About Arohan Financial Services IPO
Established in 1991, Arohan Financial is one of the leading NBFC-MFIs in India. The company started its microfinance business in 2006. It operates in low-income, unpenetrated states of the country. The offerings of Arohan Financial Services include credit as well as insurance products. The former includes income-generating loans and other forms of financial assistance, while the latter covers life and health insurance products.
Arohan Financial Services IPO Objectives
- Fulfilment of general corporate purposes
- Augmenting the capital base
- Prepayment or repayment of the entire or a small part of its outstanding borrowings
Arohan Financial Services IPO - Details
Arohan Financial has filed preliminary papers with SEBI to raise Rs. 1750 crores to Rs. 1800 crores. As per its DRHP, the company’s IPO will include a fresh issue of Rs. 850 crores and an offer for sale (OFS) of 27,055,893 shares by existing shareholders.
Qualified institutional buyers (QIBs) can subscribe to up to 50% of the IPO, whereas retail individual investors will have up to 35% of the reserved portion. 15% of the issue size will be set aside for non-institutional investors. Furthermore, eligible employees of this company can subscribe up to 5% of Arohan Financial’s initial offer.
Opening Date
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Market Lot
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Listing at NSE, BSE
Arohan Financial Services IPO Important Dates
IPO Open Date | To be announced |
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IPO Close Date | To be announced |
Basis Of Allotment Date | To be announced |
Initiation Of Refunds | To be announced |
Credit Of Shares To Demat ACcount |
To be announced |
IPO Listing Date | To be announced |
UPI Mandate Expiry Date | To be announced |
How to apply for Arohan Financial Services IPO?
You can apply for the Arohan Financial Services IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book
Arohan Financial Services IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for
Arohan Financial Services IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Arohan Financial Services – Noteworthy Highlights
As per a report published by CRISIL, Arohan Financial Services was the fifth-largest NBFC-MFI in India as of 30 September 2020. Some more noteworthy highlights of this company include the following:
- As of 30 September 2020, the company catered to approximately 2.21 million borrowers across 17 states in India.
- Between FY2018 and 2019, Arohan Financial recorded the highest CAGR (49%) in relation to customer growth among the top 5 NBFC-MFIs in India.
- Arohan Financial’s microfinance segment comprised a network of 710 branches across 11 states in the country as of 30 September 2020.
- Between FY2017 and 2018, Arohan Financial Services had the second-highest CAGR (68%) in terms of gross loan portfolio among the NBFC-MFIs in India.
- This company has raised funds worth approximately $20 million over 3 rounds. its last funding was on 18 May 2017.
Arohan Financial Services IPO - SWOT Analysis
Competitive Analysis: Market Peers
Company | Market Capitalisation Growth rate (Last 5 Years) | TTM P/E Ratio | Dividend Yield |
Tata Investment Corporation | 129.81% | 37.97 | 2.08 |
Mannapuram Finance | 160.40% | 10.31 | 0.95 |
L&T Finance | 5.55% | 20.34 | - |
Equitas Holdings | -35.16% | 9.39 | 2.30 |
Shriram Transport Finance | 13.72% | 14.68 | 1.32 |
Arohan Financial Services IPO FAQs
What is Arohan Financial Services IPO?
When is the Arohan Financial IPO listing date?
When will Arohan Financial Services IPO be open for subscription?
How will investors receive shares?
Who are the Book Running Lead Managers to this IPO?
Who is the registrar for Arohan Financial IPO?
What is the minimum lot of Arohan Financial IPO?
What are the different categories of investors that can participate in Arohan Financial IPO?
What type of issue will Arohan Financial IPO be?
Can I apply for the Arohan Financial IPO if I don’t have a UPI ID?
How can I apply for the Arohan Financial IPO through the Angel One App?
- Go to the ‘Investment Opportunities’ section of the App.
- Now, tap on ‘IPOs and FPOs’ and enter the required details.
- Provide the valid UPI ID as approved by NPCI.
- Finally, select the ‘Invest’ option and place your IPO order.
How to create an UPI ID?
- First, download the BHIM app.
- Now, verify your mobile number and register the passcode.
- Choose your bank from the list.
- Now, the app will fetch your bank details. However, if you have more than one bank account, select the one that you wish to register on the app.
- For security, you need to set up a UPI PIN.
- Finally, check your UPI ID in the Profile section.
Where to find my UPI ID?
When can I receive the UPI mandate request after I place an order?
Why can’t I apply for the Arohan Financial IPO using my UPI ID?
How can I approve my Arohan Financial IPO mandate request?
My UPI handle isn’t listed in the Angel One app while I apply for the Arohan Financial IPO. What should I do?
Are there any charges to apply for the Arohan Financial IPO?
Will I be able to submit more than one IPO applications?
Although I have approved the mandate request, the status on the Angel One app is still pending? What should I do?
Within what time should I approve the UPI mandate request?
Can I apply for the Arohan Financial IPO using a bank account that is not connected with Angel One?
Can an NRI apply for the Arohan Financial IPO through the Angel One app?
Will I be able to apply for the Arohan Financial IPO with my HUF’s account?
What is the cut-off price and why is it important to apply at the cut-off price?
Can I apply for IPO using my daughter’s account if she is a minor?
Can I apply for the Arohan Financial IPO with a current account?
My account did not get debited even after I applied for an IPO. Why so?
Why was my Arohan Financial IPO application rejected?
- Provide an incorrect UPI PIN or ID while approving the mandate request
- Enter a Demat account, UPI ID or bank account that is not linked to the same PAN
For example, if you apply for Arohan Financial IPO with your Demat account using your brother’s UPI ID, your application will get rejected. This is because your PAN is not linked with your brother’s UPI or your Demat account isn’t linked with your brother’s bank account.
How to modify my Arohan Financial IPO bid?
How to guarantee Arohan Financial IPO allotment?
But there are ways in which you can increase your chances of allotment:
- Use only 1 Demat account that is linked to your PAN.
- Try to apply at the cut-off price.
- Make sure that the Demat account, UPI ID, and bank account are all linked to one PAN. If not, your application for Arohan Financial IPO can get rejected.