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Microfinance Institution Arohan Financial Services Files IPO Papers To Raise Rs 1,750-1,800 Crore

Microfinance institution Arohan Financial Services files IPO papers to raise Rs 1,750-1,800 crore The company may raise Rs 150 crore via pre-IPO placement. If the said fund raising takes place, then the fresh issue size will get reduced. February 15, 2021 / 03:00 PM IST Kolkata-based microfinance lender Arohan Financial Services has filed draft red herring prospectus with the capital market regulator, Sebi on February 14, for its initial public offering. The public offer comprises a fresh issue of Rs 850 crore and an offer for sale of 2,70,55,893 equity shares by 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.

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