Arohan Financial Services is preparing to file its Draft Red Herring Prospectus for a Rs 1,400 crore IPO, combining a fresh issue of shares with an offer for sale component. The filing marks the microfinance lender's most concrete step yet toward a public listing, timed to coincide with what management views as improving sector conditions. Arohan operates in the microfinance segment, which has faced asset quality stress and portfolio deterioration over the past two years following borrower over-indebtedness concerns and collection disruptions. The company is moving now as loan portfolios across the sector show signs of recovery and delinquency trends stabilize. A fresh issue component will inject primary capital into the balance sheet, supporting loan book expansion, while the OFS allows existing shareholders to partially exit. Investor appetite for microfinance IPOs has been cautious; Arohan's reception will serve as a sector confidence barometer. Watch for SEBI review timelines, anchor investor interest, and whether the IPO proceeds are earmarked for tier-II and tier-III market lending.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
