Aye Finance IPO, Feb. 10 -- The initial public offering (IPO) of NBFC Aye Finance has drawn cautious attention from the market, with grey market trends and early subscription data pointing to a muted debut.

The Alphabet-backed NBFC opened its IPO for public subscription on February 9 and the issue will close on February 11. The company has fixed the price band at Rs.122 to Rs.129 per share.

The grey market premium for the Aye Finance IPO remained flat, signalling limited listing enthusiasm. As of February 10, Aye Finance IPO shares were trading at a GMP of Rs.0, indicating a likely listing price of around Rs.129, in line with the upper end of the issue price.

The IPO witnessed slow demand and was subscribed just 0.14 times by 11:00 am ...