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Mainline IPO
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Rossari Biotech Ltd IPO Details 13-07-2020 15-07-2020 ₹ 496.49 Cr ₹ 423-425 33 ₹ 14,025 Available
SME IPO
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status

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]
Spandana Sphoorty Financial Ltd IPO Grey Market Premium
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Spandana Sphoorty Financial Ltd IPO Allotment Status
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Download Spandana Sphoorty Financial Ltd IPO DRHP & ASBA e-Forms
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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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