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Arohan Financial IPO
Arohan Financial
Arohan Financial IPO Details
Arohan Financial a leading NBFC-MFI is soon coming up with an IPO offer. The offer comprises a fresh issue of equity shares by the company aggregating to up to Rs. 8,500 million and an offer for sale of up to 27,055,893 equity shares.
The net proceeds will be used to strengthen the company's capital base.
Another reason for the ipo is to get the listing benefits, enhance the brand name and creating a public market for their shares to trade.
Company Business
Arohan Financial started in 2006 as a Non-Banking Financial Company - Microfinance Institution.(NBFC-MFI)
As of September 30, 2020, the company served approximately 2.21 million borrowers across 17 states in India.
They operate around 710 branches across 11 states
The company provides a diverse range of financial products like loans, life and health insurance covers to underserved customers, classified into credit and insurance categories.
IPO Strengths
- Largest NBFC-MFI in Eastern India and fifth largest NBFC-MFI in India
- Customer targeted diverse product offerings
- Advanced and scalable technology-enabled infrastructure
- Experienced management and promoters
IPO Weaknesses
- Disruption in our funding sources will majorly affect the company operations
- Company's loan portfolio would may no longer continue to be classified as priority sector lending by the RBI
- The locations in which the company operates are prone to natural disasters and any such situations will adversely affect the business.
- General business risks
Arohan Financial Revenue & Profit
+3.231 | +0.310 |
+6.489 | +1.276 |
+9.218 | +1.268 |
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Arohan Financial IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Arohan Financial IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Arohan Financial IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Arohan Financial IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Arohan Financial IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Arohan Financial IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Arohan Financial IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.