Trilegal advised BRLMs on Arohan Financial Services’ proposed IPO
The leading law firm in India, Trilegal advised the Book Running Lead Managers, DAM Capital, Motilal Oswal Investment Advisors and SBI Capital Markets, in connection with the proposed initial public offering by Arohan Financial Services Limited comprising a fresh issue of equity shares and an offer for sale by existing shareholders.
The proposed IPO comprises a fresh issue of equity shares aggregating to INR 6,000 million and an offer for sale of up to 40,437,529 equity shares by existing shareholders.
Arohan Financial Services Limited is a technology-enabled NBFC-MFI focused on providing income-generating loans and a range of financial inclusion products to underserved and unserved customers across rural and semi-urban India. As per the CARE Report, Arohan is the second largest NBFC-MFI in Eastern India in terms of assets under management (AUM) as of December 31, 2025, and the ninth largest NBFC-MFI in India in terms of AUM, placing it among the leading participants in the microfinance industry.
The Trilegal Capital Markets team advising on the matter was led by Bhakta Patnaik (Partner) and Albin Thomas (Partner), and comprised Somya Jena (Senior Associate), Janhavi Shah (Associate), Tushar Chitlangia (Associate), Sanskriti Singh (Associate), Adhish Mohanty (Associate) and Chaitali Chopdekar (Associate).
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