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Arohan Financial Services, Kolkata based microfinance lender, is in its final stage of preparations of IPO. The fresh issue size will be worth Rs. 850 crores (including Pre-IPO placement value) and offer for sale of 2.7 crore equity shares. The lender will be looking to raise up to Rs 150 crore from pre-IPO placement. Existing investors such as Tano India, Michael & Susan Dell Foundation, Maj Invest, TR Capital and Aavishkaar Goodwell India Microfinance Development Company II (AG II) will be looking to partially exit through the sale.
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