Spandana Sphoorty IPO Dates, Review, Price Band & Market Lot Details

Vijay Prajapati
October 18, 2018

Vijay Prajapati

Spandana Sphoorty Financial ipo to hit the market on 05-August and closes on 07-August. Spandana Sphoorty comes with fresh issue of 400 crore and offer for sale up to 13,146,595 equity shares. The offer for sale includes existing share holders Kedaara Capital Alternative Investment, Helion Venture Partners and Valiant Mauritius Partners. The company incorporated in 1998. Spandana Sphoorty is a rural area focused NBFC-Microfinance Institution founded by Mrs Reddy. Spandana Sphoorty is a micro finance company and has over over 4000 employees in 15 states. The products company offers to clients are 1. Abhilasha (JLG Loans) 2. Shree Loans 3. Loans Against Property (LAP) 4. Gold Loans (Keertana) 5. Phinix Loans and 6. Interim Loans. Checkout Spandana Sphoorty ipo dates, price band and more details.

Spandana Sphoorty IPO Review:

Good for Long Term

Brokerage Firm IPO Reviews:

Axis Capital: None
Centrum Wealth Management: Subscribe
Sharekhan Limited: Subscribe for Long Term
Motilal Oswal: Subscribe for Long Term
S P Tulsian: Subscribe
Capital Market: Subscribe
SPA Financial Advisor Ltd: Subscribe

Spandana Sphoorty IPO Dates & Price Band: (Tentative)

IPO Open:	05-Aug-2019
IPO Close:	07-Aug-2019
IPO Size:	Approx ₹1200 Crore (Approx)
Face Value:	₹10 Per Equity Share
Price Band:	₹853-856 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	13,146,595 Shares

Spandana Sphoorty IPO Market Lot:

Shares: Apply for 17 Shares (Minimum Lot Size)
Amount: ₹14,552

Spandana Sphoorty IPO Allotment & Listing:

Basis of Allotment: 14-August-2019
Refunds: 14-August-2019
Credit to demat accounts: 16-August-2019
Listing: 19-August-2019

Read Also
IPO Grey Market Premium
IPO Subscription Numbers
IPO Listing Date

Spandana Sphoorty Financial:

Rs. in Crore
	Revenue	Expense	PAT
2014	277.1	219.0	58.1
2015	328.6	220.6	107.3
2016	351.3	228.8	246.5
2017	364.2	310.8	42.1
2018	572.6	344.9	170.4

Company Promoters:

Padmaja GangiReddy
Kangchenjunga Limited

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

Spandana Sphoorty IPO Registrar:
Karvy Computershare Private Limited
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
E-mail: [email protected]
Investor grievance E-mail: [email protected]
Website: www.karisma.karvy.com
Note: Check Spandana Sphoorty ipo allotment status on Karvy website allotment url. Click Here

Spandana Sphoorty IPO Lead Managers:

Axis Capital Limited
ICICI Securities Limited
IIFL Holdings Limited
JM Financial Limited
IndusInd Bank Limited
YES Securities (India) Limited

Company Address:
Spandana Sphoorty Limited
Plot No: 31 & 32, Ramky Selenium Towers,
Tower A,Ground Floor, Financial District,
Nanakramguda, Hyderabad 500032
Tel: +91 40 4812 6666
Fax: +9140 4438 6640
Contact Person: Rakesh Jhinjharia
(Company Secretary and Compliance Officer)
E-mail: [email protected]
Website: www.spandanaindia.com

Note: The ipo price band and dates will be added as it will be officially announced. The ipo grey market premium (ipo gmp) will be added on the grey market page as it will start)

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0 Responses

Rahul Sain says:
August 19, 2019 at 5:51 AM
Ye discount per opn hoga as per gmp….??
Unknown says:
August 1, 2019 at 9:17 AM
nice information about ipo
Unknown says:
July 31, 2019 at 11:07 AM
Thank you for giving valuable information.regarding IPO'S