IPO-bound SME lender Aye Finance posts Rs 1500 crore in revenue in FY25
04 Aug 2025, 03:51 PMThe profit during the financial year, ended March 31, 2025, stood at Rs 171 crore, compared to Rs 161 crore in FY24.
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Gurugram-based SME lender Aye Finance Limited has posted Rs 1,501 crore in total income during FY25, against Rs 1,066 crore reported in the previous fiscal.
The IPO-bound firm saw a marginal increase in its net profit. The profit during the financial year, ended March 31, 2025, stood at Rs 171 crore, compared to Rs 161 crore in FY24.
The non-banking financial company provides loans to micro and small enterprises in semi-urban areas with an annual turnover of Rs 10 lakh-Rs 1 crore. It offers secured loans against property and working assets, as well as unsecured business loans.
As on March 31, 2025, the company had operations in 21 states through 527 branches, managing a portfolio of Rs 5,525 crore, according to credit rating agency ICRA Ltd. The portfolio, as of FY24 end, was at Rs 4,473 crore.
In the first half of FY25 (H1FY25), the company disclosed a revenue of Rs 692 crore with a profit of Rs 144 crore. Its AUM was at Rs 4,980 crore as of September 30, 2024.
In December, the Elevation Capital-backed Aye Finance filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO).
The company aims to raise a total of Rs 1450 crore through its IPO -- which includes a fresh issue of equity shares worth Rs 885 crore and an offer for sale (OFS) amounting to Rs 565 crore.
Among those participating in the OFS are investors such as LGT Capital (Rs 150 crore), CapitalG LP (136.8 crore), A91 Emerging Fund (Rs 100 crore), Alpha Wave Ventures (Rs 100 crore) and MAJ Invest (Rs 56 crore). Individual shareholders such as Harleen Kaur Jetley and Vikram Jetley will sell Rs 14.5 and Rs 7.6 crore worth of shares respectively.
Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.
As per the DRHP, Elevation Capital owns 16.19% stake in Aye Finance, followed by LGT Capital (14.13%) and Alpha Wave (11.21%), CapitalG (10.26%), BII (9.51%), and A91 (9.23%).
Axis Capital, IIFL Capital Services, JM Financial and Nuvama Wealth Management are the book-running lead managers for the issue.
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