Spandana IPO
Spandana Sphoorty Financial Ltd IPO

Spandana Sphoorty Financial Ltd IPO (Spandana Sphoorty IPO)

Spandana Sphoorty Financial Ltd is an NBFC-Microfinance Institution that is focused in the rural areas. Incorporated in 2003, In order to help the women in the low-income range, Spandana Sphoorty is involved in offering small-ticket and unsecured loans to them, in rural as well as urban areas. Mrs. Reddy is a founder and serves as the Managing Director and promoter of the company. ... Spandana provides income generation loans, business loans and gold loans, across 15 states in India with a 694 branch network and 4,045 employees. In 2010, Spandana Sphoorty started working under the Corporate Debt Restructuring mechanism of the Reserve Bank of India, to revive its business and restructure the borrowings. In 2017, with the help of Kangchenjunga Ltd and Kedaara AIF-1, the company exited it successfully. read more

Spandana IPO Profile
Issue Open Date Aug 5, 2019
Issue Close Date Aug 7, 2019
Issue Size (Rs cr) 14,046,056 Equity Shares of Rs.10 (aggregating up to Rs.1,202.34 Cr)
Issue Price Rs.853 to Rs.856 Per Equity Share
Listing on BSE, NSE
Issue Type Book Built Issue IPO
Issue Lot Size 17
Minimum Lots 1
Maximum Lots 13
Retail Discount -
Employee Discount -
QIB atleast 50% Equity Share
NII atleast 15% Equity Share
EMP upto - Equity Share
RII atleast 35% Equity Share
Book Value -
Face Value Rs. 10 Per Equity Share
Share Holding Patern

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IPO Over / Undersubcription
Date Issue Price Issue Size (Rs Cr) QIB NII RII EMP Total
Aug 7, 2019 853 - 856 Rs.1,202.34 Cr 3.11x 0.55x 0.09x - 1.05x
Spandana IPO Registerar and Lead Managers
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh, India
  • - Axis Capital Limited
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  • - IndusInd Bank Limited
  • - JM Financial Consultants Private Limited
  • - Yes Securities (India) Limited
Company Services
  • Abhilasha (JLG Loans)

  • Shree Loans

  • Loans Against Property (LAP)

  • Gold Loans (Keertana)

  • Phinix Loans

  • Interim Loans


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