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Arohan Financial Services IPO Details

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 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

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Fri, May 15, 2026

Issue Reservation

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

About Arohan Financial Services Ltd.

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:

Strong rural and semi-urban presence
Technology-driven operations
Large customer base and branch network
Strong risk management framework
Experienced management team

Company Financials (Restated)

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

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

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 (₹)	8.76	7.83
Promoter Holding	81.11%	60.01%

Mohit Gupta, Manju Gupta, Radhika Gupta and Vandana Rubber and Chemicals Private Limited

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
arohanfinancial.ipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

Dam Capital Advisors Ltd. (Past IPO Performance)
Motilal Oswal Investment Advisors Ltd. (Past IPO Performance)
SBI Capital Markets Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Arohan Financial Services Ltd. Address

PTI Building, 4th Floor

DP 9, Sector 5

Salt Lake, Parganas North

Kolkata, West Bengal, 700091

+91 33 4015 600
compliance@arohan.in
Visit Website

IPO FAQs

What is the Arohan Financial Services IPO?

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.

How to apply in Arohan Financial Services IPO through Zerodha?

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 the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Arohan Financial Services IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.

When Arohan Financial Services IPO will open?

The Arohan Financial Services IPO dates are not announced. Please check back again after some time.

What is the lot size of Arohan Financial Services IPO?

Arohan Financial Services IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Arohan Financial Services IPO?

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.

When is Arohan Financial Services IPO allotment?

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.

When is Arohan Financial Services IPO listing date ?

The Arohan Financial Services IPO listing date is not yet announced. The tentative date of listing is .