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Spandana Sphoorty Financial Ltd IPO (Spandana Sphoorty IPO) Detail

Aug 5, 2019 - Aug 7, 2019

Incorporated in 2003, Spandana Sphoorty Financial Ltd is a rural area focused NBFC-Microfinance Institution. Mrs Reddy is a founder, MD and promoter of the company. It is engaged in offering small-ticket unsecured loans to help the women in the low-income bracket in rural and urban areas. The company provides income generation loans, business loans and loans against gold jewellery.

Spandana has a presence across 15 states in India with 4,045 employees and 694 branch network. By offering the loan products to low-income households, the company is strengthening the socio-economic condition and improving their livelihoods.

The company has started working under CDR mechanism (Corporate Debt Restructuring) of the RBI to revive the business and restructure the borrowings in 2010. And, exited successfully in March 2017 with the help of Kangchenjunga Ltd and Kedaara AIF-1.

Before the 2010 crisis, the company had Rs 4,500 crore loan portfolio. The company started recovering and made the first profit in the year 2013-14. As of September 2018, Spandana had Rs 2,244 crore loan portfolio.

Company Products


1. Abhilasha (JLG Loans)
2. Shree Loans
3. Loans Against Property (LAP)
4. Gold Loans (Keertana)
5. Phinix Loans
6. Interim Loans

Competitive Strengths


1. Seasoned business model
2. Large employee base for a high degree of client engagement
3. Focus on a highly under-served market
4. Geographically diversified business operations

Company Promoters:

Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. 10 Lakhs)
31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 48,980.37 37,642.47 19,286.22 20,998.95 23,524.69
Total Revenue 10,362.81 5,872.74 3,770.64 3,438.62 3,019.71
Profit After Tax 3,087.48 1,879.71 4,434.14 2,432.35 1,050.99

Objects of the Issue:

The Net Proceeds of the Fresh Issue are proposed to be utilised for:
1. Augmenting the capital base and
2. General corporate purposes

Spandana Sphoorty IPO Details

Issue OpenAug 5, 2019 - Aug 7, 2019
Issue TypeBook Built Issue IPO
Issue Size14,046,056 Eq Shares of Rs 10
(aggregating up to Rs 1,202.34 Cr)
Fresh Issue4,689,331 Eq Shares of Rs 10
(aggregating up to Rs 400.00 Cr)
Offer for Sale9,356,725 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 853 - Rs 856 Per Equity Share
Market Lot17 Shares
Min Order Quantity17 Shares
Listing AtBSE, NSE

Spandana Sphoorty IPO Tentative Date / Timetable

Bid/Offer Opens OnAug 5, 2019
Bid/Offer Closes OnAug 7, 2019
Finalisation of Basis of AllotmentAug 14, 2019
Initiation of RefundsAug 14, 2019
Credit of Shares to Demat Acct:Aug 16, 2019
IPO Shares Listing Date:Aug 19, 2019

Spandana Sphoorty IPO Promoter Holding

Pre Issue Share Holding81.21%
Post Issue Share Holding62.6%

Offer Size Allocated

QIB Portion: 50% of the offer;
Retail Portion: 35% of the offer
NII Portion: 15% of the offer

Spandana Sphoorty IPO Subscription Status (Bidding Detail)

Spandana Sphoorty IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

2,799,338

2,106,909

4,916,120

9,822,367

Aug 7, 2019 18:00

3.11x

0.55x

0.09x

1.05x

Spandana Sphoorty IPO Prospectus

Spandana Sphoorty IPO Rating

478
4.0
Rating:Rated 4.0 stars

Vote Here ...

Spandana Sphoorty IPO Listing Date

Listing DateMonday, August 19, 2019
BSE Script Code542759
NSE SymbolSPANDANA
Listing InB
ISININE572J01011
Issue PriceRs 856 Per Equity Share
Face ValueRs 10 Per Equity Share

Company Contact Information

Spandana Sphoorty Financial Ltd
Plot No: 31 & 32,
Ramky Selenium Towers, Tower A, Ground Floor,
Financial District, Nanakramguda,Hyderabad 500 032

Phone: +91 40 4812 6666
Email: secretarial@spandanaindia.com
Website: http://www.spandanaindia.com/

Spandana Sphoorty IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: spandana.ipo@karvy.com
Website: https://karisma.karvy.com/

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Spandana Sphoorty IPO Review / Comments

