Unlocking the Potential of Spandana Sphoorty Financial Limited’s IPO


Spandana Sphoorty Financial Limited IPO Detail

Spandana Sphoorty Financial Limited was founded by Mrs. Padmaja Reddy in 1998 as a Society which was later transformed into an NBFC and subsequently as NBFC MFI.

Mrs. Reddy, the Promoter and Managing Director of Spandana prior to founding Spandana used to work with an NGO in Andhra Pradesh.

Today the organisation has expanded its roots to 15 states across India with its Head Office in Hyderabad.

It has over 600 branches and over 3800 employees working at Corporate office and branches.

It is engaged in offering small-ticket unsecured loans to help the women in the low-income bracket in rural and urban areas.

In addition company provides income generation loans, business loans and loans against gold jewellery.

The Rs 1,200 crore initial public offering (IPO) of Spandana Sphoorty Financial will hit the market on Monday.

They have Geographically diversified business operations Across India . You can click here to know more about what exactly is IPO ?

Spandana Sphoorty Financial IPO Date

Opening Day of IPO – Aug 5, 2019

Closing date of IPO – Aug 7, 2019

Spandana Sphoorty Financial Limited Products

Abhilasha (JLG Loans) : This unique loan is designed especially for low-income households .

Loans Against Property (LAP) : Loan Against Property known as LAP.

Phinix Loans : Products are designed for the welfare and economic upliftment of the rural population majorly women.

Company Promoters

Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.

Spandana Sphoorty Financial Limited Financial Summary

Amount (in INR & Millions)
Total Assets49,317.0737,642.4719,286.2220,998.9523,524.6921718.48
Total Revenue10,430.965,873.063,770.643,488.063,254.062771.07
Total Expense5,750.573,048.303,435.662,294.652,195.242189.79
Profit After Tax3,119.001,879.464,434.142,432.351,050.99580.58
Spandana Sphoorty Financial Limited IPO Detail
Issue Period05-Aug-2019 to 07-Aug-2019
Post issue Modification Period08-Aug-2019 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation08-Aug-2019 (upto 12:00 PM)
Issue SizeInitial Public offer of [.] Equity Shares comprising a Fresh Issue of Rs 4000 Million and an Offer for Sale of 9,356,725 Equity Shares (including anchor portion of 4,208,886 Equity Shares)
Issue Type100% Book Building
Price RangeRs.853 to Rs.856
Face ValueRs 10
Tick SizeRe 1
Bid Lot17 Equity Shares and in multiples thereof
Minimum Order Quantity17 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Maximum Bid Quantity for QIB Investors9,822,362 Equity Shares in multiple of 17 Equity Shares
Maximum Bid Quantity for NIB Investors7,023,023 Equity Shares in multiple of 17 Equity Shares
IPO Market Timings10.00 a.m. to 5.00 p.m.
Book Running Lead ManagersIndusInd Bank Limited and YES Securities (India) Limited
Global Co-Ordinators And Book Running Lead ManagersAxis Capital Limited, ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited
Sponsor BankICICI Bank Limited
Self Certified Syndicate Banks (SCSBs) eligible as Issuer Banks for UPIIssuer Banks for UPI
CategoriesFI, IC, MF, FII, OTH, CO, IND and NOH
Name of the RegistrarKarvy Fintech Private Limited
Address of the RegistrarKarvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500 032
Contact person name number and Email idM. Murali Krishna,+91 40 6716 2222, spandana.ipo@karvy.com

Earnings per Equity Share (in Millions)

Basic EPS in Rs53.4642.52216.93119.3451.8829.95
Diluted EPS in Rs.53.3542.515.482.941.230.63

Industry P/E Ratio


Competitive Peers

CompanyStandalone/ConsolidatedEPS in Rs.P/E ratioNAV per share in Rs.RoNWFace value per share
Bharat Financial
Inclusion Limited
Satin Creditcare
Network Limited

Company Contact Information

Spandana Sphoorty Financial Ltd
Plot No: 31 & 32,
Ramky Selenium Towers, Tower A, Ground Floor,
Financial District, Nanakramguda,Hyderabad 500 032Phone: +91 40 4812 6666
Email: secretarial@spandanaindia.com
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Disclaimer : This is for information only , do not take it as any recommendation .