Spandana Sphoorty Financial Ltd
Minimum Order Quantity
Spandana Sphoorty Financial Ltd IPO is a NBFC Microfinance institution operating from Hyderabad with its 920+ branches spread across 16 states of India. The company targets women in the low income group of urban and rural regions by providing unsecured loans for income generation activities.
Date of Incorporation
The company was incorporated on 10th March 2003 as Spandana Sphoorty Innovative Financial Services Limited. With effect from 13th April 2015, the company has been granted as the status of NBFC-MFI by RBI
Promoters of the company
Padmaja Gangireddy and Kangchenjunga are the promoters of the company
Object of the Issue
- With the fresh Issue, spandana tries to fulfill following objectives.
i. To increase the capital base of the company
ii. To meet up general corporate purposes
Strengths of the company
- Resilient performance
- Best client engagement and robust risk management, leading to superior asset quality and collections
- Streamlined systems and processes and high employee productivity leading to low operating expense ratio
- Geographically diversified operations leading to risk containment and business resilience
For the year/period ended (in Rs. 10 Lakhs)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)