Arohan Financial Services Share Price: IPO Date, Price, GMP, Review, Details

Arohan Financial Services Share Price: IPO Date, Price, GMP, Review, Details

Arohan Financial Services is an RBI-licensed NBFC-MFI, and the RBI supervises their operations. They began microfinance operations in 2006. As of September 30, 2020, they represented approximately 2.21 million borrowers in 17 states. They included twelve of India’s fourteen low-income states. As of that date, their microfinance branch network included 710 locations in 11 states, while our MSME lending branch network included ten locations in eight states. They offer a diverse range of goods to financially disadvantaged consumers.

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They are working to strengthen our customer sourcing networks, to maintain established loan origination, credit underwriting, and loan management processes, and to implement and integrate technology in order to improve lending outcomes and operational efficiency.

Arohan Financial Services IPO Details

Arohan Financial Services, a microfinance lender based in Kolkata, filed a draught red herring prospectus for its initial public offering with the capital market regulator, Sebi, on February 14. The offering comprises a new issue of Rs 850 crore and the sale of 2,70,55,893 equity shares.

The company intends to raise Rs 150 crore via a pre-IPO placement, according to the DHHP. If the company conducts a pre-IPO, the size of the company’s new problem will be reduced. Arohan Financial Services, a leading NBFC-MFI with operations in India’s financially underserved low-income states, intends to use the proceeds from the new issue to expand its capital base in order to meet anticipated capital requirements in FY22.

IPO

Arohan Financial Services IPO Date

The opening and closing dates of Arohan Financial Services Limited’s initial public offering (IPO) are not yet known. The upcoming IPO will usually last 3–4 days, after which you will be allocated shares based on demand. The money you paid will be refunded to your bank account if your shares are not allocated to you.

Arohan Financial Services IPO Issue Size

This Initial Public Offering consists of an undisclosed number of Rs.10 equity shares sold for cash at an unknown price per equity share.

Arohan Financial Services IPO Share Price

The face value of each share is Rs.10, but the IPO’s price band has not been revealed. The initial share sale will take place in the first quarter of the following fiscal year.

Arohan Financial Services IPO Listing

The exact date of this latest IPO’s public offering is unknown.

Arohan Financial Services IPO Objectives

The Net Proceeds will be used by Arohan Financial Services to finance the following elements:

– Growing company’s capital base

– Proposed Implementation and Deployment Schedule for Net Proceeds

– Use of Net Proceeds in the Short Term

Courtesy : www.motilaloswal.com

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