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.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