Johny
114. Johny  Aug 19, 2019 07:45 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
All the best to all the allottees!
ammubutter
113. ammubutter  Aug 18, 2019 22:33 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Be prepared for tepid listing........the people who applied really had guts......so they must be having guts to experience the mokkai listing too
Roxpatel
112. Roxpatel  Aug 18, 2019 12:34 I Like It. 2 | Report Abuse Reply
Don't sell immediately after listing, wait till 12:30pm
Priyansh Agrawal
111. Priyansh Agrawal  Aug 17, 2019 07:12 I Like It. | Report Abuse Reply
Dear Rajkumar any views about listing
Swapnihar
110. Swapnihar  Aug 16, 2019 18:25 I Like It. | Report Abuse Reply
Share was Suppose to credit to demat acc today but till not share are not reflecting in my demat acc even though i got the alloment
RAJAKUMAR
110.1. RAJAKUMAR  Aug 17, 2019 01:46 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
On listing day it will reflect
Hiteshji
109. Hiteshji  Aug 16, 2019 19:52 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
It will be disaster listing on Monday
even if market is in positive note.
As poor subscribe and too much
high valuations.
Prabahar P M
108. Prabahar P M  Aug 7, 2019 12:53 I Like It. 4 | Report Abuse Reply
Figures (No. of subscription) getting reduced suddenly. So, people withdrawing applications?
amit K singh
108.2. amit K singh  Aug 7, 2019 14:58 I Like It. 4 | Report Abuse
This ipo is Big avoid . Only promotors have applied to make subscription number more than .9 ,so that ipo sails through.. if anyone applied already, widraw your application to save your money from these greedy promotors....
Devenblt
108.3. Devenblt  Aug 16, 2019 18:00 I Like It. | Report Abuse
sir
can u explain once how we apply online ipo in icici bank minor a/c.
as i want to make online asba for minor
KeeKumar
107. KeeKumar  Aug 16, 2019 12:15 I Like It. | Report Abuse Reply
What is the GMP of Spandana Sphoorty FL now? (fyi: allotted 2 lots)
Abhishek dhruve
106. Abhishek dhruve  Aug 15, 2019 00:50 I Like It. | Report Abuse Reply
Please suggest me how to withdraw any ipo application in sbi
Baskaran
106.2. Baskaran  Aug 15, 2019 08:41 I Like It. 1 | Report Abuse
Don't withdraw it's gives at least good return.
Roxpatel
106.3. Roxpatel  Aug 15, 2019 21:52 I Like It. 1 | Report Abuse
Why do want to withdraw? Big chances to go up, atleast you will not have to loose
Dhavalbhavsarahmedabad
105. Dhavalbhavsarahmedabad  Aug 15, 2019 11:58 I Like It. 3 | Report Abuse Reply
Pre open 899 . and made high 912 made low 899 close at 902.45

Abhishek dhruve
105.1. Abhishek dhruve  Aug 15, 2019 16:48 I Like It. 1 | Report Abuse
Frm wher u get?
Dhavalbhavsarahmedabad
104. Dhavalbhavsarahmedabad  Aug 15, 2019 12:00 I Like It. | Report Abuse Reply
If allotted person sold ??? Limit before 9.45 am at 905 rs....
ammubutter
103. ammubutter  Aug 13, 2019 20:59 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
No interest seen in people about allotment...... Otherwise how much excitement everyone would have?
ammubutter
103.2. ammubutter  Aug 13, 2019 23:30 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@hitesh ji....for your kind information...... I DIDN'T APPLY THIS IPO. ...wen many stocks are available at throw away prices....y should I get this one.....whose name takes 1 day to spell itself......Swapna sundari......ha ha. ....ha.... .spandana spoorty.....
deepcdsl
103.3. deepcdsl  Aug 14, 2019 22:35 I Like It. | Report Abuse
Swapna poorty
Sandeeppatel
102. Sandeeppatel  Aug 14, 2019 21:56 I Like It. 2 | Report Abuse Reply
Ready for bumper listing
Arjunsinh Solanki
101. Arjunsinh Solanki  Aug 14, 2019 15:53 I Like It. 1 | Report Abuse Reply
HI..HIII...HII... Haa...haaa...... ha.....hi...hi......hi.... ha....haaaaa...haaaa...
Sandeeppatel
101.1. Sandeeppatel  Aug 14, 2019 21:54 I Like It. 1 | Report Abuse
It will list minimum Rs.80 upside
Sandeeppatel
101.2. Sandeeppatel  Aug 14, 2019 21:55 I Like It. 1 | Report Abuse
It will list minimum Rs.80 upside
KVR Krishna
100. KVR Krishna  Aug 13, 2019 19:04 I Like It. 1 | Report Abuse Reply
Money was debited from ICICI bank for ICICI Demat account. Waiting for listing...
Ankit Atara
100.1. Ankit Atara  Aug 14, 2019 13:28 I Like It. | Report Abuse
My money was also deducted. I got mail from SBI that your money is transfered to spandana. But i haven't received any confirmation regarding allotment.. what happened?? Help
Tradertoday
99. Tradertoday  Aug 14, 2019 12:07 I Like It. | Report Abuse Reply
What is the GMP? Could someone tell me please?
K Arun
98. K Arun  Aug 14, 2019 10:57 I Like It. | Report Abuse Reply
got 1/1
Priyansh Agrawal
97. Priyansh Agrawal  Aug 13, 2019 22:32 I Like It. | Report Abuse Reply
Ab is ka kya hoga bhai
Roxpatel
96. Roxpatel  Aug 13, 2019 22:10 I Like It. | Report Abuse Reply
Money debited from account
Roxpatel
96.1. Roxpatel  Aug 13, 2019 22:12 I Like It. | Report Abuse
Applied 1, got 1
Pintu yadav
95. Pintu yadav  Aug 13, 2019 21:43 I Like It. | Report Abuse Reply
4 lot allotted
Apply 4 allotted



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