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15 Days Price Change

AYE Finance IPO

Closing In

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WEBSITE Inc. Year: 1993 Industry: Finance - NBFC Listed Page

Profile
Issue Size 587.37 Cr
Profile
Price Range 122  to  129 per share
Profile
Min Investment ₹129
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are a non-banking financial company – middle layer (“NBFC-ML”) focused on providing loans to micro scalemicro, small and medium enterprises (“MSMEs”) across India. We offer a range of business loans for workingcapital and business expansion needs, against hypothecation of working assets or against security of property tocustomers across manufacturing, trading, service and allied agriculture sectors. We are among the leading nonbankingfinancial companies (“NBFCs”) providing business loans to the largely underserved micro scaleenterprises in India, with 508,224 active unique customers across 18 states and three union territories and withassets under management (“AUM”) of ? 49,797.64 million, as of September 30, 2024. (Source: CRISIL Report)We offer small-ticket business loans with an average ticket size (“ATS”) on disbursement of ? 0.15 million tomicro enterprises. Our expertise in underwriting business cash flows of a variety of business clusters has enabledus to maintain stable credit costs and allowed us to profitably scale up our operations. We are the mostgeographically diversified lender amongst the Peer MSME Focused NBFCs*. (Source: CRISIL Report) Read More

Basic Info

Face Value 2 per share

Price 122  to  129 per share

P/E (x) 13.9

Sales( Cr.) 1460

PAT( Cr.) 171

EPS 9.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

No promoters available

Pre Issue Share Holding --%

Post Issue Share Holding --%

Listing Details:

Listing Price: 129

Listing Gain: 0%

Current Price: 145

Gain On Issue: 145 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 09, 2026
Closing Date Feb 11, 2026
Allotment Feb 12, 2026
Refund Feb 13, 2026
Delivery of Shares Feb 13, 2026
Listing Date Feb 16, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 116 14,964
Retail (Max) 13 1508 194,532
S-HNI (Min) 14 1624 209,496
S-HNI (Max) 66 7656 987,624
B-HNI (Min) 67 7772 1,002,588

Objective of the Issue

The main objects clause and objects which are necessary for furtherance of the main objects as set out in our Memorandum of Association enables us to undertake our existing business activities and undertake the activities proposed to be funded from the Net Proceeds.

Issue

Category Nos Bid Bid (x)
QIB 24836065 37241220 1.5x
NII 12418032 623616 0.1x
Retail 8278688 6356452 0.8x
EMP 0 0 0x
Total 45532785 44221288 1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

AYE Finance Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1 5 24 80 210 412 495 432 623 1040 1460
Other Income 0 1 2 2 8 1 4 12 20 32 45
Total Income 1 6 26 82 218 413 499 443 643 1072 1505
Total Expenditure 2 7 22 49 110 224 230 341 361 501 786
Operating Profit -2 -1 4 33 108 189 269 102 282 571 719
Interest 0 2 11 30 73 141 236 160 199 329 472
Depreciation 0 0 0 1 2 8 9 10 11 15 22
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -2 -3 -7 2 32 40 23 -67 71 228 225
Provision for Tax -1 1 0 0 7 8 6 -16 28 56 54
Profit After Tax -1 -4 -7 2 25 32 17 -51 44 172 171
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -4 -7 2 25 32 17 -51 44 172 171
Adjusted Earnings Per Share -0.4 -1.7 -3.4 1.1 11.7 15.2 7.9 -24 20.5 80.4 9.1

AYE Finance Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 25 87 89 495 517 747 705 758 1236 1658
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 16 35 326 576 1375 1314 1506 2253 3494 2317
Other Non-Current Liabilities -1 1 1 4 5 -10 14 -1 18 10 -27
Total Current Liabilities 1 22 40 96 195 125 20 58 71 89 2329
Total Liabilities 11 64 163 515 1272 2006 2095 2268 3100 4829 6277
Fixed Assets 0 0 1 2 4 18 27 27 27 32 41
Other Non-Current Assets 2 14 54 235 514 9 2 11 11 18 5046
Total Current Assets 9 49 108 277 754 1979 2066 2230 3062 4779 1190
Total Assets 11 64 163 515 1272 2006 2095 2268 3100 4829 6277

