Spandana Sphoorty Financial Limited Rs 853 to Rs 856 From to
About Company Spandana Sphoorty Financial Limited permalink
Spandana Sphoorty Financial Limited was established in 2003 . Currently, it is having head office in Telangana. SPANDANA works in the sector of Company works in banking sector. . SPANDANA has experience of 20 years experience in microfinance sector. .
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. It is possibility to stand in market because possesses well experience in banking sector.
Last year company's revenue was Rs.103.63Cr. Last year company's net profit was Rs.30.87Cr. Company's promoters are Padmaja Gangireddy and Kangchenjunga Limited.
SPANDANA IPO issue open date is 5th August 2019 and close date is 7th August 2019 . The face value for Spandana Sphoorty Financial Limited IPO is Rs 10 per equity share. The total IPO size is approx Rs 1200 crore.
The price band for SPANDANA is Rs 853 to Rs 856. The lot size for SPANDANA IPO is a minimum of 17 shares to maximum 221 shares. This IPO will be listed on BSE and NSE. SPANDANA IPO total equity is 14046056 shares.
SPANDANA IPO Market Lot and Investment Amount permalink
To invest in Spandana Sphoorty Financial Limited's initial public offering starting from 5th August 2019 you need to invest minimum Rs 14501, however you can also invest up to Rs 189176, considering the upper price of IPO Rs 856 and maximum allottable shares (221 shares). To apply for the maximum number of share you need to bid for 13 lots, one lot is having 17 shares.
SPANDANA IPO was subscribed only 1.05 times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 2799338 shares and received bids for 8677947 shares which is 3.1 times of total meant for QIB category.
Spandana Sphoorty Financial Limited's IPO was subscribed 6% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 2106909 and bid for 1179869 shares received . Bid from NII for Spandana Sphoorty Financial Limited's IPO is 0.56 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 4916120 and bid for 442450 shares received . Bid from RII for SPANDANA's IPO is 0.09 times of total meant for RII category.
The total number of shares offered were 9822367 and bid for 10313485 shares received .
SPANDANA initial public offering of 14046056 equity shares of the face value of Rs 10 aggregating up to ₹ 1200 Crores. SPANDANA IPO issue open date is 5th August 2019 and close date is 7th August 2019 .