Arohan Financial IPO

Arohan Financial Services Ltd.

Arohan Financial IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
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DRHP PDF

About Arohan Financial

Arohan Financial Services Limited is a leading NBFC-MFI (micro-finance institution) with operations in financially under-penetrated low income states of India. It provides income-generating loans and other financial inclusion-related products to customers who have limited or no access to financial services. It offers a broad range of products to financially underserved customers. The financial products are classified into credit and insurance products.;
Parent Organisation
Arohan Financial Services Ltd.
Founded
1991
Managing Director
Manoj Kumar Nambiar

Strengths & Risks

  • Largest NBFC-MFI in Eastern India and fifth largest NBFC-MFI in India with a focus on the low-income states.
  • Seasoned business model incorporating its well-established risk management framework, loan approval processes, and recovery drives.
  • Customer-centric approach with diverse product offerings.
  • Advanced and scalable technology-enabled infrastructure.
  • Diverse borrowing relationships and access to multiple sources of capital.
  • Management consists of professionals who have experience in microfinance, consumer finance, investment banking, retail banking, consulting, and insurance.
  • Inability to control the level of non-performing assets in the future, or its impairment of financial instruments allowance is insufficient to cover future loan losses.
  • Any disruption in its funding sources.
  • Vulnerability to interest rate risk and an inability to manage the same.
  • Asset-liability mismatches that could expose it to interest rate and liquidity risks
  • Any failure in its IT systems.
  • Geographic concentration in low-income states like West Bengal, Bihar, Assam, and Odisha.
  • Inability to maintain its capital adequacy ratio.
  • Any downgrade in its credit ratings resulting in an increase in its finance costs.
  • Any changes in laws and regulations applicable to Non-Banking Finance Companies (NBFCs).
  • Highly competitive industry – the financing industry.
  • Operational risks including fraud, petty theft, embezzlement, or other misconduct since it deals with large volumes of cash.
  • Inability to measure or verify customer credit-worthiness or repayment ability data and information.
  • Exposure to credit, market, and liquidity risks including in respect of its residual MSME lending business.
  • Inability to develop or implement effective risk management frameworks.
  • Inability to protect or use its intellectual property rights.
  • Failure to detect money-laundering and other illegal or improper activities fully or on a timely basis.

Financials

*All values are in Rs. Cr
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