Spandana Sphoorty IPO: GMP, Issue Size, Issue Price and Important dates

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Spandana Sphoorty Financial IPO is a rural area focused NBFC-Microfinance Institution and is all set to make a debut in the stock market with an issue size of 1202.34 Cr.  

Spandana Sphoorty Financial IPO – Overview    

IPO Issue Date           5-7 Aug 2019          
IPO Opening Date           5 Aug 2019 
IPO Face Value           INR 10 per share           
IPO Price           INR 856 per share          
IPO Lot Size           17 Shares          
Issue Size           1202.34 Cr      
Offer for sale  
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             50% of the offer 
NII (HNI) Shares           15% of the offer 
Company Promoters           Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company. 

SPANDANA SPHOORTY FINANCIAL IPO -Tentative Dates           

IPO opening date           5 Aug 2019 
IPO closing date            7 Aug 2019 
Basis of Allotment            14 Aug 2019 
Initiation of Refunds            14 Aug 2019 
The credit of Shares to Demat           16 Aug 2019 
SPANDANA SPHOORTY FINANCIAL IPO Listing Date            19 Aug 2019 

Industry Overview.          

The microfinance sector in India has grown at a CAGR of 22.5% over the past ten years to reach ₹2,056 billion as of March 2018, despite some setbacks that have impacted the industry’s growth. The industry has evolved over time, starting with the self-help group (“SHG”) bank linkage program and not-for-profit organizations (“NGOs”) being the key participants in the sector, to the scaling of NBFCs, the conversion of Bandhan Financial Services into a universal commercial bank and the launch of the SFBs. 

Company Overview    

Spandana Sphoorty Financial Ltd is a rural area focused NBFC-Microfinance Institution. Mrs Reddy is a founder, MD and promoter of the company. 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 jewellery. 

Spandana has a presence across 15 states in India with 4,045 employees and 694 branch networks. By offering loan products to low-income households, the company is strengthening the socio-economic condition and improving their livelihoods. 

 Objects Of The Issue         

  • Augmenting the capital base. 
  • General corporate purposes. 

Financial Statements          

Particulars          31-Mar-19        31-Mar-18     31-Mar-17   
Total Assets          48,980.37 37,642.47 19,286.22 
Total Revenue          10,362.81 5,872.74 3,770.64 
Profit After Tax          3,087.48 1,879.71  4,434.14  

IPO- Strengths          

  1. Seasoned business model. 
  2. Large employee base for a high degree of client engagement. 
  3. Focus on a highly underserved market. 
  • Geographically diversified business operations. 

Company Contact Information 

Spandana Sphoorty Financial Ltd 
Plot No: 31 & 32, 
Ramky Selenium Towers, Tower A, Ground Floor, 
Financial District, Nanakramguda,Hyderabad 500 032 
Phone: +91 40 4812 6666 
Email: secretarial@spandanaindia.com 
Website: http://www.spandanaindia.com/ 

Spandana Sphoorty IPO Registrar 

KFin Technologies Limited 
 
Phone: 04067162222, 04079611000 
Email: spandana.ipo@karvy.com 
Website: https://karisma.kfintech.com/ 

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