Alphabet(US:GOOGL) Inc42 Media·2026-02-14 10:15Core Insights - Aye Finance's IPO was highly successful, closing with a 97% subscription rate, and is set to list on February 16 [1] - The IPO included a fresh issue of shares worth ₹710 Cr and an offer-for-sale (OFS) component of up to ₹300 Cr, valuing the company at approximately ₹3,183 Cr (about $351.4 million) at the upper end of its price band [7] Investor Gains - MAJ Invest emerged as the biggest cash gainer, selling 1.08 million shares for ₹139.7 Cr, achieving a 1.7X return on its initial investment [2][5] - LGT Capital Partners recorded the highest return on investment at 2.4X by offloading 2.325 million shares worth ₹30 Cr, while retaining 2.47 Cr shares valued at ₹319.8 Cr [3][5] - CapitalG, the growth fund of Alphabet Inc, sold 63.95 lakh shares for ₹82.5 Cr, realizing a 2.2X gain on its investment [8] - Alpha Wave sold 23.25 lakh shares for ₹30 Cr, achieving a 1.4X return on its initial investment [9] Company Performance - Aye Finance, co-founded by Vikram Jetley and Sanjay Sharma in 2014, specializes in small-ticket business loans for MSMEs [10] - The company's total assets under management reached ₹6,027.6 Cr as of September 2025, reflecting a 21% year-over-year growth [10] - In H1 FY26, Aye Finance's net profit declined by 40% to ₹64.6 Cr from ₹106.8 Cr in the previous year, while operating revenue increased by 21.8% year-over-year to ₹843.5 Cr [11]