Spandana Sphoorty Financial Ltd IPO Detail

Spandana Sphoorty Financial Ltd IPO Detail

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

Draft Prospectus

Red Herring 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/

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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