AYE Finance Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 6 20 11 11 140 172 179 153 273 527
Cash Flow from Operating Activities -6 -31 -110 -262 -472 -520 125 -272 -720 -1323 -812
Cash Flow from Investing Activities -0 -8 -5 -41 -26 42 -190 46 78 83 -39
Cash Flow from Financing Activities 12 54 106 304 627 510 72 200 762 1494 1255
Net Cash Inflow / Outflow 5 14 -9 0 129 32 7 -27 120 254 405
Closing Cash & Cash Equivalent 6 20 11 11 140 172 179 153 273 527 931

AYE Finance Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.42 -1.69 -3.37 1.08 11.75 15.18 7.91 -24.05 20.54 80.39 9.06
CEPS(Rs) -0.39 -1.62 -3.14 1.48 12.84 18.87 12.26 -19.38 25.9 87.2 10.24
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 3.06 6.7 35.18 36.2 220.97 229.38 333.99 312.68 334.61 551.84 86.12
Core EBITDA Margin(%) -314.33 -33.77 9.7 38.36 47.74 45.65 53.48 20.96 42.04 51.88 46.14
EBIT Margin(%) -312.1 -24.9 14.59 40.39 50.43 44.03 52.44 21.33 43.39 53.52 47.72
Pre Tax Margin(%) -316.54 -68.68 -29.37 2.89 15.42 9.7 4.7 -15.61 11.45 21.9 15.41
PAT Margin (%) -195.18 -81.06 -29.37 2.89 11.97 7.87 3.41 -11.89 7.03 16.5 11.73
Cash Profit Margin (%) -182.44 -77.53 -27.42 3.96 13.08 9.79 5.29 -9.58 8.87 17.9 13.25
ROA(%) -18.48 -10.96 -6.34 0.68 2.81 1.98 0.82 -2.35 1.63 4.33 3.08
ROE(%) -26.46 -34.64 -15.75 3.02 9.14 6.74 2.81 -7.44 6.35 18.14 12.21
ROCE(%) -28.82 -3.4 3.25 9.99 12.5 11.66 13.09 4.3 10.25 14.29 12.76
Receivable days 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.15 3.64 2.98 4.89 2.76 2.89 2.01 2.72 3.1 2.7 2.37
EV/Core EBITDA(x) -1.72 -17.02 17.99 11.78 5.36 6.28 3.71 11.5 6.85 4.92 4.81
Net Sales Growth(%) 0 874.65 385.91 225.76 162.85 96.43 20.29 -12.79 44.34 66.86 40.33
EBIT Growth(%) -157.93 22.23 384.62 802.07 228.12 71.52 43.26 -64.52 193.61 105.78 25.13
PAT Growth(%) -60.34 -304.78 -76.07 132.01 989.93 29.2 -47.89 -404.03 185.4 291.49 -0.24
EPS Growth(%) -187.19 -304.7 -99.18 131.99 990.35 29.22 -47.89 -403.96 185.4 291.49 -88.73
Debt/Equity(x) 0.16 1.83 0.81 4.49 1.43 2.71 1.78 2.19 3.1 2.88 2.78
Current Ratio(x) 7.45 2.19 2.68 2.9 3.86 15.89 101.62 38.45 42.89 53.68 0.51
Quick Ratio(x) 7.45 2.19 2.68 2.9 3.86 15.89 101.62 38.45 42.89 53.68 0.51
Interest Cover(x) -70.3 -0.57 0.33 1.08 1.44 1.28 1.1 0.58 1.36 1.69 1.48
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 50% 29% 107%
Operating Profit CAGR 26% 92% 31% 0%
PAT CAGR -1% 0% 40% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 12% 12% 6% -2%
ROCE Average 13% 12% 11% 5%

Company Contact Information

AYE Finance Ltd.

Vipul Sharma

+91 124 484 4000

secretarial@ayefin.com

M-5, Magnum House- I Mezzanine Floor, Community Centre Karampura, Opp. Milan Cinema, West Delhi

IPO Lead Manager(s)

AYE Finance Ltd.

Axis Capital Ltd.

IIFL Capital Services Ltd.

JM Financial Ltd.

Nuvama Wealth Management Ltd.

Registrar Info

AYE Finance Ltd.

KFIN Technologies Ltd.

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai, Mumbai, Maharashtra, India, 400070

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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