Spandana Sphoorty Financial Ltd IPO Detail
Spandana Sphoorty Financial Ltd is a rural area focused NBFC-Microfinance Institution. It is engaged in offering small-ticket unsecured loans to help the women in the low-income bracket in rural and urban areas. The company provides income generation loans, business loans and loans against gold jewelry.
The Spandana Sphoorty IPO is a Book Building IPO which opens on Aug 5, 2019, and closed on Aug 7, 2019. The price band for the IPO shares is set between Rs 853 to Rs 853. And the subscription will close at 5 PM on Aug 7, 2019. (Note: But most brokers stop accepting application between 1 PM to 3 PM.) The Size of IPO is 14046056 Equity Shares of ₹10 aggregating up to ₹1,200.94 Cr.
Spandana Sphoorty IPO Details:
| Issue Open | Aug 5, 2019 – Aug 7, 2019 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 14,046,056 Eq Shares of Rs 10 (aggregating up to Rs 1,200.94 Cr) |
| Fresh Issue | 4,689,331 Eq Shares of Rs 10 (aggregating up to Rs 400.00 Cr) |
| Offer for Sale | 9,356,725 Eq Shares of Rs 10 (aggregating up to Rs [.] Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 853 – Rs 856 Per Equity Share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
Spandana Sphoorty IPO Tentative Date / Timetable:
| Bid/Offer Opens On | Aug 5, 2019 |
| Bid/Offer Closes On | Aug 7, 2019 |
| Finalization of Basis of Allotment | Aug 14, 2019 |
| Initiation of Refunds | Aug 14, 2019 |
| A credit of Shares to Demat Acct: | Aug 16, 2019 |
| IPO Shares Listing Date: | Aug 19, 2019 |
Spandana Sphoorty IPO Promoter Holding
| Pre Issue Share Holding | 81.21% |
| Post Issue Share Holding | 62.6% |
Offer Size Allocated
QIB Portion: 50% of the offer;
Retail Portion: 35% of the offer
NII Portion: 15% of the offer
Spandana Sphoorty IPO Prospectus
Spandana Sphoorty IPO Subscription Status Live
Several Times Issue Subscribed BSE and NSE.
| Day | Date | QIB | NII | RII | Total |
| 1 | Aug 5, 2019, 17:00 | 0.19x | 0.00x | 0.00x | 0.06x |
| 2 | Aug 6, 2019, 17:00 | 0.86x | 0.21x | 0.03x | 0.30x |
| 3 | Aug 7, 2019, 18:00 | 3.11x | 0.55x | 0.09x | 1.05x |
Spandana Sphoorty IPO Shares Offered
| QIB | NII | RII | Total |
| 2,799,338 | 2,106,909 | 4,916,120 | 9,822,367 |
The above table gives you regarding the subscription status of Spandana Sphoorty IPO, whether subscribers subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when a public issue is open. Spandana Sphoorty IPO oversubscribed if bids are received for more shares than what is offered by the company. Last but not least you can get the three days IPO status in BSE and NSE.
Spandana Sphoorty IPO Registrar
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: [email protected]
Website: https://karisma.karvy.com/
3 Comments
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