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 Open	Aug 5, 2019 - Aug 7, 2019
Issue Type	Book Built Issue IPO
Issue Size	14,046,056 Eq Shares of ₹10 (aggregating up to ₹1,202.34 Cr)
Fresh Issue	4,689,331 Eq Shares of ₹10 (aggregating up to ₹400.00 Cr)
Offer for Sale	9,356,725 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Face Value	₹10 Per Equity Share
Issue Price	₹853 - ₹856 Per Equity Share
Market Lot	17 Shares
Min Order Quantity	17 Shares
Listing At	BSE, NSE

Spandana Sphoorty IPO Tentative Date / Timetable

Bid/Offer Opens On	Aug 5, 2019
Bid/Offer Closes On	Aug 7, 2019
Finalisation of Basis of Allotment	Aug 14, 2019
Initiation of Refunds	Aug 14, 2019
Credit of Shares to Demat Acct	Aug 16, 2019
IPO Shares Listing Date	Aug 19, 2019

Spandana Sphoorty IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	17	₹14,552
Maximum	13	221	₹189,176

Spandana Sphoorty IPO Promoter Holding

Pre Issue Share Holding	81.21%
Post Issue Share Holding	62.6%

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

› Draft Prospectus
› Red Herring Prospectus

Spandana Sphoorty IPO Rating

478

4.0

Rating:

Vote Here ...

Spandana Sphoorty IPO Listing Date

Listing Date	Monday, August 19, 2019
BSE Script Code	542759
NSE Symbol	SPANDANA
Listing In	B
ISIN	INE572J01011
Issue Price	₹856 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
₹856.00
₹824.00
₹690.00
₹865.00
₹848.40
472,028

NSE
₹856.00
₹825.00
₹691.10
₹866.00
₹847.80
4,632,064

Spandana Sphoorty IPO Reviews / Ratings

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Motilal Oswal - Subscribe for Long Term
S P Tulsian - Subscribe
Capital Market - Subscribe
SPA Financial Advisor Ltd - Subscribe
Angel Broking - Subscribe
Emkay Global - None

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/

Spandana Sphoorty IPO Lead Manager(s)

Lead Manager Reports

Spandana Sphoorty IPO FAQs

1. What is Spandana Sphoorty IPO?

Spandana Sphoorty IPO is an main-board initial public offering of 14,046,056 equity shares of the face value of ₹10 aggregating up to ₹1,202.34 Crores.

The issue price of the IPO is ₹853 - ₹856 Per Equity Share. The minimum order quantity is 17 Shares per application and the offer type is Book Built Issue.

The IPO opens on Aug 5, 2019 and closes on Aug 7, 2019.

Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
2. When Spandana Sphoorty IPO will open?

The Spandana Sphoorty IPO opens on Aug 5, 2019 and closes on Aug 7, 2019.
3. How to apply for Spandana Sphoorty IPO?

Spandana Sphoorty IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Spandana Sphoorty IPO allotment?

The finalization of Basis of Allotment for Spandana Sphoorty IPO will be done on Aug 14, 2019, and the allotted shares will be credited to your demat account by Aug 16, 2019. Check the Spandana Sphoorty IPO allotment status.
5. When is Spandana Sphoorty IPO listing date?

The Spandana Sphoorty IPO listing date is on Monday, August 19, 2019, at BSE, NSE.

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Useful Articles

Spandana Sphoorty IPO Review / Comments

131. Aniketiaf Aug 4, 2019 09:19

55 |

IPO Mentor (900+ Posts, 5200+ Likes)

SPANDANA SPHOORTY FINANCIAL LTD

In Brief,

A good IPO having potential to give about 10% listing gain.

It's a good bet for medium to long term also.

I will apply through all my account.

Thanks.

Load more comments (15 replies)

131.1. Roxpatel Aug 4, 2019 09:59

2 |

Thanks

131.2. amit K singh Aug 4, 2019 14:45

3 |

Thanks Aniket, what is the latest gmp from your source?

131.3. Analyst. Ipo Aug 4, 2019 17:03

3 |

I am not in favor for 10%gain..many well known Nbfc with good corporate governance can provide healthty return if you invest in that instead of subscribing this Ipo.. L&t fin, Ab money or piramal ent available more cheaper than this Ipo.

131.4. Aniketiaf Aug 5, 2019 15:31

21 |

IPO Mentor (900+ Posts, 5200+ Likes)

One serious concern about this IPO.....

