{"id":376005,"date":"2026-02-18T13:30:56","date_gmt":"2026-02-18T08:00:56","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=376005"},"modified":"2026-02-18T13:24:49","modified_gmt":"2026-02-18T07:54:49","slug":"aye-finance-ipo-sam-capital-markets","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/18\/aye-finance-ipo-sam-capital-markets\/","title":{"rendered":"Shardul Amarchand Mangaldas &amp; Co.  Advises Aye Finance Limited on &#8377;1,010 Crore Initial Public Offering"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">February 17th, 2026 | New Delhi:<\/span> Shardul Amarchand Mangaldas &amp; Co. (&#8220;SAM&#8221;) acted as domestic legal counsel to Aye Finance Limited in connection with its initial public offering of equity shares aggregating to approximately &#8377;1,010 crore (USD 111.42 million). The IPO comprised a fresh issue of equity shares worth &#8377;710 crore and an offer for sale of &#8377;300 crore by existing shareholders. The equity shares were listed on BSE Limited and the National Stock Exchange of India Limited on February 16, 2026.<\/p>\n<p style=\"margin-bottom: 3%;\">The issue was undertaken in compliance with Indian securities regulations and included international offerings to qualified institutional buyers in the United States under Rule 144A and offshore investors under Regulation S. Aye Finance, a leading MSME-focused non-banking financial company, serves micro and small enterprises across manufacturing, trading, services, and allied agriculture sectors, with a presence across 18 states and 3 union territories. The offering supports the company\u2019s growth strategy and strengthens its capital base for expanding credit access to underserved micro enterprises.<\/p>\n<p style=\"margin-bottom: 3%;\">The SAM transaction team was led by Prashant Gupta, Partner and National Practice Head &#8211; Capital Markets; Sayantan Dutta, Partner; and Trishita Dasgupta, Partner, with support from Ritika Khare, Senior Associate; Aishwariya Chaturvedi, Associate; Deeksha Dhingra, Associate and Mihira Jaggi, Associate.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">Shardul Amarchand Mangaldas advised Aye Finance Limited on its &#8377;1,010 crore initial public offering comprising a fresh issue and offer for sale.<\/p>\n","protected":false},"author":67011,"featured_media":376006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[99016,99019,99022,99020,99018,99021,99017,98991],"class_list":["post-376005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-aye-finance-ipo-2026","tag-aye-finance-public-issue","tag-aye-finance-share-listing","tag-msme-lending-company-ipo","tag-msme-nbfc-ipo-india","tag-rule-144a-regulation-s-ipo-india","tag-sam-aye-finance-listing","tag-shardul-amarchand-mangaldas-capital-markets-deal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SAM Advises Aye Finance on \u20b91,010 Cr IPO<\/title>\n<meta name=\"description\" content=\"Shardul Amarchand Mangaldas advised Aye Finance Limited on its \u20b91,010 crore IPO, including a fresh issue and offer for sale.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/18\/aye-finance-ipo-sam-capital-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shardul Amarchand Mangaldas &amp; Co. Advises Aye Finance Limited on \u20b91,010 Crore Initial Public Offering\" \/>\n<meta property=\"og:description\" content=\"Shardul Amarchand Mangaldas advised Aye Finance Limited on its \u20b91,010 crore IPO, including a fresh issue and offer for sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/18\/aye-finance-ipo-sam-capital-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-18T08:00:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/Aye-Finance-IPO.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Shardul Amarchand Mangaldas &amp; Co. 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