SPANDANA IPO

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.

  • Email : secretarial@spandanaindia.com
  • Website : Website: http://www.spandanaindia.com/
  • Phone : +91 40 4812 6666

SPANDANA IPO Details permalink

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 Date and Price Band permalink

SPANDANA IPO Date and Price Band
IPO Open:5th August 2019
IPO Close:7th August 2019
Price Band:Rs 853 to Rs 856
Face Value:Rs 10 per equity share
IPO Size:Rs 1200 crore
Listing on:BSE and NSE
Retail Portion:50.05%
Equity (Issue Size):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 Market Lot and Investment Amount
Minimum Lot Size:17 shares (1 Lot)
Maximum Lot Size:221 shares (13 lots)
Minimum Investment:Rs 14501
Maximum Investment:Rs 188513

SPANDANA IPO Subscription Status permalink

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 IPO Subscription Status
Qualified Institutional Buyers (QIBs)
Shares Allotted:2799338 shares
Shares Bid Received:8677947 shares
Over Subscription in QIB:3.1 times
Non Institutional Investors (NIIs)
Shares Allotted:2106909 shares
Shares Bid Received:1179869 shares
Over Subscription in NII:0.56 times
Retail Individual Investors (RIIs)
Shares Allotted:4916120 shares
Shares Bid Received:442450 shares
Over Subscription in RII:0.09 times
Total
Total Shares Allotted:9822367 shares
Total Shares Bid Received:10313485 shares
Over Subscription Total:1.05 times times

SPANDANA IPO Allotment and Listing permalink

SPANDANA IPO got listed on . SPANDANA IPO listed with -3.74% Loss on NSE (SPANDANAEQ ) at Rs 825 and BSE (542759) at Rs 824. The allotment ratio for the SPANDANA IPO remains at 61.

SPANDANA IPO Allotment and Listing
Listing Date:
Issue Price:Rs 856
BSE Listing Price:Rs 824
NSE Listing Price:Rs 825
Return (In Rupees):Rs -32
Return (In Percentage):-3.74%
Sector :NBFC
BSE Group :B
BSE Code:542759
NSE Code:SPANDANAEQ
ISIN :INE572J01011

SPANDANA IPO FAQ permalink

Frequently Asked Questions related to the SPANDANA IPO

When SPANDANA IPO is expected? permalink

SPANDANA IPO is not publised yet, it may be available in September 2020

What is SPANDANA IPO? permalink

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 .

When SPANDANA IPO will open and close? permalink

SPANDANA IPO issue open date is 5th August 2019 and close date is 7th August 2019 .

What is the lot size of SPANDANA IPO? permalink

The lot size for SPANDANA IPO is 17 shares.

What is the price band of SPANDANA IPO? permalink

The price band for SPANDANA is Rs 853 to Rs 856.

What is the minimum investment amount for SPANDANA IPO? permalink

The minimum investment amount for SPANDANA IPO is Rs 14501.

What is the SPANDANA IPO investors portion? permalink

For retail investors (RII) 50.05% is allotted for investment. For NII 21.45% and QIB 28.5% is allotted.

What is the SPANDANA IPO listing date? permalink

SPANDANA IPO listing date is 20th September 2020.

What is SPANDANA IPO subscription on the first day? permalink

SPANDANA IPO subscribed 6 % on the first day.

What is SPANDANA IPO subscription? permalink

SPANDANA IPO was subscribed only 1.05 times times.

What is SPANDANA IPO listing date? permalink

SPANDANA IPO listing date is 20th September 2020.

What is SPANDANA IPO listing price? permalink

SPANDANA IPO listing price is 824.

What is SPANDANA IPO return? permalink

SPANDANA IPO listing price is 824 and issue price was Rs 856. Return from SPANDANA IPO is Rs -32 per equity share which is -3.74% .

What is BSE code for SPANDANA? permalink

SPANDANA BSE code is 542759.