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

IPO Opening Date Aug 5, 2019
IPO Closing Date Aug 7, 2019
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹853 to ₹856 per equity share
Market Lot 17 Shares
Min Order Quantity 17 Shares
Listing At BSE, NSE
Issue Size14,046,056 Eq Shares of ₹10
(aggregating up to ₹1,202.34 Cr)
Fresh Issue4,689,331 Eq Shares of ₹10
(aggregating up to ₹400.00 Cr)
Offer for Sale9,356,725 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Spandana Sphoorty IPO Tentative Timetable

The Spandana Sphoorty IPO open date is Aug 5, 2019, and the close date is Aug 7, 2019. The issue may list on Aug 19, 2019.

IPO Open Date Aug 5, 2019
IPO Close Date Aug 7, 2019
Basis of Allotment Date Aug 14, 2019
Initiation of Refunds Aug 14, 2019
Credit of Shares to Demat Account Aug 16, 2019
IPO Listing Date Aug 19, 2019

Spandana Sphoorty IPO Lot Size

The Spandana Sphoorty IPO market lot size is 17 shares. A retail-individual investor can apply for up to 13 lots (221 shares or ₹189,176).

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 Review

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...

Spandana Sphoorty IPO Subscription Status (Bidding Detail)

The Spandana Sphoorty IPO is subscribed 1.05 times on 8/7/2019 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)

CategorySubscription (times)

Spandana Sphoorty IPO Prospectus

Spandana Sphoorty IPO Rating

Rating:Rated 4.0 stars
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Spandana Sphoorty IPO Listing Date

Listing Date Monday, August 19, 2019
BSE Script Code 542759
Listing In B Group of Securities
ISIN INE572J01011
IPO Price ₹856 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

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

Spandana Sphoorty IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

Spandana Sphoorty IPO FAQs

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 equity share. The minimum order quantity is 17 Shares.

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

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Spandana Sphoorty IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

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

Spandana Sphoorty IPO Message Board

Ranked Members  Ranked Members



131. Aniketiaf |Oct 11, 2019 11:09:11 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ 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+
130. Aniketiaf |Sep 21, 2019 10:32:34 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ 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.
129. Aniketiaf |Sep 14, 2019 11:18:20 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ 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.
129.1. Aniketiaf |Sep 14, 2019 11:31:09 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
aiming for a listing in February/March 2020.
128. Eagleye |Sep 3, 2019 7:17:59 PM
IPO Guru IPO Guru (6100+ Posts, 20200+ Likes)
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
128.1. amit K singh |Sep 4, 2019 8:56:15 PM
IPO Mentor IPO Mentor (700+ Posts, 1300+ Likes)
Good info. It seems Bajaj energy received Sebi approval yesterday for 5450 crore ipo.

Is any of the IPOs hitting market anytime soon?
127. VISHU BVN |Sep 3, 2019 1:14:42 PM
will hit 950 soon
126. Roxpatel |Aug 28, 2019 2:27:01 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
934 of high today, anyone still holding with me?
126.1. Market first |Aug 28, 2019 4:42:25 PM
Yes. Holding 01 lot. Sold 09 lot today.
125. bimal patel |Aug 28, 2019 1:29:08 PM
Its a mistake to sold at this price.Again I am repeating it will 1200 to 1300 after 3 to 4 months
124. KVR Krishna |Aug 28, 2019 1:01:21 PM
Sold 2 lots (34 shares) @ 920/- on 28/Aug/2019.
123. Anarchist |Aug 22, 2019 9:00:19 PM
IPO Mentor 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.
123.1. ???? IPO Janadesh ???? |Aug 26, 2019 10:13:42 AM
IPO Guru IPO Guru (1000+ Posts, 2500+ Likes)
IRCTC could be the next in this list.Railway after shipping.
122. Aniketiaf |Aug 25, 2019 10:07:52 AM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
IRCTC files for IPO, eyes up to Rs 600 crore.
The proposed share sale is part of the government's plans to take rail entities public.
121. Roxpatel |Aug 18, 2019 1:34:24 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Don't sell immediately after listing, wait till 12:30pm
121.2. Cautious ipo |Aug 19, 2019 2:45:09 PM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Now 852....
121.3. Roxpatel |Aug 19, 2019 7:56:50 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
@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..!
120. Fakhri |Aug 19, 2019 3:41:00 PM
Great show by this IPO, it fell so much but recovered on the same day.. great just great
119. Regulagedda Ambica Prasad |Aug 19, 2019 3:28:03 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Smart and lucky ones are those who bought at 650 levels today.
118. LUCKY SINGAL |Aug 19, 2019 2:34:46 PM
From 93 lacs shares only 16 lace were trading because of lower subscription so I think it will be on right track shortly.
117. IamAnkit |Aug 19, 2019 10:54:41 AM
Any exit plan? When should we exit? At what price?
117.1. Roxpatel |Aug 19, 2019 11:18:19 AM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Most of the sellers gone, now lets see till 12:30pm
116. KING VINOD |Aug 19, 2019 10:46:04 AM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
Equilibrium Price settled at @ 825 in NSE down 31 points ( Listing discount at 3.62% )
115. kenil |Aug 19, 2019 10:45:13 AM
114. Carn Mohan |Aug 19, 2019 10:25:53 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Listing 650
113. Johny |Aug 19, 2019 8:45:29 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
All the best to all the allottees!
112. ammubutter |Aug 18, 2019 11:33:52 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Be prepared for tepid listing........the people who applied really had they must be having guts to experience the mokkai listing too