| Name | Arohan Financial Services Limited Unlisted Shares |
|---|---|
| Sector | Microfinance |
| Security Type | Pre-IPO/Unlisted Equity Shares |
| Face Value | ₹ 10 |
| ISIN Code | INE808K01017 |
| Available in Depository | CDSL & NSDL |
| Arohan Financial Services Unlisted Share Price | ₹ 199 Per Equity Share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹ 15000-17000 |
| All Time High | ₹ 305 |
| All Time Low | ₹ 125 |
| Highlights | - Leading NBFC in low-income states of India - Part of Aavishkaar Group |
| PAN | AAECA6121D |
Arohan Financial Services is a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. They provide income generating loans and other financial inclusion related products to customers who have limited or no access to financial services. As of September 30, 2020, their Gross Loan Portfolio (“GLP”) was ₹48.57 billion.
Arohan Financial Services was the largest NBFC-MFI in Eastern India and the fifth largest NBFC-MFI in India based on Gross Loan Portfolio as of September 30, 2020. Between Fiscal 2017 to Fiscal 2020, they had the second highest GLP CAGR of 68.00% among the top five NBFC-MFIs in India, as well as the highest customer growth among the top five NBFC-MFIs at 49.00% CAGR between Fiscal 2018 to Fiscal 2020 (Source: CRISIL Report). As of September 30, 2020, 76.78% of their microfinance portfolio was in non-urban areas of India and women constituted more than 97.00% of their total customers.
Arohan Financial Services are registered with and their business is regulated by the RBI as an NBFC-MFI. They commenced microfinance operations in 2006. As of September 30, 2020, Arohan Financial Services served approximately 2.21 million borrowers in 17 states. These included 12 of the 14 Low Income States in India (as defined in the CRISIL Report).
As of that date, their microfinance business’ branch network consisted of 710 branches in 11 states and their MSME lending business’ branch network consisted of 10 branches in eight states. They offer a broad range of products to financially underserved customers.
Their financial products are classified into credit and insurance products. Their credit products include income generating loans and other loan products for various household purposes. Their insurance products include life and health insurance covers issued and underwritten by certain Indian insurance companies with whom they have entered into tie-ups. They also offer term loans to small microfinance institutions (“MFIs”).
Arohan Financial Services are focussed on optimising their customer sourcing channels, maintaining well-established loan origination, credit underwriting and loan management processes, as well as adopting and integrating technology into their business to improve lending outcomes and operational efficiency.
Their organic growth approach involves setting up their own branches, onboarding employees, and providing credit to customers through their branch networks. In addition, their inorganic growth approach involves establishing partnerships with other MFIs pursuant to which they act as their business correspondents in sourcing and collections (i.e., sourcing new customers and collecting loan repayments from customers on their behalf) in line with their processes and policies. As of September 30, 2020, 3.31% of their GLP was derived from there sourcing and collections portfolio, as well as from term loans issued to their MFI partners.
Arohan Financial Services Promoters, Aavishkaar Venture Management Services Private Limited (“AVMS”) and Intellectual Capital Advisory Services Private Limited (“I-Cap”) are part of the Aavishkaar Group. The Aavishkaar Group has advised and nurtured businesses with social impact in India and abroad and in early stages of investment and has also advised a large number of organisations on inclusive business strategies and has provided significant amounts of venture capital funding to social impact businesses.
As of September 30, 2020, the Aavishkaar Group had an AUM of approximately US$1.00 billion across Asia. As of the date of Draft Red Herring Prospectus, their institutional investors also included Tano India Private Equity Fund II, Maj Invest Financial Inclusion Fund II K/S, Michael &137 Susan Dell Foundation, TR Capital III Mauritius, ASK Financial Holding Private Limited and Kiran Vyapar Limited.
