Upcoming IPO, April 8 -- Aye Finance, Bluestone Jewellery and Lifestyle, and GK Energy have obtained final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI), for their initial public offerings (IPOs).

Located in Gurugram, Aye Finance Limited is a non-banking financial company - middle layer (NBFC-ML) that focuses on extending loans to micro-scale micro, small, and medium enterprises (MSMEs) throughout India, aiming to raise Rs.1,450 crore through its IPO.

The IPO, featuring a face value of Rs.2 per equity share, consists of a fresh issue up to Rs.885 crore and an offer for sale up to Rs.565 crore by both corporate and individual selling shareholders. The company submitted its IPO documents to SEB...