India, Feb. 11 -- NBFC Aye Finance's IPO picked up pace on the final day of bidding and was subscribed 51% as of 14:15 IST. It received bids for 2.30 Cr shares against 4.55 Cr shares on offer.

Qualified institutional buyers (QIBs) ramped up bidding on the third day, after subscription from this cohort did not see any changes on the second day, remaining at 13%. The quota reserved for QIBs was subscribed 47%, getting bids for 1.71 Cr shares against 2.48 Cr reserved for them.

Retail individual investors continued to show strong interest in the public issue, bidding for 55.95 Lakh shares against 82.78 Lakh shares on offer. This translated to 68% subscription.

The least interest in the issue was expressed by non-institutional investors, wh...