India, Feb. 11 -- Update | 19:10 IST

Aye Finance's public issue was undersubscribed on the third and final day of bidding at 97%, receiving bids for 4.42 Cr shares against 4.55 Cr shares on offer.

The issue received the highest interest from qualified institutional buyers, who oversubscribed their quota by 1.5X. QIBs bid for 3.72 Cr shares against 2.48 Cr reserved for them.

Retail investors undersubscribed their quota, bidding for 63.56 Lakh shares against 82.78 Lakh reserved for them. This translated to a 77% subscription.

The least interest for the issue came from non-institutional investors (NIIs), who subscribed to a mere 5% of their quote. NIIs bid for 6.23 Lakh shares of the issue out of 1.24 Cr reserved for them.

Although the ...