A) Arohan Financial 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.
B) Started in the year 2006, Arohan Financial is 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. Arohan Financial has seasoned business model incorporating well-established risk management framework, loan approval processes and recovery drives.
C) As of March-2023, its Gross Loan Portfolio (“GLP”) is ~5357 Crores. In the last 3 years they were having the second highest loan portfolio CAGR of 68.00% among the top five NBFC-MFIs in India.
D) As of March-2023, Arohan Financial microfinance business’ branch network consisted of 829 branches in 11 states and MSME lending business’ branch network consisted of 10 branches in eight states.
E) Under Microfinance portfolio, the company has 97% women customers to whom they have given loans.
F) The promoters of the company are Aavishkaar Venture Management Services Private Limited (“AVMS”) and Intellectual Capital Advisory Services Private Limited (“I-Cap”). Other institutional investors include 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.
G) In FY23, Arohan Financial has Revenue of 1090 Crores, PAT of 71 Crores and Gross NPA of 2.80%.
H) Book value as on 31.03.2023 = 90 and EPS = 6. So, accordingly, the share at INR 155 is available at P/E of25x and P/B of 1.72x, which is reasonable.
|Total Available Shares:||1000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ 185 Per Equity Share|
|Name of shareholder||No. of Equity Shares||% of Equity|
|ASK Financial Holdings Pvt. Ltd||5530329||4.6|
|Particulars (in Crores)||2023||FY22||FY21||FY20||FY19||FY18|
|Particulars (in Cr)||31.03.2023||31.03.2022|
|Net Interest Income||931||859|
|Profit Before Provisioning||287||224|
|Profit After Provisioning||94||89|
Please find below the procedure for buying Arohan Financial Services Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Arohan Financial Services Unlisted Shares at UnlistedZone.
Lock-in period of Arohan Financial Services Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Arohan Financial Services Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Arohan Financial Services Unlisted Shares then minimum investment would be 35-50k.
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If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
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If you buy Arohan Financial Services Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
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The Arohan Financial Services Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Arohan Financial Services Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Arohan Financial Services Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
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