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

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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
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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

    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]
    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]

    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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