AFAye Finance544699Routine SEBI update

Crisil monitoring report: no deviation from IPO objects for quarter ended September 30, 2026

Aye Finance disclosed Crisil Ratings' Monitoring Agency Report on the use of its IPO proceeds for the quarter ended September 30, 2026.

By ScoutQuest · Fri 23 Oct 2026, 6:42 PM IST · 2 min read

Issue Size

Rs 7,100.00 million

Issue Expenses

377.58 (Rs. million)

Net Proceeds

6,722.42 (Rs. million)

Quarterly check on IPO money

Aye Finance Ltd has disclosed the Monitoring Agency Report issued by Crisil Ratings Ltd on the utilisation of the proceeds of its Initial Public Offer (IPO) for the quarter ended September 30, 2026. The report was placed before the Audit Committee and the Board of Directors at their respective meetings held on October 21, 2026, and is also made available on the company's website.

Issue and proceeds

• Issue period: February 09, 2026, to February 11, 2026
• Type of issue: Initial Public Offer (IPO); specified securities: Equity Shares
• Company belongs to the Non-Banking Financial Company (NBFC) sector
• Issue size: Rs 7,100.00 million
• Gross proceeds: 7,100.00 (Rs. million), the amount Crisil Ratings is monitoring
• Less: Issue expenses 377.58 (Rs. million)
• Net proceeds: 6,722.42 (Rs. million)

Deviation from the stated objects

The report states "Deviation from the objects: Not applicable" and "Range of Deviation: Not applicable" for the quarter ended September 30, 2026.

What the monitoring agency says about its own role

Crisil states that the report gives an objective view of how the issue proceeds are being used against the objects of the issue, based on information provided by the issuer and sources it believes to be accurate. It also states that the monitoring agency does not perform an audit and does not independently verify the information, certifications or statements it receives.

Reading it simply

This is the routine quarterly report that follows an IPO, in which an outside agency records how the money raised has been used. For this quarter the stated position is that there is no deviation from the objects of the issue, and no range of deviation. The numbers to note are the Rs 7,100.00 million issue size and gross proceeds, issue expenses of 377.58 (Rs. million) and net proceeds of 6,722.42 (Rs. million).

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