Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Arohan Financial Services Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on May 15, 2026 to raise funds through Initial Public Offer (IPO).
Arohan Financial Services Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹600.00 crores and an offer for sale (OFS) of upto 4.04 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Arohan Financial Services IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹600 Cr) |
| Offer for Sale | 4,04,37,529 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 15,94,12,320 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, May 15, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue. |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 2006, Arohan Financial Services Limited is a technology-enabled NBFC-MFI providing microfinance and income-generating loans across rural and semi-urban India.
The company offers microfinance loans, insurance products, and household financing solutions primarily for women borrowers through a branch-led and digital business model.
The company operates across 17 states and 320 districts in India through 1,073 branches.
As of December 31, 2025, it served 1.95 million active customers and had 9,502 employees.
By December 31, 2025, the company's applications had been downloaded over 0.67 million times and processed more than 1.50 million transactions, boosting customer engagement and self-service.
The company also uses digital platforms such as ApnaArohan, ApnaBazaar, ArohanPrivilege, and MeraArohan for customer onboarding, loan servicing, and repayments.
Competitive Strengths:
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 7,461.84 | 6,885.79 | 8,115.44 | 6,018.17 |
| Total Income | 1,133.05 | 1,695.26 | 1,634.63 | 1,091.00 |
| Profit After Tax | 60.74 | 109.69 | 313.82 | 70.72 |
| EBITDA | 470.74 | 776.90 | 1,010.35 | 563.36 |
| NET Worth | 2,091.81 | 2,025.13 | 1,914.76 | 1,338.03 |
| Reserves and Surplus | 1,932.40 | 1,866.22 | 1,757.34 | 1,187.64 |
| Total Borrowing | 5,219.43 | 4,703.40 | 6,015.84 | 4,533.49 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting our capital base to meet future business requirements of our Company towards onward lending | 600.00 |
| 2 | General corporate purposes | |
| Total | 600.00 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 2.95% | 5.57% |
| ROCE | 3.93% | 5.57% |
| Debt/Equity | 2.50 | 2.32 |
| RoNW | 2.90% | 5.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.88 | |
| Promoter Holding | 14.16% |
Arohan Financial Services IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Arohan Financial Services IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Arohan Financial Services IPO using UPI as a payment gateway. Zerodha customers can apply in Arohan Financial Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arohan Financial Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arohan Financial Services IPO dates are not announced. Please check back again after some time.
Arohan Financial Services IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Arohan Financial Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Arohan Financial Services IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Arohan Financial Services IPO allotment status.
The Arohan Financial Services IPO listing date is not yet announced. The tentative date of listing is .
