Aye Finance IPO 97% Subscribed on Final Day, Raises ₹1,010 Crore

• Aye Finance's ₹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 on offer.
• Qualified institutional buyers (QIBs) subscribed 1.5 times, retail investors 77%, and non-institutional investors 5%.
• 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 micro and small enterprises (MSEs) and will list on BSE and NSE on February 16.