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SPANDANAEQ / NSE, BSEListed
Spandana Sphoorty Financial

Spandana Sphoorty Financial Ltd, incorporated in 2003, is a microfinance institution focused on rural areas and operates as a Non-Banking Financial Company (NBFC). Founded by Mrs. Reddy, who also serves as the Managing Director and promoter, the company primarily offers small unsecured loans aimed at supporting women from low-income households in both rural and urban areas. These loans include income generation loans, business loans, and loans secured against gold jewellery. Spandana has built a strong presence across 15 states in India, with a network of 694 branches and a workforce of 4,045 employees. Through its financial products, the company aims to improve the socio-economic conditions of its customers and support their livelihoods. In 2010, Spandana came under the Corporate Debt Restructuring (CDR) mechanism of the Reserve Bank of India due to financial difficulties, but with the backing of Kangchenjunga Ltd and Kedaara AIF-1, it successfully exited the CDR in March 2017. Prior to the crisis, the company had a loan portfolio of ₹4,500 crore. It began its recovery and returned to profitability in the financial year 2013-14. By September 2018, Spandana had rebuilt a loan portfolio worth ₹2,244 crore.

₹856 - ₹856Open
Listed Price₹825.00
Listing Gain-3.62%

IPO Schedule & Timeline

Bookbuilding IPO
Open05 Aug 2019
Close07 Aug 2019
Allotment14 Aug 2019
Listing19 Aug 2019

Quota Reservation & Application Lots

Minimum Application Lots

Retail0 Lots (17 shares)
₹14,552
sHNI14 Lots (238 shares)
₹2,03,728
bHNI69 Lots (1,173 shares)
₹2,03,728

Company Promoters

Padmaja GangireddyKangchenjunga Limited

Company Background

Spandana Sphoorty Financial Ltd, incorporated in 2003, is a microfinance institution focused on rural areas and operates as a Non-Banking Financial Company (NBFC). Founded by Mrs. Reddy, who also serves as the Managing Director and promoter, the company primarily offers small unsecured loans aimed at supporting women from low-income households in both rural ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (31-Mar-19)₹10362.81 Cr
Growth+243.2%
Revenue Trend (₹ in Crores)
0.04.0k7.9k11.9k31-Mar-1531-Mar-1631-Mar-1731-Mar-1831-Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
31-Mar-1910,362.813,087.4848,980.37 0
31-Mar-185,872.741,879.7137,642.470
31-Mar-173,770.644,434.1419,286.220
31-Mar-163,438.622,432.3520,998.950
31-Mar-153,019.711,050.9923,524.690

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
14 Aug 2019
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
19 Aug 2019

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization14 Aug 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date19 Aug 2019Trading commences on exchange

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About Spandana Sphoorty Financial IPO

Complete issue overview for Spandana Sphoorty Financial (SPANDANA) IPO. The issue features an equity share price band of ₹856 per share with a minimum retail lot size of 17 Shares (minimum application amount of ₹14,552). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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