India, Feb. 9 -- Update | February 09, 17:33 IST

Aye Finance's IPO saw some traction toward the end of the first day of bidding, with overall subscription improving to 0.12X, driven largely by late participation from institutional investors.

The QIB category received bids for 31.88 Lakh shares against 2.48 Cr shares reserved, translating to 13% subscription. Within QIBs, foreign institutional investors (FIIs) bid for 9.3 Lakh shares, while other QIBs placed bids for 22.58 Lakh shares. Domestic financial institutions and mutual funds didn't place any bids on the first day.

Retail investors continued to lead demand, with their subscription rising to 26%. They placed bids for 21.51 Lakh shares.

Meanwhile, interest from NIIs remained mute...