S P Tulsian has given 'subscribe' rating.

So , take care.

Thanks.

131.5. amit K singh Aug 5, 2019 16:00

6 |

Has Ha.., sure we understand now to take opposite route to SPT's direction...

131.6. Best wishes Aug 8, 2019 19:10

4 |

@ Aniketiaf sir,
Hav u applied in this.

131.7. Aniketiaf Aug 9, 2019 05:16

20 |

IPO Mentor (900+ Posts, 5200+ Likes)

Applied and confident of positive listing.

131.8. crsl Aug 19, 2019 10:58

6 |

Overconfidence.........................
trading at 15% discount

131.9. shivani Aug 19, 2019 11:03

listed with much gain truly
party banti hai

131.10. ammubutter Aug 19, 2019 11:59

3 |

Top Contributor (200+ Posts, 200+ Likes)

Seeing Ur message may....be that 32 people who liked Ur post must have surely applied.......I'm not in that category........what made u that the listing will surprise?.......

131.11. Best wishes Aug 19, 2019 20:06

20 |

Those who are crying about tepid listing, who are also criticizing Aniketiaf sir. Btw listing @ 825 just 3% down.
It's only Aniketiaf sir who was confident of positive listing after such a very poor subscription figure. See today's high 866.
Now I am dam sure the 10% profit target of Aniketiaf sir will be achieved within 07 days.

131.12. crsl Aug 20, 2019 07:13

17 |

1. No one apply in IPO for discount listing (even 3% discount, within half hour 22% discount)
2. Who applied in IPO got shares @856, but one can buy around 725 i.e. 18% less which can be considered as profit in single day.
3. High above 856 is around 2.00pm only for 5 min, but before around 10.30am it is 700. trading below 750 for two hours.

131.13. amit K singh Aug 21, 2019 09:36

21 |

This IPO is done and dusted. It's failed overall from ipo listing gain perspective. Now any target to be achieved or not achieved , leave it to secondary market .

131.14. Market first Aug 28, 2019 15:40

6 |

Sold 09 lots at 930, kept 01 lot for long term.
Thanks to Aniketiaf sir for his timely suggestions.

131.15. Aniketiaf Oct 10, 2019 11:35

3 |

IPO Mentor (900+ Posts, 5200+ Likes)

Spandana Sphoorty crossed 1000

131.16. Aniketiaf Oct 11, 2019 10:10

1 |

IPO Mentor (900+ Posts, 5200+ Likes)

Finally Spandana sphoorty achieved my medium term target of 1050 at much lesser time.
Sold 80% of my holding. Kept 20% for a target of 1200+
Thanks.

131.17. Aniketiaf Oct 14, 2019 15:35

IPO Mentor (900+ Posts, 5200+ Likes)

Today Spandana sphoorty crossed 1125

130. Aniketiaf Oct 11, 2019 10:09

1 |

IPO Mentor (900+ Posts, 5200+ Likes)

Finally Spandana sphoorty achieved my medium term target of 1050 at much lesser time.
Sold 80% of my holding. Kept 20% for a target of 1200+

129. Aniketiaf Sep 21, 2019 09:32

15 |

IPO Mentor (900+ Posts, 5200+ Likes)

There are only 20 Nifty companies which paid more than 30 percent effective tax rate .
These 20 company is most beneficial of tomorrow's FM announcement.
Fall in taxes will lead to a rise in EPS by double digits .
My top five from this list is HDFC bank, Bajaj finance, ITC, Kotak bank, Ashian paint/Britannia.
Thanks.

128. Aniketiaf Sep 14, 2019 22:18

18 |

IPO Mentor (900+ Posts, 5200+ Likes)

"GoAir" the country's fourth largest airline by market share, is looking to raise close to Rs 5,000 crore through its initial public offer (IPO). Sources close to the matter claim that the airline is looking to dilute around 25% or more for the same. The airline has appointed Morgan Stanley, JM Financial, ICICI Securities and Citi as lead bankers for its public issue.

128.1. Aniketiaf Sep 14, 2019 22:31

9 |

IPO Mentor (900+ Posts, 5200+ Likes)

aiming for a listing in February/March 2020.

