Aye Finance IPO, Feb. 11 -- The initial public offering (IPO) of Aye Finance, which opened for bidding on February 9, has so far received 16% subscription by the end of the second day of bidding. The mainboard IPO will close for bidding on Wednesday, February 11.

Founded in 1993, Aye Finance Limited offers both secured and unsecured working capital loans to micro-scale MSMEs operating in the manufacturing, trading, services, and allied agriculture segments. According to its RHP, its listed peers include SBFC Finance Ltd, which trades at a P/E of 27.32, and Five-Star Business Finance Ltd, with a P/E of 12.07.

In FY25, Aye Finance posted a net profit of Rs.175.3 crore, slightly up from Rs.171.7 crore in the preceding year, while its net i...