Aye Finance Share Price Live

Aye Finance Limited was incorporated on August 12, 1993, as a Private Limited Company under the name Doda Finance Private Limited', at Jalandhar, Punjab by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Pursuant to the Share Purchase Agreement dated January 10, 2014 entered into by and between Suresh Chander, Kamlesh Jagota, Meenu Bala, Bheem Sen, Naresh Basi, Tripta, Shiv Kumar, Raman Kumar, Hari Kisan Lal, Sunita Dayi, Sanjay Sharma, Vikram Jetley and the Company, the shareholding of Doda Finance Private Limited was transferred to Sanjay Sharma and Vikram Jetley and the Company name was changed to Aye Finance Private Limited' dated March 28, 2014. Upon the conversion of Company to a Public Limited, the name of the Company was changed to 'Aye Finance Limited'. A fresh Certificate of Incorporation dated December 10, 2024 was issued by the RoC. Aye Finance is a non-banking financial company focused on providing loans to micro scale MSMEs across India for their working capital and business expansion needs. It offer small-ticket business loans with an average ticket size on disbursement of Rs 0.15 million to customers across manufacturing, trading, service and allied agriculture sectors. The product offerings comprise mortgage loans, Saral' Property Loans, secured hypothecation loans and unsecured hypothecation loans. The experience in providing business loans against security of property or security of working assets, as well as providing unsecured loans or partly secured loans, has allowed Company to remain flexible and responsive to business needs of micro scale MSMEs. It is able to service such micro scale MSMEs through a phygital' presence that leverages on-the-ground presence with technology and data science. In 2015, Company opened its first branch in Rajasthan and Punjab and Haryana, respectively and expanded the network to 16 branches, in 2016, Company opened first branch in Tamil Nadu and Karnataka, respectively; commenced digital journey through an automated loan origination and decision process and in 2024, has expanded to 499 branches. The Company is planning an Initial Public Offer by raising funds aggregating to Rs 1450 Crore Equity Shares of face value of Rs 2 each comprising a Fresh Issue of 885 Crore Equity Shares and Rs 565 Crore Equity Shares through Offer for Sale.