আরোহান ফিনান্সিয়াল সার্ভিসেস আইপিও প্রসপেক্টাস INR1,750 কোটি জোগাড় করতে দায়ের করেছে

উত্স নোড: 816309

Kolkata-based microfinance company Arohan Financial Services has filed draft prospectus with SEBI, seeking permission to launch its IPO. The MFI player focuses on the unserved and underserved states across the country. According to market sources, Arohan Financial Services IPO will mobilize around 1,750 কোটি টাকা.

The IPO will comprise of a fresh issuance of shares amounting to 850 কোটি টাকা planned to be used towards augmenting its capital base. Arohan Financial Services expects these funds to be deployed in FY2022.

In addition, the company’s existing shareholders Maj Invest
Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India
Private Equity Fund II, TR Capital III Mauritius and Aavishkaar Goodwell India
Microfinance Development Company II Ltd plan to sell 27,055,893 shares as part
of an Offer for Sale (OFS).

The company also plans to undertake a pre-IPO placement of 150 কোটি টাকা. If the investment goes through, the fresh issuance portion of the IPO will be reduced by this amount.

Arohan Financial Services IPO will have 35% reservation for retail investors while 15% will be earmarked for non-institutional investors (NII) and 50% for qualified institutional buyers (QIB).

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Strong Growth & Profitability

Arohan Financial Services has a rich operating history of nearly
15 years and it has served approximately 2.21 million borrowers across 17
states. In terms of gross loan portfolio, it is the largest microfinance player
in Eastern India as of 30 September 2020.

The microfinance business of the company operates out of 710
branches across 11 states and the MSME lending business has a reach across 8
states through its 10 branches.

As the table highlights, the company has been able to post strong growth in business in recent years while also retaining its profitability in double digits.

Arohan Financial Services’ financial performance (in INR crore)

  FY2018 FY2019 FY2020 H1 FY2021
রাজস্ব 327.9 651.6 934.5 507.4
খরচ 280.4 474.5 766.9 425.9
নেট আয় 31.0 127.6 126.8 62.6
নেট মার্জিন (%) 9.5 19.6 13.6 12.3

Arohan Financial Services IPO will be managed by Edelweiss
Financial Services, ICICI Securities, Nomura Financial Advisory and Securities,
and SBI Capital Markets.

Source: https://ipocentral.in/arohan-financial-services-ipo-prospectus-filed-to-raise-inr1750-crore/

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