Arohan Financial Services file for IPO and aim to raise Rs 1,800cr through this Issue. Let’s have a detailed overview of the Arohan Financial Services Ipo release date, IPO offer price, subscription, grey market price, and other details like the Company’s background, its financial positions, promoters, and other related things.
Arohan Financial Services Ipo Details:
|IPO Date||not yet announced|
|Issue Size (Rs cr)||₹1,800Cr ([●] Equity Shares)|
|Offer for Sale||[●]|
|Issue Price||not yet announced|
|Market Lot size||not yet announced|
|Min. Order Quantity||not yet announced|
|Listing on||NSE and BSE|
Arohan Financial Services Ipo Date:
The opening and the closing date of the IPO of Arohan Financial Services is not announced yet.
|Issue Open Date||[●]|
|Issue Close Date||[●]|
|Basis of Allotment Date||[●]|
|Initiation of Refunds||[●]|
|Credit of Shares to Demat Account||[●]|
|IPO Listing Date||[●]|
Arohan Financial Services Ipo Offer Summary:
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs 850cr
Offer for Sale: Offer for sale consists of Up to 2,70,55,893 Equity Shares of the face value of Rs.10 each, aggregating Rs.[●].
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.1800cr
Arohan Financial Services IPO Grey Market Premium ( GMP ):
The Utkarsh Small Finance Bank IPO Grey Market Premium price is Rs [●], the Kostak rate is Rs [●], and the Subject to Sauda is[●].
Arohan Financial Services IPO: Business Overview
Arohan Financial Services Limited is a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. Arohan provides income-generating loans and other financial inclusion-related products to customers with limited or no access to financial services.
As of September 30, 2020, Arohan was the fifth largest NBFC-MFI in India and the largest NBFC-MFI in Eastern India (Source: CRISIL Report), based on Gross Loan Portfolio (“GLP”) with a GLP of INR 48.57 billion.
Arohan Financial Services Limited is a part of the Aavishkaar Group, which provides business solutions to assist sustainable enterprises dedicated to social and environmental change. As of September 30, 2020, the Aavishkaar Group had an AUM of approximately US$ 1.00 billion across Asia.
Key Operational Numbers Of Companies Business:
Promoters And Management:
Aavishkaar Venture Management Services (AVMS) and Intellectual Capital Advisory Services (I-Cap) are the Promoters of Company.
AVMS is primarily authorized to provide management services and other such allied professional services to venture capital funds and other entities, including corporates and non-corporates.
As of DRHP, AVMS holds 24,763,774 Equity Shares, representing 20.61% of the issued, subscribed, and paid-up share capital.
Arohan Financial Services Competitive Peers
the are 5 main competitors are listed on stock market details given below.
Note: given rates are changed frequently if you need live data then visit trendlyne or moneycontrol
|Listed Peers||market cap (IN CR.)||EPS Basic (Rs.)||P/E||P/B||ROE%|
|Equitas Small Fin.||5,810.32||2.14||23.85||1.68||9.75|
|Bandhan Bank||₹ 50,726.07||16.27||19.37||2.93||22.91|
|Ujjivan Small Fin||4,640.52||-0.32||0||1.64||15.26|
|Karur Vysya Bank||4,292.30||4.24||12.67||0.63||3.61|
Arohan Financial Services IPO Related FAQs :
When Will The Arohan Financial Services IPO Open?
The Company did not announce the IPO open date. The opening and closing date are updated after Company notified.
What Is The Price Band For The Arohan Financial Services IPO?
The Company did not decide Price Band for IPO.
What Is The Lot Size For The Arohan Financial Services IPO?
Investors need to subscribe to a minimum of one lot of [●] shares. A retail individual investor can bid for a maximum of [●] share
What Is The Issue Size Of The Arohan Financial Services IPO?
The issue comprises a fresh issue of up to [●] and an offer for sale of up to [●] crore shares that amount to[●]. At the upper limit of the price band. This sums up the two; the issue size for Arohan Financial Services IPO is Rs.1800cr.
What Is The Quota For Retail Investors In Arohan Financial Services IPO?
As per the RHP, not more than [●] per cent of the offer would be available for allocation to retail.
Where Will Shares Of Arohan Financial Services Get Listed?
The shares of the company will be listed on the BSE and the NSE.
What Is The Last Date For Subscription In Arohan Financial Services IPO?
The Company did not decide Last Date For Subscription.
On What Date Will Arohan Financial Services Get Listed?
listing is likely by [●].
Where Could We Check Arohan Financial Services IPO Allotment Status?
Those who would bid for the issue can check the subscription status on www.linkintime.co.in, the online portal of Link Intime India Private Limited, the registrar to the IPO.