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.