Alphabet's CapitalG-backed Aye Finance, a lender focused on India’s micro, small, and medium enterprises, is seeking to raise $171 million from its

TechCrunch

United States

Alphabet-backed Indian lender files for IPO

Ad Fontes Media

All Sides

Media Bias/Fact Check

Verizon Communications

Non-banking financial company (NBFC) Aye Finance has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for INR 1,450 Cr initial public offering (IPO). The IPO will include a fresh issue of equity shares worth INR 885 Cr and an offer-for-sale (OFS) amounting to INR 565 Cr by existing shareholders. Among those participating in the OFS are institutional investors such as LGT Capital, CapitalG, A91 Fund, M…

Inc42 Media

Aye Finance Files DRHP For INR 1,450 Cr IPO

Capital G-backed microlending platform Aye (formerly Aye Finance) has filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO) on Monday. According to the DRHP, the company aims to raise a total of Rs 1,450 crore through its IPO. This includes a fresh issue of equity shares worth Rs 885 crore (approximately $105 million) and an offer for sale (OFS) amounting to Rs 565 cro…

Entrackr

Aye files DRHP for Rs 1,450 Cr IPO; largest backer Elevation skips OFS

Aye Finance, a lender targeting small- and medium-sized businesses in India, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors. Proceeds from the IPO will be used to expand the startup’s loan portfolio and strengthen its capital base. The lender, backed by Alphabet’s venture arm, Capita…

RocketNews

Alphabet-backed Indian lender files for $171M IPO

NEW DELHI, Dec 17: Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO).   The Gurugram-based company’s proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an Offer for Sale (OFS) of Rs 565 crore by corporate and individual selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on…

dailyexcelsior.com

NBFC player Aye Finance files draft  papers with Sebi for Rs 1,450-cr IPO

fundingblogger.com

Aye Finance, backed by Google parent Alphabet’s investment arm – Capital G, has filed its Draft Red Herring Prospectus (DRHP) with Indian regulator ‘SEBI’ to raise $171 million (~ ₹1,450 Crore) through an Initial Public Offering (IPO). The MSME lender will offer a $104 million fresh share issue and a $67 million secondary sale via existing investors. Elevation Capital and British International Investment are among the fintech startup’s backers. …

The Tech Portal

Google-backed MSME lender Aye Finance files DRHP for $171Mn IPO - The Tech Portal

Aye Finance aims to raise ₹1450 crore through its ipo, focusing on growth and expanding its presence in the financial services sector.

Alphabet-backed Indian lender files for IPO

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics