Samco securities limited

Spandana Sphoorty Financial Ltd IPO

Spandana Sphoorty Financial Ltd

Issue Open

Aug 05, 2019

Price Band

₹ 853 - ₹ 856

Issue Size

₹ 400 Cr

Issue Close

Aug 07, 2019

Bid Lot

17

Listing Exchange

NSE, BSE

Issue Type

Book Building Issue

Minimum Order Quantity

17

Face Value

Rs 10 per equity shares

Listing At

Aug 19, 2019

About the company:

Company Info

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

Company financials


Particulars

For the year/period ended (in Rs. 10 Lakhs)


31-Mar-19

31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

Total Assets

48,980.37

37,642.47

19,286.22

20,998.95

23,524.69

Total Revenue

10,362.81

5,872.74

3,770.64

3,438.62

3,019.71

Profit After Tax

3,087.48

1,879.71

4,434.14

2,432.35

1,050.99

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