Spandana Sphoorty Financial Limited Ipo

Spandana sphoorty financial limited ipo

Spandana Sphoorty IPO - detail analysis - Apply or Avoid - Spandana Sphoorty IPO Review 5 august

Spandana Sphoorty IPO description – 
Spandana Sphoorty is a rural focused NBFC-MFI (Micro Finance Institution) with a geographically diversified presence in India. The company offers income generation loans under the joint liability group model, predominantly to women from low-income households in rural areas.

Spandana sphoorty financial limited ipo

As of 31 March 2018, it was the fourth largest NBFC-MFI and the sixth largest amongst NBFC-MFIs and SFBs in India, in terms of AUM.

Following the implementation of AP Microfinance Ordinance 2010 which crippled the company’s collections and cash-flows, Spandana Sphoorty underwent the corporate debt restructuring (CDR) mechanism and restructured its borrowings.

With help of fresh capital infusion from Kangchenjunga (corporate promoter) and Kedaara AIF – 1, the company was able to successfully exit from CDR in March 2017.

As of 31 March 2018, it had 4,045 employees (including 2,746 credit assistants) operating out of 694 branches in 222 districts across 15 states in India.

Promoters of Spandana Sphoorty – Padmaja Gangireddy and Kangchenjunga Limited
Spandana Sphoorty IPO details
Subscription Dates5 – 7 August 2019
Price BandINR853 – 856 per share
Fresh issueINR400 crore
Offer For Sale9,356,725 shares (INR798.13 – 800.94 crore)
Total IPO sizeINR1,198.13 – 1,200.94 crore
Minimum bid (lot size)17 shares
Face Value INR10 per share
Retail Allocation10%
Listing OnNSE, BSE
Objects of Spandana Sphoorty IPO
  • Augmenting capital base
  • General corporate purposes
  • Issue expenses
Spandana Sphoorty’s financial performance (in INR crore)
Total revenues325.4348.8378.7587.51,048.5
Total expenses219.5229.5343.6304.8575.1
Net income105.1243.2443.3187.9356.5
Net margin (%)32.369.7117.132.034.0
More about Spandana Sphoorty
Spandana Sphoorty Contact Details

Spandana Sphoorty Financial Limited
Plot No: 31 & 32, Ramky Selenium Towers
Tower A, Ground Floor, Financial District
Nanakramguda, Hyderabad 500 032 Phone: +91 40 4812 6666
Email:[email protected]

Registrar of Spandana IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222 
 +91 40 2343 1551 
[email protected]

Valuation of Spandana Sphoorty (FY2019 consolidated)

Earnings Per Share (EPS): INR53.35

Price/Earnings (PE ratio): 15.99 – 16.04

Return on Net Worth (RONW): 16.51%

Net Asset Value (NAV): INR316.84 per share

Spandana Sphoorty IPO Subscription Details
CategoryShares offeredSubscription (no.

Spandana sphoorty financial limited ipo

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Spandana Sphoorty IPO Analyst Reviews 

Centrum Wealth Research – Subscribe

Angel Broking – Subscribe

Choice Broking – Subscribe with Caution

Motilal Oswal – Subscribe for Long Term

Sharekhan – Promising for Long Term

SPA Securities – Subscribe

Emkay – Not rated

Spandana IPO Allotment Status

Spandana Sphoorty IPO allotment status is now available on Karvy website.

Click on this linkto get allotment status.

Listing Performance of Spandana Sphoorty

IPO Opening Date: 5 August 2019

IPO Closing Date: 7 August 2019

Finalisation of Basis of Allotment: 14 August 2019

Initiation of refunds: 14 August 2019

Transfer of shares to demat accounts: 16 August 2019

Listing Date: 19 August 2019

Listing Price on NSE: INR825 per share (down 3.62% from IPO price)

Closing Price on NSE: INR847.8 per share (down 0.96% from IPO price)

Spandana sphoorty financial limited ipo