Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Spandana Sphoorty IPO is a book built issue of Rs 1,202.34 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 0.94 crore shares.
Spandana Sphoorty IPO bidding started from August 5, 2019 and ended on August 7, 2019. The allotment for Spandana Sphoorty IPO was finalized on Wednesday, August 14, 2019. The shares got listed on BSE, NSE on August 19, 2019.
Spandana Sphoorty IPO price band is set at ₹853 to ₹856 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹14,552.
Axis Capital Limited, ICICI Securities Limited, Iifl Securities Ltd, Indusind Bank Limited, Jm Financial Limited and Yes Securities (India) Limited are the book running lead managers of the Spandana Sphoorty IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Spandana Sphoorty IPO RHP for detailed information.
| IPO Date | August 5, 2019 to August 7, 2019 |
| Listing Date | August 19, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹853 to ₹856 per share |
| Lot Size | 17 Shares |
| Total Issue Size | 14,046,056 shares (aggregating up to ₹1,202.34 Cr) |
| Fresh Issue | 4,689,331 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 9,356,725 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Spandana Sphoorty IPO offers 14,046,056 shares. 7,023,027 (50.00%) to QIB, 2,106,909 (15.00%) to NII, 4,916,120 (35.00%) to RII. 289,183 RIIs will receive minimum 17 shares and (sNII) and (bNII) will receive minimum 238 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 7,023,027 (50.00%) | NA |
| NII (HNI) Shares Offered | 2,106,909 (15.00%) | |
| Retail Shares Offered | 4,916,120 (35.00%) | 289,183 |
| Total Shares Offered | 14,046,056 (100%) |
Spandana Sphoorty IPO opens on August 5, 2019, and closes on August 7, 2019.
| IPO Open Date | Monday, August 5, 2019 |
| IPO Close Date | Wednesday, August 7, 2019 |
| Basis of Allotment | Wednesday, August 14, 2019 |
| Initiation of Refunds | Wednesday, August 14, 2019 |
| Credit of Shares to Demat | Friday, August 16, 2019 |
| Listing Date | Monday, August 19, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 7, 2019 |
Investors can bid for a minimum of 17 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,552 |
| Retail (Max) | 13 | 221 | ₹189,176 |
| Lot Size Calculator | |||
Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.
| Share Holding Pre Issue | 81.21% |
| Share Holding Post Issue | 62.6% |
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.
| 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 | |
The Net Proceeds of the Fresh Issue are proposed to be utilised for:
1. Augmenting the capital base and
2. General corporate purposes
[Dilip Davda] SSFL is the most efficient micro-finance company with a cost to income ratio of 25% and the industry-leading opex ratio of 4.6% for FY19. Its AUM posted 85% CAGR and PBT posted 222% CAGR in last two years with just 0.01% NPAs as on 31.03.19. SSFL offer appears cheap against its close peer CAGL. Considering these, investors may consider investment for the long term. Read detail review...
The Spandana Sphoorty IPO is subscribed 1.05 times on August 7, 2019 6:00:00 PM. The public issue subscribed 0.09 times in the retail category, 3.11 times in the QIB category, and 0.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.11 |
| NII | 0.55 |
| Retail | 0.09 |
| Total | 1.05 |
QIB Portion: 50% of the offer;
Retail Portion: 35% of the offer
NII Portion: 15% of the offer
| Listing Date | August 19, 2019 |
| BSE Script Code | 542759 |
| NSE Symbol | SPANDANA |
| ISIN | INE572J01011 |
| Final Issue Price | ₹856 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹856.00 |
| ₹824.00 |
| ₹690.00 |
| ₹865.00 |
| ₹848.40 |
| NSE |
|---|
| ₹856.00 |
| ₹825.00 |
| ₹691.10 |
| ₹866.00 |
| ₹847.80 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: spandana.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Spandana Sphoorty IPO is a main-board IPO of 14,046,056 equity shares of the face value of ₹10 aggregating up to ₹1,202.34 Crores. The issue is priced at ₹853 to ₹856 per share. The minimum order quantity is 17 Shares.
The IPO opens on August 5, 2019, and closes on August 7, 2019.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Spandana Sphoorty IPO opens on August 5, 2019 and closes on August 7, 2019.
Spandana Sphoorty IPO lot size is 17 Shares, and the minimum amount required is ₹14,552.
You can apply in Spandana Sphoorty IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Spandana Sphoorty IPO will be done on Wednesday, August 14, 2019, and the allotted shares will be credited to your demat account by Friday, August 16, 2019. Check the Spandana Sphoorty IPO allotment status.
Top Contributor (400+ Posts, 200+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (1800+ Posts, 10200+ Likes)
IPO Mentor (600+ Posts, 700+ Likes)
Sold 80% of my holding. Kept 20% for a target of 1200+