127. Eagleye Sep 3, 2019 18:17

4 |

IPO Guru (4800+ Posts, 16000+ Likes)

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 30th August 2019)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Indian Railway Catering & Tourism Corp. >>> DRHP date 22-Aug-19
2) Ujjivan Small Finance Bank >>> DRHP date 16-Aug-19
3) CSB Bank >>> DRHP date 09-Aug-19
4) Chemcon Speciality Chemicals >>> DRHP date 08-Aug-19
5) Mazagaon Dock Shipbuilders >>> DRHP date 06-Aug-19
6) Indian Renewable Energy Development Agency >>> DRHP date 31-Jul-19
7) Shyam Steel Industries >>> DRHP date 04-Jun-19
8) Bajaj Energy >>> DRHP date 05-Apr-19
9) Reliance General Insurance Co. >>> DRHP date 08-Feb-19
10) Shri Bajrang Power and Ispat>>> DRHP date 12-Sep-18

B) SEBI Approval *Received* *(within the past 5 months)*:

1) Angel Broking >>> SEBI Approval 26-July-19
2) Annai Infra Developers >>> SEBI Approval 12-July-19
3) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
4) Powerica >>> SEBI Approval 07-June-19
5) Penna Cement Industries >>> SEBI Approval 31-May-19
6) Emami Cement >>> SEBI Approval 15-May-19
7) Shriram Properties >>> SEBI Approval 09-Apr-19

C) SEBI Approval *Received* *(>5 months ago)*:

8) T & T Infra >>> SEBI Approval 22-Mar-19
9) Coldex >>> SEBI Approval 15-Mar-19
10) Antony Waste Handling >>> SEBI Approval 08-Mar-19
11) Senco Gold >>> SEBI Approval 06-Mar-19
12) Heranba Industries >>> SEBI Approval 22-Feb-19
13) Vishwaraj Sugar Industries >>> SEBI Approval 15-Feb-19
14) Uniparts India >>> SEBI Approval 01-Feb-19
15) Stove Kraft >>> SEBI Approval 23-Jan-19
16) Chartered Speed >>> SEBI Approval 11-Jan-19
17) Narmada Biochem >>> SEBI Approval 02-Jan-19

D) SEBI Approval *Received* *(>8 months ago)*:

18) Prince Pipes and Fittings >>> SEBI Approval 28-Dec-18
19) Studds Accessories >>> SEBI Approval 14-Dec-18
20) Shyam Metallics and Energy >>> SEBI Approval 07-Dec-18
21) Flair Writing Industries >>> SEBI Approval 30-Nov-18
22) Neccon Power & Infra >>> SEBI Approval 29-Nov-18
23) Inventia Healthcare >>> SEBI Approval 22-Nov-18
24) Xelpmoc Design and Tech >>> SEBI Approval 20-Nov-18
25) Zircon Technologies >>> SEBI Approval 12-Nov-18
26) Sansera Engineering >>> SEBI Approval 12-Nov-18
27) Mrs.Bectors Food Specialities >>> SEBI Approval 09-Nov-18
28) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18

E) SEBI Approval *Received* *(>10 months ago)*:

29) AGS Transact Technologies >>> SEBI Approval 26-Oct-18
30) Harsha Engineers >>> SEBI Approval 19-Oct-18
31) Dodla Dairy >>> SEBI Approval 17-Oct-18
32) Bharat Hotels >>> SEBI Approval 12-Oct-18
33) ASK Investment Managers >>> SEBI Approval 05-Oct-18
34) Muthoot Microfin >>> SEBI Approval 05-Oct-18
35) Puranik Builders >>> SEBI Approval 05-Oct-18
36) Nihilent >>> SEBI Approval 01-Oct-18
37) Aakash Educational Services >>> SEBI Approval 28-Sep-18
38) Ami Organics >>> SEBI Approval 28-Sep-18
39) Century Metal Recycling >>> SEBI Approval 27-Sep-18
40) Anmol Industries >>> SEBI Approval 21-Sep-18

127.1. amit K singh Sep 4, 2019 19:56

Good info. It seems Bajaj energy received Sebi approval yesterday for 5450 crore ipo.

Is any of the IPOs hitting market anytime soon?

126. VISHU BVN Sep 3, 2019 12:14

will hit 950 soon

125. Roxpatel Aug 28, 2019 13:27

934 of high today, anyone still holding with me?

125.1. Market first Aug 28, 2019 15:42

4 |

Yes. Holding 01 lot. Sold 09 lot today.

124. bimal patel Aug 28, 2019 12:29

Its a mistake to sold at this price.Again I am repeating it will 1200 to 1300 after 3 to 4 months

123. KVR Krishna Aug 28, 2019 12:01

Sold 2 lots (34 shares) @ 920/- on 28/Aug/2019.

