Aye Finance Ltd IPOAYE

Initial public offering of up to 78294571 equity shares of face value of Re. 2 each (the "Equity Shares") of Aye Finance Limited ("Company" or "Issuer") for cash at a price of Rs. 129 per equity share (the "Offer Price") aggregating to Rs. 1010 crores (The "Offer") comprising a fresh issue of 55038759 equity shares aggregating up to Rs.710 crores (The "Fresh Issue") and an offer for sale of up to 23255812 equity shares aggregating to Rs. 300 crores (The "Offer for Sale"), comprising an offer for sale of up to 21880851 equity shares aggregating to Rs. 282.26 crores by corporate selling shareholders (As Defined Hereinafter) and up to 1374961 equity shares aggregating to Rs.17.74 crores by individual selling shareholders (As Defined Hereinafter) (Together, the "Selling Shareholders", and such equity shares, the "Offered Shares"). The offer would constitute 31.73% of the post-offer paid-up equity share capital. The company in consultation with the brlms, may consider a further issue of specified securities to certain investors for an amount aggregating up to Rs. 177 crores, as permitted under applicable laws on or prior to the date of filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant sections. Price Band: Rs. 129 per equity share of face value Rs. 2 /- each. The floor price is 64.5 times of the face value of the equity shares. Bids can be made for a minimum of 116 equity shares and in multiples of 116 equity shares thereafter.

Aye Finance Limited was incorporated on August 12, 1993, as a Private Limited Company under the name Doda Finance Private Limited', at Jalandhar, Punjab by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Pursuant to the Share Purchase Agreement dated January 10, 2014, the shareholding of Doda Finance Private Limited was transferred to the initial promoters, Sanjay Sharma and Vikram Jetley and the name of the Company was changed to Aye Finance Private Limited' dated March 28, 2014 and was further changed to 'Aye Finance Limited'. A fresh Certificate of Incorporation dated December 10, 2024 was issued by the RoC. Aye Finance is a non-banking financial company focused on providing loans to micro scale MSMEs across India for their working capital and business expansion needs. It offer small-ticket business loans with an average ticket size on disbursement of Rs 0.18 million to customers across manufacturing, trading, service and allied agriculture sectors. The product offerings comprise mortgage loans, Saral' Property Loans, secured hypothecation loans and unsecured hypothecation loans. The experience in providing business loans against security of property or security of working assets, as well as providing unsecured loans or partly secured loans, has allowed Company to remain flexible and responsive to business needs of micro scale MSMEs. It is able to service such micro scale MSMEs through a phygital' presence that leverages on-the-ground presence with technology and data science. In 2015, Company opened its first branch in New Delhi, India and expanded the network to 16 branches. In 2016, Company opened first branch in Tamil Nadu and Karnataka, respectively; and in 2024, expanded the network to 499 branches. Company launched the IPO aggregating the issuance of 78,294,571 equity shares of face value Rs 2 each, by raising Rs 1010 crore, which comprised a fresh issue of 55,038,759 equity shares amounting to Rs 710 crore and the offer for sale of 23,255,812 equity shares amounting to Rs 300 crore on February 11, 2026. The Company's AUM has crossed Rs 5,000 Crore in FY 2025. It served a network of 568 branches in FY 2025.