Spandana Sphoorty Financial Ltd IPO Details

Spandan is a Sankrit word and it means Response. As Spandana was born in response to a problem, the Organisation was named as Spandana. Spandana is a public limited company registered with Reserve Bank of India (RBI) as an NBFC MFI. Started in 1998, within five years, by 2003, it grew to the largest Micro finance Institution in India and 6th largest across globe. In its peak, Spandana had 1,856 Branches with presence in 10 states and work force of over 13,500 employees. 

While working with this organisation, she happened to meet a rag picker and in her interactions with her, she came to know that the rag picker earns about Rs.60 per day, of which she was paying Rs.10 per day towards rent for the cart and Rs.30 towards interest on the loan and she is left with meagre income of Rs.20 per day. 

She paid over Rs.40,000 rent for a cart that would have costed Rs.1,500- had she bought the same. She also said that she was borrowing Rs.270 everyday and paying back Rs.300 on the same day to the money lender and she was obligated to sell the scrap to him at a price dictated by him which is lower than the market price..

Spandana Sphoorty Financial Ltd IPO Details
Issue Open	05-08-2019
Issue Close	07-08-2019
Allotment Date	13-08-2019
Unblocked Amount	14-08-2019
Listing Date	15-08-2019
Issue Size	1,40,46,056 Total Equity Share 46,89,331 Fresh Issue Equity Share 93,56,725 OFS Equity Share
Issue Size	₹ 1200.94 Cr ₹ 400 Cr Fresh ₹ - Cr OFS
IPO Price Band	₹ 853 - 856
Minimum Share Bid	17
Minimum Investment Amount [₹]	₹ 14,552
Face Value	₹ 10
Qualified Institutional Buyer [QIB]	50%
High Networth Individual [HNI]	15%
Retail Individual Investor [RII]	35%
Listing On	BSE & NSE

Spandana Sphoorty Financial Ltd IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
31-07-2019 : 08:00 AM	-	300	1500	Apply

Spandana Sphoorty Financial Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Asset	Total Revenue	Total Expenses	Profit After Tax
FY-2014	2171.84	277.10	218.98	58.05
FY-2015	2349.83	328.63	220.55	107.29
FY-2016	2097.80	351.34	228.75	246.49
FY-2017	2414.63	364.20	310.80	42.05
FY-2018	3577.93	572.59	344.88	170.39
FY-2019	-	-	-	-

Spandana Sphoorty Financial Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 59.71
Price/Earnings [P/E] Ratio	31.5
Return on Net Worth [RoNW]	17.31 %
Net Asset Value [NAV]	₹ -54.15 Per Share

Spandana Sphoorty Financial Ltd IPO Subscription Details
As on Date	QIB	NII	RII	Total
Shared Offered	27,99,338	21,06,909	49,16,120	98,22,367
Day-1 [05-08-2019]	5,25,691 [0.19]	1904 [0.00]	43,690 [0.01]	5,71,285 [0.05]
Day-2 [06-08-2019]	23,94,858 [0.86]	4,48,477 [0.21]	1,46,098 [0.03]	29,89,433 [0.31]
Day-3 [07-08-2019]	86,94,242 [3.11]	11,68,087 [0.55]	4,65,256 [0.10]	1,03,27,585 [1.05]

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Spandana Sphoorty Financial Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral

Spandana Sphoorty Financial Ltd IPO Contact Details
Spandana Sphoorty Financial Ltd Plot No: 31 & 32, Ramky Selenium Towers, Tower A, Ground Floor, Financial District, Nanakramguda, Hyderabad 500 032, Telangana, India Tel: +91 40 4812 6666 Fax: +91 40 4438 6640 E-mail: secretarial@spandanaindia.com Website: www.spandanaindia.com

Registrar of Spandana Sphoorty Financial Ltd IPO
Karvy Computershare Private Limited Karvy Selenium Tower B Plot 31-32, Gachibowli Financial District, Nanakramguda Hyderabad 500 032 Telangana, India Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 E-mail: spandana.ipo@karvy.com Investor grievance E-mail:einward.ris@karvy.com Website: www.karisma.karvy.com Contact Person: M. Murali Krishna SEBI Registration No.: INR000000221

Lead Managers of Spandana Sphoorty Financial Ltd IPO

Axis Capital Limited 8th Floor, Axis House C 2 Wadia International Centre P. B. Marg, Worli Mumbai 400 025 Maharashtra, India Tel : +91 22 4325 2183 Fax : +91 22 4325 3000 E-mail: ssfl.ipo@axiscap.in Investor grievance E-mail: complaints@axiscap.in Website: www.axiscapital.co.in Contact Person: Simran Gadh SEBI Registration No.:INM000012029 ICICI Securities Limited ICICI Centre, H. T. Parekh Marg Churchgate Mumbai 400 020 Maharashtra, India Tel: +91 22 2288 2460 Fax: +91 22 2282 6580 E-mail: spandana.ipo@icicisecurities.com Investor grievance E-mail: customercare@icicisecurities.com Website: www.icicisecurities.com Contact Person: Shekher Asnani / Rupesh Khant SEBI Registration No.:INM000011179 IIFL Holdings Limited 10th Floor, IIFL Centre, Kamala City, Senapati Bapat Marg Lower Parel (West) Mumbai 400 013 Maharashtra, India Tel: +91 22 4646 4600 Fax: +91 22 2493 1073 E-mail:spandanaipo@iiflcap.com Investor grievance E-mail: ig.ib@iiflcap.com Website: www.iiflcap.com Contact Person: Vishal Bangard/ Pranay Doshi SEBI Registration No.:INM000010940 JM Financial Limited 7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi Mumbai 400 025 Maharashtra, India Tel: +91 22 6630 3030 Fax: +91 22 6630 3330 E-mail: ssfl.ipo@jmfl.com Investor grievance E-mail: grievance.ibd@jmfl.com Website: www.jmfl.com Contact Person: Prachee Dhuri SEBI Registration No.:INM000010361 IndusInd Bank Limited 11th Floor, One Indiabulls Centre Tower 1, 841 Senapati Bapat Marg Elphinstone Road Mumbai 400 013 Maharashtra, India Tel: +91 22 7143 2208 Fax: +91 22 7143 2270 E-mail: joshi.rahul@indusind.com Investor grievance E-mail: investmentbanking@indusind.com Website: www.indusind.com Contact Person: Rahul Joshi SEBI Registration No.: INM000005031 YES Securities (India) Limited IFC, Tower 1 & 2, Unit No. 602 A, 6th Floor, Senapati Bapat Marg Elphinstone (West) Mumbai 400 013 Maharashtra, India Tel: +91 22 3012 6776 Fax: +91 22 2421 4508 E-mail: spandana.ipo@yessecuritiesltd.in Investor Grievance E-mail:igc@yessecuritiesltd.in Website: www.yesinvest.in Contact Person: Nikhil Bhiwapurkar SEBI Registration No.:INM000012227

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