Aye Finance IPO Opens: Price, GMP, Financials, Recommendations - Should You Apply?

• Aye Finance IPO opened on February 9, aiming to raise Rs 1,010 crore with a price band of Rs 122-129 per share.
• On day one, the IPO received a muted 0.05x subscription, with retail at 0.25x and NII at 0.01x.
• Grey Market Premium (GMP) is zero, indicating a flat or negative listing expected on February 16.
• The IPO includes a fresh issue of Rs 710 crore and an Offer for Sale (OFS) of Rs 300 crore.
• Aye Finance, an NBFC, focuses on lending to micro and small enterprises (MSEs) across 18 states and 3 UTs.