Arohan Financial Services were certified as a “Great Place to Work” and were ranked 86th among the best companies to work for in India by the Great Place to Work Institute India, in 2020. In the same year, they were in the top 25 companies among the banking, financial services and insurance industry, and among the top three NBFC-MFIs to be certified as a Great Place to Work. Arohan Financial Services were awarded the “Microfinance Organization of the Year” award by Access Assist at the Inclusive Finance India Awards 2018. They were also awarded the “Microfinance Institution of the Year” award in 2010 in the “Small and Medium Category” by Access Assist.
Source – Arohan Financial Services IPO DRHP
Source – Company Brochure
Key Financial & Operational Information
Arohan Financial Services Network
Source – DRHP
| Particulars | 2021-22 | 2020-21 |
|---|---|---|
| Interest income | 20,918.97 | 21,365.09 |
| Total revenue from operations | 22,025.00 | 24,098.45 |
| Total expenses | 20,220.33 | 35,644.48 |
| Profit/ (loss) before tax | 1,989.04 | ( 10,767.69) |
| Net Profit/ (loss) after tax | 1,435.40 | ( 7,813.47) |
| EPS | 1.19 | ( 7.11) |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of Arohan Financial Services Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 120,177,303 (As per DRHP filed in 2021)
Market Cap Scenarios:
At 100 Rs/Share, Arohan Financial Services Unlisted Shares values the company at approx. Rs. 1,201 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Arohan Financial Services Unlisted Shares
At 150 Rs/Share, Arohan Financial Services Unlisted Shares values the company at approx. Rs. 1,802 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Arohan Financial Services Unlisted Shares
At 200 Rs/Share, Arohan Financial Services Unlisted Shares values the company at approx. Rs. 2,403 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Arohan Financial Services Unlisted Shares
| Name | Listing Status |
|---|---|
| Maxvalue Credits and Investments | Unlisted |
| ICL Fincorp | Unlisted |
| Five Star Business Finance | Unlisted |
| Capital Small Finance Bank | Unlisted |
| CreditAccess Grameen | Listed |
| Bandhan Bank | Listed |
| Ujjivan Small Finance Bank | Listed |
No information found for Arohan Financial Services Dividend
No information found for Arohan Financial Services Bonus
No information found for Arohan Financial Services Rights Issue
No information found for Arohan Financial Services Buyback
Process of Buying Arohan Financial Services Unlisted Shares
For detailed buying process, refer here
The minimum lot size for investing in Arohan Financial Services Unlisted Shares is 100 Shares
The Lock-in period for Arohan Financial Services Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment. (According to SEBI regulations)
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
Yes, buying Arohan Financial Services Unlisted Shares is completely legal
You can regularly check the updated price of Arohan Financial Services Unlisted Shares at our Website and on our Telegram Channel
At Unlisted Arena, you can buy Arohan Financial Services Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell Arohan Financial Services Unlisted Shares:
Before IPO: You can sell Arohan Financial Services Unlisted Shares before IPO too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After IPO: Once the lock-in period is complete, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares
There are two methods to transfer Arohan Financial Services Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it.
Yes, Arohan Financial Services Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares
Once the process is complete, Arohan Financial Services Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy Arohan Financial Services Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy Arohan Financial Services in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day
Short Term Capital Gains Tax: If unlisted shares are sold in 24 months or less, gains from such sale are taxed at the slab rate
Long Term Capital Gains Tax: If unlisted shares are sold after holding for more than 24 months, gains on such sale will be taxed at 20% after indexation
Tax on Capital Gains on Unlisted Shares that are sold after getting listed: The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of Arohan Financial Services Pre IPO shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
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Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
Arohan Financial Services is a Pre IPO company. Arohan Financial Services has a plans to get its stock listed on exchanges. For that purpose, Arohan Financial Services has already filed its DRHP with SEBI
Yes, NRIs can also buy and sell Arohan Financial Services Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy Arohan Financial Services Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares
Unlisted Arena sources Arohan Financial Services Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
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