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Spandana Sphoorty Financial Ltd IPO Message Board (Page 6)

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31. Eagleye |   Link |  Bookmark | August 3, 2019 4:24:53 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Spandana Sphoorty IPO - Schedule (Pg #439 of RHP)

31st July - Price Band to be announced
02nd Aug - Anchor List
05th Aug - Offer Opens
07th Aug - Offer Closes
14th Aug - Finalisation of Basis of Allotment
14th Aug - Initiation of Refunds
16th Aug - Credit to Depository Accounts
19th Aug - Commencement of Trading


Spandana Sphoorty IPO - Issue Information *(FINAL)*

Issue Opens on: 05 August 2019
Issue Closes on: 07 August 2019
Issue Type: Book Built Issue IPO
Issue Size: 1,40,29,622 Equity Shares
Face Value: Rs.10/- per Equity Share
Issue Price: Rs.853 - Rs.856 per Equity Share
Market Lot: 17 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 5,96,33,683 Equity Shares
Fresh Issue of 46,72,897 Equity Shares @856 = Rs.400.00 Crores
Offer for Sale of 93,56,725 Equity Shares @856 = Rs.800.94Crores
Equity Shares outstanding after the Issue = 6,43,06,580 Equity Shares

Category-wise Break up:
Anchor - 42,08,886 Shares = 360.28Crs
QIB - 28,05,924 Shares = 240.19Crs
NII - 21,04,444 Shares = 180.14Crs
RII - 49,10,368 Shares = 420.33Crs (Lot size: 17 = 2,88,845 Forms)
Total Issue - 1,40,29,622 Equity Shares = 1200.94Crs.

Subscription required for 1X
RII = 2,88,845 Forms
NII = 180.14Crs

Interest cost @7.5%p.a. for 7days = 123.12paise for 1X


Spandana Sphoorty IPO - Financial Information (Basis of Valuation)

EPS for FY17-18 >>> Rs.42.51 (Page #95 of RHP)
EPS for FY18-19 >>> Rs.53.35 (Page #95 of RHP)

RoNW for FY17-18 >>> 13.52% (Page #96 of RHP)
RoNW for FY18-19 >>> 16.51% (Page #96 of RHP)

NAV as on March 31, 2019 was Rs.316.84 (Page #96 of RHP)

Listed Industry Peer Group (Page #97 of RHP):
Bharat Financial Inclusion
Satin Creditcare Network
Ujjivan Financial Services
Bandhan Bank
Bajaj Finance
Cholamandalam Investment & Finance Company
Shriram City Union Finance
Sundaram Finance
Mahindra & Mahindra Financial Services
31.1. v for vendetta |   Link |  Bookmark | August 3, 2019 8:46:59 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
What is the estimate of over-subscription category wise?
30. naveen Chadha |   Link |  Bookmark | August 3, 2019 2:10:03 PM
There seems to always have been an infinite intellectual property in our country whichever leads and functions the nation in the form of a handful of politicians, always on the lookout to sensationalise the otherwise simple and smooth lives of our countrymen who have made them their representatives, so that a sense of anarchy is maintained.
29. deepcdsl |   Link |  Bookmark | August 2, 2019 7:30:51 PM
Anchor list koi post Karo pls...
29.4. Medge |   Link |  Bookmark | August 2, 2019 9:23:56 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
@Ritesh Maheta Thank You,

@king Vinod @rajakumar sir, your view on anchor list?
29.5. kenil |   Link |  Bookmark | August 3, 2019 10:07:46 AM
https://www.nseindia.com/products/content/equities/ipos/ipo_current_spandana.htm

below there is anchor lis zip file available
28. Anarchist |   Link |  Bookmark | August 1, 2019 9:07:41 PM (500+ Posts, 1400+ Likes)
This is exactly how big enterprises are perished. Nokia, Yahoo, Kodak? all went downhill because of similar set of reasons.

