Aye Finance IPO Day 2: GMP Zero, Subscription Muted; Should You Apply?

• Aye Finance IPO's second day of bidding saw a subdued 0.16x subscription, with retail at 0.47x, NII at 0.02x, and QIB at 0.13x.
• The Grey Market Premium (GMP) for Aye Finance IPO remains at zero, indicating a flat or negative listing expected on February 16.
• The Rs 1,010-crore IPO has a price band of Rs 122-129 per share and closes on February 11.
• Aye Finance raised Rs 454.5 crore from anchor investors, including domestic mutual funds and foreign portfolio investors.
• The NBFC focuses on lending to micro and small enterprises (MSEs), with AUM of Rs 6,027.6 crore and 5.9 lakh active customers across 18 states.