Aye Finance Ltd. IPO

We are a non-banking financial company-middle layer (“NBFC ML”) focused on providing loans to micro scale MSMEs across India for their working capital and business expansion needs. We have been granted a certificate of registration dated November 27, 2015 by the Reserve Bank of India ... for registration as a non-banking financial company without accepting public deposits under Section 45-IA of the Reserve Bank of India Act, 1943. We offer small-ticket business loans with an average ticket size on disbursement of ? 0.18 million to customers across manufacturing, trading, service and allied agriculture sectors. We are among the leading NBFCs providing business loans to the largely undeserved micro scale enterprises in India, with 586,825 active unique customers and with assets under management (“AUM”) of ? 60,276.22 million, as of September 30, 2025 (Source: CRISIL Report). As of September 30, 2025, we served our customers through a pan-India network of 568 branches. Our product offerings comprise mortgage loans, ‘Saral’ Property Loans, secured hypothecation loans and unsecured hypothecation loans. Our target customers are micro scale business with annual turnovers ranging from ? 2.00 million to ? 10.00 million, predominantly located in semi-urban areas. Read more

MSMEs in India face a substantial unmet credit estimated at ? 103.00 trillion as of Fiscal 2025. 98% of these MSMEs are micro enterprises, and as of Fiscal 2025, the total addressable credit demand is estimated at approximately ? 76 trillion, out of which current formal financing stands at ... approximately ?42 trillion taking the total addressable MSME credit gap to around ? 34 trillion. The share of NBFCs has increased from 9.2% in Fiscal 2019 to 16.6% in Fiscal 2025, and going forward, this share is expected to rise further as NBFCs have been intensifying their focus in this segment. (Source: CRISIL Report). The graph below represents the growth of the share of NBFCs in the MSME credit sector. Read more