Spandana Sphoorty Financial Ltd IPO

Add to Calendar 2019-08-05 12:00 AM 2019-08-07 12:00 AM Asia/Kolkata Spandana Sphoorty Financial Ltd IPO Spandana Sphoorty Financial Ltd India

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

Issue Detail

  • Issue Open: Aug 05, 2019
  • Issue Close: Aug 07, 2019
  • Issue Type: Book Building Issue
  • Face Value: Rs 10 per equity shares
  • Price Band: Rs 853 - Rs 856 Per Equity Share
  • Bid Lot:17 Shares
  • Minimum Order Quantity:17 Shares
  • Listing At: NSE, BSE
  • Issue Size: • Rs 400 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

- BSE NSE
Issue Price - -
Open - -
Low - -
High - -
Last Trade - -
Volume - -

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Frequently Asked Questions

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

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