IPO proceeds largely deployed; Rs 226.30 million remains idle
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Crisil Ratings reported that, as of September 30, 2026, Aye Finance had used Rs 6,722.42 million of net IPO proceeds to strengthen its capital base and Rs 151.28 million toward issue expenses. Of Rs 7,100 million in gross proceeds, Rs 6,873.70 million was used and Rs 226.30 million remained in an HDFC Bank public offer account. No funds were deployed during the quarter, and no deviation or delay was reported.
The idle balance means part of the planned capital boost is still pending. Funds already deployed support lending and leverage, with no deviation reported.