692 crore within the year-ago interval. For FY25, income stood at Rs 1,460 crore, whereas web revenue rose to Rs 175 crore, up sharply from Rs 40 crore in FY23.

Axis Capital, IIFL Capital Providers, JM Monetary and Nuvama Wealth Administration are the book-running lead managers to the problem, whereas KFin Applied sciences is the registrar. The provide is being made by way of the book-building route, with as much as 75% reserved for certified institutional consumers, and the remainder allotted to non-institutional and retail traders.

The sturdy anchor response is anticipated to lend momentum to the IPO because it opens amid lively main market circumstances and rising investor curiosity in worthwhile, scalable NBFC enterprise fashions.

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