Aye Finance Limited has raised approximately ₹1,010 crore ($111.42 million) from an initial public offering of equity comprising a fresh issue worth ₹710 crore and an offer for sale of ₹300 crore by existing shareholders.
Shardul Amarchand Mangaldas & Co advised Aye Finance on this IPO.
The transaction team was led by Prashant Gupta (Partner and National Practice Head - Capital Markets), Sayantan Dutta (Partner) and Trishita Dasgupta (Partner), with support from Ritika Khare (Senior Associate), Associates Aishwariya Chaturvedi, Deeksha Dhingra and Mihira Jaggi.
Aye Finance, a leading MSME-focused non-banking financial company, serves micro and small enterprises across manufacturing, trading, services, and allied agriculture sectors, with a presence across 18 states and 3 union territories.
The offering supports the company’s growth strategy and strengthens its capital base for expanding credit access to underserved micro enterprises.
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