If you've been following India's microfinance sector, Arohan Financial's IPO filing is an important development you shouldn't ignore.Arohan Financial Services Limited, one of India's leading NBFC-MFIs (Non-Banking Financial Company – Micro Finance Institution), has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch its Initial Public Offering (IPO).The company plans to raise fresh capital through the public issue while existing shareholders will also participate through an Offer for Sale (OFS). With a presence across 17 states, nearly 20 lakh active customers, and a branch network exceeding 1,000 locations, Arohan has emerged as one of the significant players in...
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