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Stake sale · Financial Services

Alpha Wave exits Aye Finance via ₹323 Cr bulk deals

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Date
Company
Aye Finance
What it does
MSME lending NBFC
Kind
Stake sale
Amount
₹322.6 Cr
Sector
Financial Services

What they do

Alpha Wave sold its entire 7.78% stake for ₹322.6 Cr to Integrated Core Strategies (Asia), Singularity AMC’s Singularity Large Value Fund III, among other…

What happened

Aye Finance reported Q1 FY27 net profit of ₹74.5 Cr, up 144% YoY, with revenue growing 18% YoY

Why it matters

The IPO was undersubscribed and listed flat at ₹129, while shares closed at ₹181.60 on August 27

The details

  • Alpha Wave India I exited its full position in Aye Finance through bulk deals worth ₹322.6 Cr.
  • The investor sold 1.92 Cr shares, representing a 7.78% stake in the company.
  • Buyers included Integrated Core Strategies (Asia) and Singularity AMC’s Singularity Large Value Fund III.
  • Alpha Wave achieved a 1.4X gain on its initial investment.
  • Earlier in February, Alpha Wave sold 23.25 Lakh shares for ₹30 Cr as part of the IPO.
  • The IPO was undersubscribed and listed flat at the issue price of ₹129 per share.
  • By August 27, the share price had risen to ₹181.60, marking a 2.89% increase.
  • Another entity, F3 Advisors, also traded shares but maintained a mixed buy-sell position.

The bigger picture

  • The sale represents a complete exit by the early-stage investor Alpha Wave India I.
  • The transaction occurred shortly after the company reported significant profit growth.

About the business

  • Aye Finance operates as an MSME-focused NBFC providing loans to small enterprises.
  • Products include secured and unsecured hypothecation, mortgage, Shakti, and SwitchPe loans.
  • The company serves 6,70,372 customers across its network.
  • It maintains 571 active branches in 21 states across India.
  • The team consists of 10,891 members supporting operations and customer service.
  • Customer satisfaction is measured by an NPS Score of 72.20.
  • Employee retention rate stands at 47.26% according to internal metrics.
  • The company manages an AUM of ₹7,324 Cr as of Q1 FY27.
  • Net worth reached ₹2,528 Cr with a capital adequacy ratio of 42.38%.

The deal

Type
bulk deal

Investors

  • Alpha Wave India I (seller) — Early stage investor exiting fully.
  • Integrated Core Strategies (Asia) (buyer) — Investment fund acquiring stake.
  • Singularity AMC’s Singularity Large Value Fund III (buyer) — AMC fund acquiring stake.

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