Whalesbook
Profit Ka Scene Kaisa Hai?
Asal mein twist toh yahi hai! Company ka profit FY25 mein 65% tak gir gaya hai, jo FY24 ke ₹57 Crore se kam hokar sirf ₹20 Crore reh gaya hai. Yeh sab expenses badhne ki wajah se hua, bhale hi net interest income 13% badh gaya tha. Profit margins bhi 19.2% se ghisat kar 6.5% par aa gaye. Return on Assets (RoTA) bhi neeche aaya hai.
IPO Se Kya Milega?
Iss IPO se Arohan apna capital badhana chahti hai taaki future mein aur zyada lending kar sake. Total ₹1,400 Crore ka ye IPO do hisson mein hai: ₹600 Crore ka fresh issue (naye paisa company ke paas aayega) aur ₹800 Crore ka Offer for Sale (OFS), jisse Teachers Insurance aur Michael & Susan Dell Foundation jaise purane investors apna kuch stake sell kar payenge. Matlab, company ko growth ke liye paisa aur investors ko exit ka mauka.
Pichle Challenges Aur Future Plan
Microfinance sector mein kaam karne wali Arohan ko pehle RBI se high lending rates ko lekar kuch issues hue the, ab woh restrictions hat gayi hain. Company ka plan hai ki FY27 tak assets under management (AUM) ko ₹9,000 Crore tak pahunchana hai, jismein woh gold loans aur vehicle financing jaise secured loans mein bhi utarenge.
Investors Kya Soch Rahe Hain?
Market abhi kaafi selective hai, aur investors earnings visibility par focus kar rahe hain. Arohan ka profit 65% girna, margin kam hona, aur GNPA ratio ka 1.67% se badhkar 2.86% hona (FY25 ke pehle 9 mahine mein) kuch concerns hain. Plus, IPO ka bada hissa OFS hai, jo dikhata hai ki liquidity ek major goal hai. Investors Ujjivan, BFIL, Bandhan Financial Services, Kinara Capital jaise competitors ko bhi dekh rahe hain.
Aage Ka Rasta
Company jaldi hi full DRHP file karegi aur market jab theek lagega, tab IPO launch karegi, possibly agle saal. Target 2030 tak ₹20,000 Crore AUM ka hai. Investors dekhenge ki valuation, asset quality sudharne ka plan, aur regulatory challenges ko Arohan kaise handle karti hai. Success issi par depend karegi ki company responsible growth dikha paati hai ya nahi.