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Spandana Sphoorty IPO Details

Issue Open Aug 5, 2019
Issue Close Aug 7, 2019
IPO Price ₹856
Face Value ₹10
IPO Size ₹1,202.34 Cr
Listing At BSE, NSE
IPO Lot Size 17
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Spandana Sphoorty IPO Date & Price

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

Spandana Sphoorty IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Aug 5, 2019
  • Bid/Offer Closes On: Aug 7, 2019
  • Finalization of Basis of Allotment: Aug 14, 2019
  • Initiation of refunds: Aug 14, 2019
  • Credit of Equity Shares: Aug 16, 2019
  • Listing Date: Aug 19, 2019

Spandana Sphoorty IPO price is set at ₹856 per equity share.

Spandana Sphoorty IPO will close for subscription at 5 PM on Aug 7, 2019. But most brokers stop accepting application between 1 PM to 3 PM.

The Spandana Sphoorty IPO starts on Aug 5, 2019. The issue ends on Aug 7, 2019.

Spandana Sphoorty IPO Issue Size and Subscription Status

The Spandana Sphoorty IPO size is 14046056 Equity Shares of ₹10 aggregating up to ₹1,202.34 Cr.

Spandana Sphoorty Financial Ltd is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for Spandana Sphoorty IPO shares through the banks (using ASBA) or through the broker (using UPI).

Spandana Sphoorty IPO Offer Size

Qualified Institutional Buyers (QIB)7,023,027 Shares
Non-Institutional Investors (NII)2,106,909 Shares
Retail Individual Investor (RII)4,916,120 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size14,046,056 Shares

Spandana Sphoorty IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)3.11 times times
Non-Institutional Investors (NII)0.55 times times
Retail Individual Investor (RII)0.09 times times
Employee Reservations times
Other Reservations times
Total Issue Size1.05 times times

Click here to check the Spandana Sphoorty IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in Spandana Sphoorty IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check Spandana Sphoorty IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

Spandana Sphoorty IPO Allotment and Listing

The Spandana Sphoorty IPO allot status will be available online on Aug 14, 2019. Check the Spandana Sphoorty IPO Allotment Status here.

Click here to check Spandana Sphoorty IPO Allotment Status.

Spandana Sphoorty IPO listing Date is Aug 19, 2019. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The Spandana Sphoorty IPO listing date and time is published by the exchange in a circular.

Click here to view the Spandana Sphoorty IPO Basis of Allotment.

It is hard to say at what price Spandana Sphoorty IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The Spandana Sphoorty IPO shares will list on Aug 19, 2019 at BSE, NSE.

Spandana Sphoorty IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about Spandana Sphoorty IPO which could help you with questions like Spandana Sphoorty IPO buy or not? You should also read Spandana Sphoorty IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

Spandana Sphoorty IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the Spandana Sphoorty IPO performance. The performance reports are available 1 day after listing.