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Arohan Financial Services conferred with SKOCH Recognition
Posted On: 2021-04-06 10:21:07 (Time Zone: Arizona, USA)
One of the leading NBFC-MFIs, Arohan Financial Services recently received a semifinalist recognition at SKOCH Awards 2021 for Micro Credit, mera Arohan, Response to COVID and Corporate Governance segments.
On being in receipt of this recognition, Mr Manoj Nambiar, Managing Director, Arohan Financial Services Ltd stated In the past we been awarded the SKOCH Order of Merit for qualifying amongst the top 100 projects in India for Financial Inclusion in 2016, SKOCH Order of Merit for IT Transformation, Mobility and CRM in 2017 amongst top 80 Technology Project in India and SKOCH Order of Merit in 2018 for qualifying amongst the top ranking banking and finance projects in India for financial Inclusion, micro credit and rural expansion. We continue to have a focus bringing easy access to micro credit and create a social impact and are humbled to be recognized as a
Arohan Financial files draft red herring prospectus
February 15, 2021
The market sources peg the company’s IPO between ₹1,750-1,800 crore. Arohan Financial Services Ltd, a Kolkata-based NBFC and microfinance institution (MFI), has filed a Draft Red Herring Prospectus for an Initial Public Offering (IPO) with the market regulator.
While the company did not disclose the amount it intends to raise through the IPO, market sources pegged it about ₹1,750-1,800 crore.
The offer comprises fresh issuance of shares amounting to ₹850 crore. The company will have an Offer for Sale (OFS) of 2.7 crore 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 Ltd collectively.