The only difference is their respective governments, never played a role in their collapse.
28.2. Anarchist |   Link |  Bookmark | August 2, 2019 5:35:15 PM (500+ Posts, 1400+ Likes)
@. IPO Janadesh

Ya! Government has a lot more important things to do. Like figuring what remains to be taxed after taxing everything from birth to death, from living to the dead.

Also privatise Police. We have a lot of credible businessmen with incredible skills for the task. I can think of a few names. Anil Ji Ambani? How would you like him as the Inspector General? I mean the CEO of India's privatised police force? Sounds good I guess?


28.3. amit K singh |   Link |  Bookmark | August 3, 2019 7:38:55 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Too good suggestion, then every police station will have a Rafale!! India will be falling down France by gdp race...
27. Hiteshji |   Link |  Bookmark | August 2, 2019 7:37:33 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Avoid this costly IPO. And buy some valuable stocks which are available at very cheap price from market which will give you good returns.
26. deepcdsl |   Link |  Bookmark | August 2, 2019 7:34:09 PM
GMP 6 to 8 RS... Almost NIL...very few trade...
25. Anarchist |   Link |  Bookmark | August 1, 2019 7:16:20 PM (500+ Posts, 1400+ Likes)
It's all about patience now.The day is not far when one can buy stocks like Maruti, Bajaj, Hero Honda etc at sub IPO prices or even below their face values if one can wait a tad longer.

Just tell your parents, they need not rue selling their IPO allotted Maruti shares too soon or not being able to catch Bajaj and Hero at their nascent stage. Because SHE is here now and with her pathbreaking policies, SHE is sure to bring back the golden days. :D
25.6. Ou Ai |   Link |  Bookmark | August 2, 2019 6:47:04 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Maruti given a return of 4300% excluding dividend in 16 years. When do you expect it to be available at 115? another 100+ years?

What was the IPO price of Hero Honda and Bajaj that you are expecting to be reality soon?
25.7. Anarchist |   Link |  Bookmark | August 2, 2019 7:20:35 PM (500+ Posts, 1400+ Likes)
Lol! ...Stock markets don't move in a linear fashion. Do they? It's not like a stone you threw at a 45° angle that must come down in a time-bound parabolic manner.

If policies are wrong, what was achieved in 16 years can be destroyed in even a couple of years. There is no algabraic method to calculate and arrive at the speed of debacle. Nokia quoted at € 28 in 2007 and inspite of being a going concern quotes at a tad above € 4 today.

MTNL quoted at Rs. 216 in 2006 and today it has no takers even at Rs. 7. Similarly RCOM quoted at Rs. 790 in 2008 trades at close to a rupee now. The same RCOM for which MTNL's progress was made to stall. One must remember.

As for Bajaj and Hero if the policies don't change I expect those concerns to become defunct. In simple words, they would go out of business.




24. Shreedmk |   Link |  Bookmark | August 2, 2019 6:19:09 PM
Can apply for this ipo as listing is on 19th till then all the dust will get settled. I am worried about affle's listing. Our strong and stable govt might spoil the party.
23. Amit Chheda |   Link |  Bookmark | August 2, 2019 11:10:56 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
If mrkt does not recover in couple of days, then investors may shy away from this ipo...especially retail.....hopes every thing settle down soon bcoz selling is temporary and growth is permanent....
23.1. ???? IPO Janadesh ???? |   Link |  Bookmark | August 2, 2019 12:45:03 PM
Investors shied away.
After Sterling and Wilson Solar IPO , Spandaan Sphoorty also cut down its IPO size by 30 %.
IPO size now reduced to 800 Cr. from 1200 cr. from 1500 cr.

