Spandana Sphoorty Financial Ltd IPO
Spandana Sphoorty Financial Ltd IPO
IPO Date :
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The public market debut of Spandana Sphoorty Financial Ltd's was completed on 19-08-2019 with its listing on the NSE, BSE exchange. The IPO process raised 1,40,46,056 Shares in total capital, consisting of 46,89,331 Shares in new equity.
The offering featured a price range of ₹856 to ₹856 and minimum application size of 17 shares. Investor response during the subscription period from 05-08-2019 to 07-08-2019 influenced the final allotment ratios across investor categories.
Final allotment was announced on 14-08-2019, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Spandana Sphoorty IPO About Company
Spandana Sphoorty Financial Ltd, incorporated in 2003, is a microfinance institution focused on rural areas and operates as a Non-Banking Financial Company (NBFC). Founded by Mrs. Reddy, who also serves as the Managing Director and promoter, the company primarily offers small unsecured loans aimed at supporting women from low-income households in both rural and urban areas. These loans include income generation loans, business loans, and loans secured against gold jewellery. Spandana has built a strong presence across 15 states in India, with a network of 694 branches and a workforce of 4,045 employees. Through its financial products, the company aims to improve the socio-economic conditions of its customers and support their livelihoods. In 2010, Spandana came under the Corporate Debt Restructuring (CDR) mechanism of the Reserve Bank of India due to financial difficulties, but with the backing of Kangchenjunga Ltd and Kedaara AIF-1, it successfully exited the CDR in March 2017. Prior to the crisis, the company had a loan portfolio of ₹4,500 crore. It began its recovery and returned to profitability in the financial year 2013-14. By September 2018, Spandana had rebuilt a loan portfolio worth ₹2,244 crore.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Spandana Sphoorty IPO Strength Factors
- Has a well-established and experienced business model
- Large team to ensure strong client engagement
- Targets a market that is still largely under-served
- Operates across multiple regions for better reach and stability
Spandana Sphoorty IPO Risk Factors
NA
Spandana Sphoorty IPO Lead Manager(s)
- Axis Capital Limited
- IIFL Securities Limited
- Indusind Bank Limited
- Jm Financial Limited
- Yes Securities (India) Limited
Spandana Sphoorty IPO Promoter(s)
Padmaja Gangireddy,
Kangchenjunga Limited
Spandana Sphoorty IPO FAQs
Spandana Sphoorty Financial Ltd IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byApril 15, 2025 8:44:10 AM (Day 15).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Spandana Sphoorty IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Spandana Sphoorty IPO FAQs
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