Aye Finance raised ₹455.3 crore through a wide range of anchor investors. This capital injection came right before the debut of its first public offering, which will take place between February 9 and February 11, 2026. The company reported to the stock exchanges that its IPO committee, in consultation with the book-running lead managers, had decided on the distribution of 3,52,98,400 equity shares to 43 anchor investors at the top price band of ₹129 per share. This high anchor investor involvement is a massive boost of confidence to the micro-lending company, which is going to be listed on the mainboard exchanges.
IPO structure and prominent investor brands
The anchor book had active involvement of a diverse range of respected institutional investors, such as domestic mutual funds, insurance companies, and international investment organizations. The popular domestic brands were HDFC mutual fund, ICICI Prudential mutual fund, SBI Life Insurance, and Kotak Mahindra Life Insurance.
The round attracted the interest of some popular institutions such as Goldman Sachs, Nomura, Morgan Stanley and Abu Dhabi Investment Authority in the world arena. The 3.52 crore shares to be distributed were divided into 1,32,04,500 units of equity shares across 26 schemes to 11 domestic mutual funds. This comprises approximately 37.4% of the total number of shares assigned to the anchor investors.
The issue size of Aye Finance IPO would be ₹1,010 crore. It includes fresh issues of shares worth ₹710 crore, and an offer-sale (OFS) of shares worth ₹300 crore by the existing shareholders. The IPO has been priced at ₹122 and ₹129 per share of equity. The company will use the net proceeds of the fresh issue to first and foremost increase its Tier-I capital base to be able to meet future capital needs. This capital will facilitate further growth of the assets and business expansion of the company as it moves on to further serve in giving credit to underserved micro-scale businesses in India.
Operational and financial performance
Aye Finance was founded in 2014 by Sanjay Sharma and Vikram Jetley. Aye Finance has become one of the leading lenders of micro-scale MSMEs, who are often unable to obtain banking services. It has a distinctive underwriting approach known as the cluster-based approach to determine the creditworthiness of its customers in semi-urban and rural regions. Aye Finance, as of September 30, 2025, has a geographic presence of 18 states and 3 union territories and has more than 5.86 lakh active unique customers. The company has been expanding steadily in the financial front its assets under management (AUM) of ₹6027.6 crores approximately. The firm has shown a total revenue of ₹1,460 crores and ₹171.3 crores net profit of the financial year ending in March 2025.
Conclusion
The fact that the mobilization of the anchor investors made ₹455.3 crore underlines the ability of the market to receive the business model of Aye Finance positively, and its contribution to the financial inclusion market in India. Through securing the institutional support of the best quality in advance of its public subscription, the company has established considerable momentum around its ₹1,010 crore IPO.
With the subscription window being opened to the general population, the limelight will still be on the reaction of the retail and non-institutional investors to the offering, which will be used to enhance the capital base of Aye Finance and propel it to the next level of growth in the MSME lending market.
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