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Open
5 Aug 2019
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Close
7 Aug 2019
3
Allotment
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Listing
Mon, Aug 19, 2019
Price Band
₹853 to ₹856
Issue Size
1,39,00,110 shares (agg. up to ₹1,190 Cr)
Lot Size
17 Shares
Listing Date
Mon, Aug 19, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.05x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|
| Assets | 4,898.04 | 3,764.27 | 1,928.62 |
| Total Income | 1,041.71 | 587.50 | 378.67 |
| Profit After Tax | 308.75 | 187.97 | 443.41 |
| NET Worth | 1,889.44 | 1,390.64 | 927.57 |
| Reserves and Surplus | 1,826.74 | 1,360.90 | 899.12 |
| Total Borrowing | 1,552.99 | 1,296.51 | 932.46 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| CreditAccess Grameen Ltd. | Mainboard | ₹1,131.19 Cr | ₹422 | null | ₹422.05 | +0.01% | ₹1,478.50 (-1.19%) |
About Spandana Sphoorty Financial IPO
Incorporated in 2003, Spandana Sphoorty Financial Ltd is a rural area focused NBFC-Microfinance Institution. Mrs Reddy is a founder, MD and promoter of the company. 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 jewellery.Spandana has a presence across 15 states in India with 4,045 employees and 694 branch network. By offering the loan products to low-income households, the company is strengthening the socio-economic condition and improving their livelihoods. The company has started working under CDR mechanism (Corporate Debt Restructuring) of the RBI to revive the business and restructure the borrowings in 2010. And, exited successfully in March 2017 with the help of Kangchenjunga Ltd and Kedaara AIF-1. Before the 2010 crisis, the company had Rs 4,500 crore loan portfolio. The company started recovering and made the first profit in the year 2013-14. As of September 2018, Spandana had Rs 2,244 crore loan portfolio.Company Products1. Abhilasha (JLG Loans)2. Shree Loans3. Loans Against Property (LAP)4. Gold Loans (Keertana)5
Contact Details
Spandana Sphoorty Financial Ltd. AddressPlot No: 31 & 32Ramky Selenium Towers, Tower A, Ground FloorFinancial District, NanakramgudaHyderabad, Telangana, 500032+91 40 4812 6666secretarial@spandanaindia.comVisit Website