New Delhi, Feb. 9 -- Investors showed muted interest in the initial public offering (IPO) of Aye Finance, which opened for bidding on February 9. By the end of Day 1, the issue received bids for 54.75 lakh shares against a total offer size of 4.25 crore shares, translating into an overall subscription of 0.13 times.

Among investor categories, the retail portion was subscribed 0.28 times, while the Qualified Institutional Buyers (QIB) quota was booked 0.14 times. The non-institutional investor (NII) segment saw the weakest response, with subscriptions of just 0.01 times.

Aye Finance aims to raise Rs.1,010 crore during the bidding period from February 9 to February 11. The IPO comprises a fresh issue of 5.50 crore shares aggregating to Rs...