CosmicTaco

Alphabet-backed Aye Finance appoints bankers for Rs 2,000-crore IPO

CosmicTaco · 2024-08-21T11:22:30.507179+05:30

- SME-focused non-banking finance company Aye Finance has roped in four arrangers for its upcoming initial public offering. - The company aims to raise Rs 1,700–2,000 crore of capital through the issuance and is targeting going public in the next 9–12 months. - Axis Capital, JM Financial, Nuvama, and IIFL Securities have been mandated to handle the IPO as merchant bankers. - A formal filing for the IPO is expected in the next 1–2 months, according to sources. - In December last year, Aye Finance raised Rs 310 crore as part of a Series-F round from British International Investment and other existing investors, appreciating its valuation by 30 percent. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/mc-exclusive-alphabet-backed-aye-finance-appoints-bankers-for-rs-2000-crore-ipo-12802447.html)

SME-focused non-banking finance company Aye Finance has roped in four arrangers for its upcoming initial public offering.
The company aims to raise Rs 1,700–2,000 crore of capital through the issuance and is targeting going public in the next 9–12 months.
Axis Capital, JM Financial, Nuvama, and IIFL Securities have been mandated to handle the IPO as merchant bankers.
A formal filing for the IPO is expected in the next 1–2 months, according to sources.
In December last year, Aye Finance raised Rs 310 crore as part of a Series-F round from British International Investment and other existing investors, appreciating its valuation by 30 percent.

Source: Moneycontrol

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