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Biopol Chemicals
PAN HR Solutions
Fractal Analytics
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Biopol Chemicals SME | 6th Feb 2026 - 10th Feb 2026 | 31.26 Cr | 2400 Shares | ₹ 108.00 | |
PAN HR Solutions SME | 6th Feb 2026 - 10th Feb 2026 | 17.04 Cr | 3200 Shares | ₹ 78.00 | |
Fractal Analytics BSE NSE | 9th Feb 2026 - 11th Feb 2026 | 2833.90 Cr | 16 Shares | ₹ 900.00 | |
Aye Finance BSE NSE | 9th Feb 2026 - 11th Feb 2026 | 1010.00 Cr | 116 Shares | ₹ 129.00 |
(All values in times subscribed)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 09-02-2026 | 0.13x | 0.01x | 0.26x | 0.12x |
| 10-02-2026 | 0.13x | 0.01x | 0.40x | 0.15x |
The company is a specialised NBFC that focuses on micro enterprises, which make up about 98% of India's MSME sector. It targets borrowers with an annual turnover of ₹0.2 to 1 crore, a group that banks often overlook. As of September 30, 2025, the company had 586,825 active customers. This makes it the MSME lender with the largest customer base as compared to other NBFCs, operating in a broad and underdeveloped credit market.
As of September 30, 2025, the company operated 568 branches in 18 states and 3 union territories. This makes it one of the most geographically diverse MSME-focused NBFCs in India. The top three states contributed to 41.3% of AUM, reducing the concentration of risk and allowing for growth.
Aye Finance uses a cloud-based ‘phygital’ model to serve micro-ticket MSME loans efficiently. The average loan amount is ₹0.018 crore. As of September 30, 2025, the company has achieved 100% paperless and cashless disbursements, which helps them scale up cost-effectively. They have automated underwriting in over 70 business clusters, with about 24% processed straight-through. This is supported by AI/ML models, allowing for scalable growth without significant capital expenses.
The company has a balanced mix of liabilities. It includes term loans and PTCs accounting for 59.02%, NCDs at 28.95%, and ECBs contributing 12.03%. This structure helps reduce concentration and refinancing risks. The average cost of borrowing remained steady at 11.2% in H1FY26, showing an improved credit profile. Bank borrowings rose from 18.57% in FY23 to 29.95% as of FY25, and was 31.38% as of September 30, 2025. This change reflects a move toward more stable and cost-effective funding.
Stage 2 assets improved to 1.65% of gross loans as of September 30, 2025, down from 1.82% in FY25. This marks the lowest percentage among peer MSME-focused NBFCs. Non-starter assets stayed low at 0.08% in H1FY26. Early delinquency levels fell to 0.29% from 0.34%, reflecting disciplined execution and effective portfolio management.
Aye Finance
M-5, Magnum House-I, Community Centre, Karampura, New Delhi, New Delhi, 110015