Aye Finance IPO Nears Full Subscription on Final Day, Reaches 97%

• Aye Finance's Rs 1,010-crore IPO received 97% subscription on the final day of bidding.
• The IPO garnered bids for 4,42,21,288 shares against 4,55,32,785 shares offered.
• Qualified institutional buyers (QIBs) subscribed 1.5 times, while retail individual investors (RIIs) reached 77%.
• The company aims to strengthen its capital base with the fresh issue proceeds to support business expansion.
• Aye Finance, an NBFC, focuses on lending to underserved micro and small enterprises (MSEs) across 18 states and 3 UTs.