Hope our foolish govt. keeps eyes and ears open.
22. deepcdsl |   Link |  Bookmark | August 1, 2019 9:41:34 PM
Dekhate hai how tomorrow anchor plays role...
Also last day Subscription dekhake hi apply karana accha rahenga...as market in panic state...
22.1. Bhupendra |   Link |  Bookmark | August 2, 2019 5:10:42 AM
Don't see, better to avoid as market condition is not good
21. ammubutter |   Link |  Bookmark | August 1, 2019 5:29:06 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
What a name for this ipo?Not entering the mouth too.....ha ha
20. Kick |   Link |  Bookmark | August 1, 2019 2:53:26 PM
what is GMP?
19. ipo madness |   Link |  Bookmark | August 1, 2019 1:29:40 PM
Can we apply IpO online through internet banking in standard chartered bank. Please give idea.
18. Aditya Hujband |   Link |  Bookmark | August 1, 2019 10:29:43 AM
Any idea about GMP...
17. Hiteshji |   Link |  Bookmark | July 31, 2019 9:26:22 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
NBFC companies now days are in trouble.
Also valuation is too high. Think twice
before applying the ipo...



17.1. Bhupendra |   Link |  Bookmark | August 1, 2019 8:26:54 AM
Agree
16. Premanshu Patel |   Link |  Bookmark | July 31, 2019 3:32:34 PM
what is PE??
16.1. papon |   Link |  Bookmark | July 31, 2019 9:04:32 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
It is the price you want to pay for Re 1 earning of the company. Price to earning ratio
15. RAJAKUMAR |   Link |  Bookmark | July 31, 2019 1:24:51 PM (1400+ Posts, 1200+ Likes)
Eps 53 as oo 2019
Pe is 16
Industry high and low is 43 and 8.8
RONW 16%
NAV 316 so price to book is 2.7 times
Sattin low pe 8.8 and book value is 1.7 times
Bajaj Finance pe is 43 and book value is 9 times
Total Debt is 3012 Cr. and Total Equity Share Capital and otherr Equity is 1890 Cr.
June 21st 2018 21 lakh shares private placement to some one at Rs.235
14. acp |   Link |  Bookmark | July 31, 2019 9:46:17 AM
should i applied or not please guide me ??
Thanks In advance
13. hchc |   Link |  Bookmark | July 31, 2019 8:32:39 AM
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
Price Band : 853-856
Lot : 17 shares
13.1. ???? IPO Janadesh ???? |   Link |  Bookmark | July 31, 2019 9:13:32 AM
Good News.price is very much dearer.P/E would be 16 only.At least 20-25% left for gain.Allotment would be more favourable due to bigger issue size.
12. Anarchist |   Link |  Bookmark | July 30, 2019 6:03:23 PM (500+ Posts, 1400+ Likes)
Hey! The name sounds appealing but make sure none of the congressmen eversince the inception of Congress could be related to this one. We must know that before Cobra post or any incumbent politicians tell us that.

The way all these scams perpetrated from the pre independence era are coming to the fore, makes me kind of nervous about NBFCs you see.

Look at what's been happening with DHFL, IL&FS, Indiabulls ..Holly shit!! wasn't that basket once the apple of every inwaster's eye?
12.3. ???? IPO Janadesh ???? |   Link |  Bookmark | July 30, 2019 9:00:12 PM
Hey Anarchist , Welcome back. Well said .Anarchy everywhere in the market in the economy after the end of her progressive budget speech.Yes , 'invest' in stock market means ' In Waste ' whatever you have.
Kindly do post at least one or two in this new IPO season not necessarily related to IPO , may be the happenings of Kolkata or Bengal or post naturally as usually as you used to post earlier.
12.4. Anarchist |   Link |  Bookmark | July 30, 2019 10:38:17 PM (500+ Posts, 1400+ Likes)
IPO Janadesh

Thanks buddy. The real fun though would be when a company is made to bid for their own shares sold by desperate cash starved promoters in need of money to run a million different vote accretive schemes.

On a side note: So whIich IPOs are in the pipeline? Mazgaon dock? LIC? ...lol ..