New Delhi, Feb. 16 -- Aye Finance's shares were off to a lacklustre start on Monday, February 16, as they listed at par with the initial public offering (IPO) of Rs.129 apiece.

Aye Finance share price opened at Rs.129 on BSE and NSE - neither a discount nor a premium.

The listing beat market expectations as suggested by the grey market premium (GMP). The (-) Rs.2 Aye Finance IPO GMP earlier today signalled a listing at 1.55% discount.

Aye Finance IPO was subscribed 1.04 times at the end of the three-day bidding process, as demand from non-institutional investors (NIIs) remained especially weak at just 5% subscription.

The qualified institutional buyer (QIB) portion was booked 1.62 times, and the retail quote 81%.

Aye Finance IPO, ope...