Only 6 of 17 new-age IPOs above listing price; investors cash out Rs 16,500 crore
New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
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New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
The proposed debt fundraising comes only a few months after Aye Finance’s initial public offering (IPO).
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
The listing of Aye Finance will go ahead because the public issue has met the minimum subscription limit of 90%.
Out of the total allocation of 3.52 crore equity shares to the anchor investors, 76.74 lakh equity shares were allocated to two domestic mutual funds through a total of 4 schemes.
MSME lender Aye Finance's initial public offering (IPO) is set to open for bidding next week, February 9-11.
Private market valuations, unsecured loan books and tighter regulation are forcing India's fintech lending companies to rethink their IPO plans…
The NBFC is currently in the process of going public, having received SEBI's approval for its DRHP in April 2025.
Aye Finance's total income jumped almost 19% to Rs 416.13 crore in the June quarter this year from Rs 350.64 crore in the same period last year.
The profit during the financial year, ended March 31, 2025, stood at Rs 171 crore, compared to Rs 161 crore in FY24.
Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.
Aye Finance has received its board approval to launch Rs 1450 crore ($174 million) initial public offering (IPO).