InvestorQ : Can you tell me about the details of the Arohan Financial IPO which has just got the approval from SEBI?
manisha Kolvenkar made post

Can you tell me about the details of the Arohan Financial IPO which has just got the approval from SEBI?

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Crowny Pinto answered.
1 week ago
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Arohan Financial is a non banking finance company or NBFC giving loans to small and mid ticket borrowers. Arohan has filed with SEBI to raise a sum of Rs.1,800 crore through the initial public offer route. The idea is to improve the capital adequacy of the company to give them more currency to expand their loan book.

Out of the total amount to be raised of nearly Rs.1800 crore, nearly half the amount will be raised in the form of fresh issue while the balance will be by way of offer for sale or OFS. The promoters of the company as well as some of the marquee early investors in Arohan will be given an exit via the offer for sale portion.

The IPO will include 2.71 crore shares offered by way of the OFS by marquee early investors in the company and a similar amount by fresh issue. The fresh issue component of the IPO will be used to augment the capital base of the company with a view to meeting future capex. The price band and other details are expected to be made public shortly. 

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