India, Feb. 16 -- MSME-focused NBFC Aye Finance's shares made their debut on the bourses today, listing flat at the issue price of Rs.129 on the BSE and the NSE.

At 10:09 IST, the stock was trading 4.07% below the issue price at Rs.123.75 on the BSE. The company's market capitalisation stood at Rs.3,054 Cr (about $336.7 Mn).

The company's IPO, which comprised a fresh issue size of Rs.710 Cr and an offer-for-sale (OFS) component of Rs.300 Cr, was subscribed 97%.

The price band for the public issue was set at Rs.122 to Rs.129.

Cofounder and promoter Vikram Jetley, Alpha Wave India I LP, MAJ Invest Financial Inclusion Fund II, CapitalG LP, LGT Capital Invest Mauritius PCC with Cell E/VP offloaded shares via the OFS. MAJ Invest emerged as...