Arohan Financial Services IPO
Arohan Financial Services is a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. It provides income generating loans and other financial inclusion related products to customers who have limited or no access to financial services. As of September 30, 2020, the company’s Gross Loan Portfolio was ₹48.57 billion. It was the largest NBFC-MFI in Eastern India and the fifth largest NBFC-MFI in India based on Gross Loan Portfolio as of September 30, 2020. The company is registered with and its business is regulated by the RBI as an NBFC-MFI. It commenced its microfinance operations in 2006. As of September 30, 2020, it served approximately 2.21 million borrowers in 17 states. These included 12 of the 14 Low Income States in India.
The company offers a broad range of products to financially underserved customers. Its financial products are classified into credit and insurance products. Its credit products include income-generating loans and other loan products for various household purposes. The company also offers term loans to small microfinance institutions. It is focused on optimising its customer sourcing channels, maintaining well-established loan origination, credit underwriting and loan management processes, as well as adopting and integrating technology into its business to improve lending outcomes and operational efficiency.
Arohan Financial Services IPO Details
| Opening Date To be announced | Closing Date To be announced |
| Price Band To be announced | Issue Size Fresh issue aggregating up to ₹31,000 million |
| Face Value ₹1 per share | Market Lot To be announced |
| Listing at NSE,BSE | |
Arohan Financial Services IPO Timeline (Tentative Schedule)
| IPO Open Date | To be announced |
|---|---|
| IPO 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 |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
Checkout the List of Upcoming IPO
Financial Highlights
| For the Year/Period Ended | Profit After Tax (in Cr.) | Total Revenue (in Cr.) | Total Assets (in Cr.) | Total Expenses (in Cr.) |
|---|---|---|---|---|
| 30 September 2020 | 625.64 | 5073.93 | 58,131.17 | 4258.83 |
| 31 March 2020 | 1268.01 | 9345.06 | 52,808.21 | 7,669.20 |
| 31 March 2019 | 1,276.40 | 6515.93 | 38,530.97 | 4,744.56 |
| 31 March 2019 | 309.75 | 3278.71 | 23,036.70 | 2804.40 |
Strengths & Weakness
| Strengths | Weaknesses | ||
|---|---|---|---|
| Seasoned business model incorporating its well-established risk management framework, loan approval processes and recovery drives | Failure to control future NPAs or maintain adequate loan loss allowances could significantly harm financial condition and operations | ||
| Vertically integrated approach to product design with strong in-house R&D capabilities | Failure to manage interest rate risk could materially impact the company’s net interest income and financial performance | ||
| Advanced and scalable technology-enabled infrastructure | Asset-liability mismatches could expose the company to interest rate and liquidity risks, adversely affecting its business and financial results | ||
| Diverse borrowing relationships and access to multiple sources of capital | Adverse conditions in Low Income States, where many of its customers are located, could impact business and operations | ||
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Frequently Asked Questions
What is the price band of the IPO?
To be announced
What is the size of the company?
To be announced
What is the minimum lot size of the IPO?
To be announced
What is the minimum investment required?
To be announced