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
- Seasoned business model.
- Large employee base for a high degree of client engagement.
- 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/
