Aye Finance IPO Allotment Finalised But Listing Expectation Remains Muted

Investors who applied for the Aye Finance IPO are now waiting to see whether their applications translated into share allotments, after the basis of allotment was finalised on February 12, 2026. This initial public offering saw mixed demand, and while the grey market premium has risen marginally, sentiment around a strong listing remains cautious according to market observers.

The Aye Finance offer was priced between ₹122 and ₹129 per share and was designed to raise around ₹1,010 crore through a combination of fresh issue and offer for sale. With bookings reported at 97 per cent overall, institutional investors showed solid interest, while retail appetite was comparatively less crowded, leaving a slightly uncertain picture of demand in the subscription phase.

What happens next for applicants is straightforward. Allotment status is now available to check online and will be reflected in investor demat accounts in the coming days. Shares of successful allottees should be credited to their accounts as refunds for unsuccessful bids are processed, and the stock is expected to list on both the National Stock Exchange and the Bombay Stock Exchange on February 16, 2026.

For those wanting to check status, there are several online options available. The registrar’s website via KFin Technologies lets you enter your application details to see if you have been allocated shares. Alternative methods include using the official allotment pages of the NSE or BSE, where you can input your PAN number, application number, or demat account information to confirm your results.

A point of interest for many investors has been the grey market premium or GMP, an informal indicator of expected gain ahead of listing. In the case of Aye Finance, this number has inched up slightly above the IPO price, but not dramatically, suggesting that while there is some excitement, market confidence in a big listing pop is still mild.

Aye Finance operates primarily as a non banking financial company focusing on smaller business lending across multiple states and union territories, aiming to support growth in underserved sectors. Company leadership has indicated that proceeds from the IPO will help strengthen the company’s capital base and expand lending operations.

Investors and analysts say the muted market response may reflect broader caution in the IPO space right now, where subscription levels vary widely and not all public offerings generate the kind of buzz seen in past blockbuster listings. As allotments are confirmed and the listing date approaches, market watchers will be tracking early trading activity closely to see how the stock performs on debut.