Spandana Sphoorty Financial Ltd Incorporated in 2003, 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 jewelry.
Spandana has a presence across 15 states in India with 4,045 employees and 694 branch network. By offering loan products to low-income households, the company is strengthening the socio-economic condition and improving their livelihoods.
The company has started working under the 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 Products
- Abhilasha (JLG Loans)
- Shree Loans
- Loans Against Property (LAP)
- Gold Loans (Keertana)
- Phinix Loans
- Interim Loans
Spandana Sphoorty IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹853 to ₹856 per equity share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542759 |
| NSE Symbol | SPANDANA |
| ISIN | INE572J01011 |
| Issue Size | Aggregating up to ₹1,202.34 Cr |
| Fresh Issue | Aggregating up to ₹400.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Spandana Sphoorty IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 5-Aug-19 |
| IPO Close Date | 7-Aug-19 |
| Basis of Allotment Date | 14-Aug-19 |
| IPO Listing Date | 19-Aug-19 |
Spandana Sphoorty IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 17 | ₹14,552 |
| Maximum | 13 | 221 | ₹189,176 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Spandana Sphoorty Financial Ltd
Company Financials:
| PARTICULAR | 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 |
Company Promoters:
Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.
Objects of the Issue:
The Net Proceeds of the Fresh Issue are proposed to be utilised for:
- Augmenting the capital base and
- General corporate purposes
Registrar & Company Details
| Company Contact Information | Spandana Sphoorty IPO Registrar |
| Spandana Sphoorty Financial Ltd Plot No: 31 & 32, Ramky Selenium Towers, Tower A, Ground Floor, Financial District, Nanakramguda,Hyderabad 500 032 Phone: +91 40 4812 6666 Email: secretarial@spandanaindia.com Website: http://www.spandanaindia.com/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: spandana.ipo@karvy.com Website: https://karisma.kfintech.com/ |
