Update | February 16, 17:50 IST Shares of Aye Finance rose following their listing to touch an intraday high at ₹132.75 on the BSE today. The stock gave up some of the gains to end the first trading session at ₹128.90, down 0.08% from the issue and listing price of ₹129. The company’s market capitalisation stood at ₹3,181.05 Cr (about $350.9 Mn) at the end of the session. On the NSE, the stock ended at ₹128.80, down 0.16% from the issue price of ₹129. Original | February 16, 10:16 IST MSME-focused NBFC Aye Finance’s shares made their debut on the bourses today, listing flat at the issue price of ₹129 on the BSE and the NSE. At 10:09 IST, the stock was trading 4.07% below the issue price at ₹123.75 on the BSE. The company’s market capitalisation stood at ₹3,054 Cr (about $336.7 Mn). The IPO valued the NBFC at about ₹3,183 Cr (about $351.4 Mn) at the upper end of the price band of ₹122 to ₹129. The company’s IPO, which comprised a fresh issue of ₹710 Cr and an offer-for-sale (OFS) component of ₹300 Cr, was subscribed 97%. The issue received bids for 4.42 Cr shares against 4.55… Read MoreInc42 Media
