New Delhi (Economy India): Non-banking financial company Aye Finance has mobilised ₹454.5 crore from anchor investors ahead of its upcoming initial public offering (IPO), the company said on Friday.
The anchor book witnessed strong participation from a diverse set of investors, including domestic mutual funds, insurance companies, and foreign portfolio investors (FPIs), indicating robust institutional interest in the issue.
According to a circular uploaded on the BSE website, prominent anchor investors include Nippon India Mutual Fund, Bay Pond Partners, Goldman Sachs Funds, Ashoka India Equity Investment Trust, Abakkus Four2Eight Opportunities Fund, Integrated Core Strategies (Asia) and HDFC Life Insurance Company.
The anchor allocation comes just ahead of the IPO opening for public subscription. Aye Finance operates as a specialised NBFC, focusing on providing credit solutions to micro and small enterprises, particularly in underserved segments.
Market participants view the successful anchor placement as a positive signal for the IPO, reflecting confidence in the company’s business model, growth prospects, and asset quality amid a cautious broader market environment.
(Economy India)