122. Anarchist Aug 22, 2019 20:00

9 |

IPO Mentor (500+ Posts, 1400+ Likes)

In the meanwhile one can't wait for Mazgaon Dock to be put on the block.That's going to be one heck of an IPO event, perhaps the IPO event of the century.

122.1. 👉 IPO Janadesh 💃 Aug 26, 2019 09:13

5 |

IPO Mentor (700+ Posts, 1700+ Likes)

IRCTC could be the next in this list.Railway after shipping.

121. Aniketiaf Aug 25, 2019 09:07

13 |

IPO Mentor (900+ Posts, 5200+ Likes)

IRCTC files for IPO, eyes up to ₹600 crore.
The proposed share sale is part of the government's plans to take rail entities public.

120. Cautious ipo Aug 7, 2019 11:02

23 |

Fare value 680/715

120.1. Kick Aug 7, 2019 11:50

23 |

You will get in secondary market even at lower price

120.2. Cautious ipo Aug 19, 2019 20:20

23 |

Test 690 today fair value for ipo price

119. Roxpatel Aug 18, 2019 12:34

5 |

Don't sell immediately after listing, wait till 12:30pm

Load more comments (1 replies)

119.2. Cautious ipo Aug 19, 2019 13:45

2 |

Now 852....

119.3. Roxpatel Aug 19, 2019 18:56

1 |

@Adix, its because high selling pressure with fear was in fire, and second no buyer interested to buy.
All the best for tomorrow who are still holding, we'll see 854-855 at opening, and fingers crossed for up move..!

118. Fakhri Aug 19, 2019 14:41

3 |

Great show by this IPO, it fell so much but recovered on the same day.. great just great

117. Regulagedda Ambica Prasad Aug 19, 2019 14:28

1 |

Smart and lucky ones are those who bought at 650 levels today.

116. LUCKY SINGAL Aug 19, 2019 13:34

From 93 lacs shares only 16 lace were trading because of lower subscription so I think it will be on right track shortly.

115. Prabahar P M Aug 7, 2019 12:53

5 |

Figures (No. of subscription) getting reduced suddenly. So, people withdrawing applications?

Load more comments (3 replies)

115.4. Devenblt Aug 19, 2019 10:31

Sir
One time u say that we will apply online ipo in minor ac threw icici bank net banking

Please explain this

115.5. BLR Aug 19, 2019 12:33

@ Devenblt

ICICI bank not allowd to place order through netbanking for minor account . You need to download the application form from BSE site and submit at ICICI bank . They will accept your form and bidding will be done at ICICI bank itself ( ASBA) .you no need to go to the broker .

114. IamAnkit Aug 19, 2019 09:54

Any exit plan? When should we exit? At what price?

114.1. Roxpatel Aug 19, 2019 10:18

2 |

Most of the sellers gone, now lets see till 12:30pm

113. KING VINOD Aug 19, 2019 09:46

1 |

IPO Guru (1100+ Posts, 2200+ Likes)

Equilibrium Price settled at @ 825 in NSE down 31 points ( Listing discount at 3.62% )

112. kenil Aug 19, 2019 09:45

825

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Spandana Sphoorty Financial Ltd IPO (Spandana Sphoorty IPO) Detail

Company Products

Competitive Strengths

Company Promoters:

Company Financials:

Objects of the Issue:

Spandana Sphoorty IPO Details

Spandana Sphoorty IPO Tentative Date / Timetable

Spandana Sphoorty IPO Lot Size and Price (Retail)

Spandana Sphoorty IPO Promoter Holding

Offer Size Allocated

Spandana Sphoorty IPO Subscription Status (Bidding Detail)

Spandana Sphoorty IPO Prospectus

Spandana Sphoorty IPO Rating

Spandana Sphoorty IPO Listing Date

Listing Day Trading Information

Spandana Sphoorty IPO Reviews / Ratings

Company Contact Information

Spandana Sphoorty IPO Registrar

Spandana Sphoorty IPO Lead Manager(s)

Spandana Sphoorty IPO FAQs

1. What is Spandana Sphoorty IPO?

2. When Spandana Sphoorty IPO will open?

3. How to apply for Spandana Sphoorty IPO?

4. When Spandana Sphoorty IPO allotment?

5. When is Spandana Sphoorty IPO listing date?

Find Spandana Sphoorty IPO Latest Update

Spandana Sphoorty IPO Review / Comments