Aye Finance files draft papers for Rs 1,450 crore IPO

The A91 Partners and Google’s CapitalG-backed company filed a draft red herring prospectus with the Securities and Exchange Board of India. Through the IPO, A91 Partners, CapitalG and Alpha Wave will be selling their stake. After Paytm, PolicyBazaar and MobiKwik, Aye Finance is set to become the fourth technology-backed financial services company to go public.