Additional Information
| Effective yeild | 11.37% |
|---|---|
| Investment Amount | |
| Interest Payment Frequency | |
| Coupon | 10.50% |
| Face value | 1,00,000/- |
| Maturity Date | 30/04/2027 |
| Ratings | A- by India Ratings |
About Company
- Aye Finance Private Limited (AFPL) is a Non‐Deposit Accepting Non‐Banking Finance Company holding a Certificate of Registration from the Reserve Bank of India in 2013
- AFPL lending is based on the cluster approach. The company leads to micro enterprise, largely in manufacturing, trading, dairy (livestock) and service segment. The company focuses on the trading and agri and livestock categories. AFPL portfolio has two large segments – hypothecation loans and quasi‐mortgage loans. Hypothecation loans formed 93.9%, quasi‐mortgage 4.3% and Mortgage loan 1.9% of the overall AUM as of 31st March 2023.
- As on March 31, 2023, company has a presence across 398 branches set up in 18 states/ union The portfolio is well diversified, with top four states – UP (16.4), Rajasthan (13.8%), Haryana (8.4%), MP (8.5%) and accounting for (47.1%) of the combined exposure with remaining spread across 16 states.
- Aye has strong private equity players as shareholders, including Elevation Capital, LGT Capital, Capital G, Falcon Edge, A91, and MAJ.
