Spandana Sphoorty Financial Limited IPO Detail

Spandana Sphoorty Financial Limited IPO Detail

Spandana Sphoorty Financial Limited was founded by Mrs. Padmaja Reddy in 1998 as a Society which was later transformed into an NBFC and subsequently as NBFC MFI. Mrs. Reddy, the Promoter and Managing Director of Spandana prior to founding Spandana used to work with an NGO in Andhra Pradesh. Today the organisation has expanded its roots to 15 states across India with its Head Office in Hyderabad. It has over 600 branches and over 3800 employees working at Corporate office and branches.

It is engaged in offering small-ticket unsecured loans to help the women in the low-income bracket in rural and urban areas. In addition company provides income generation loans, business loans and loans against gold jewellery.

The Rs 1,200 crore initial public offering (IPO) of Spandana Sphoorty Financial will hit the market on Monday . They have Geographically diversified business operations Across India . You can click here to know more about what exactly is IPO ?

Spandana Sphoorty Financial IPO Date :

Opening Day of IPO – Aug 5, 2019

Closing date of IPO – Aug 7, 2019

Spandana Sphoorty Financial Limited Products :

Spandana Sphoorty Financial Limited IPO Detail

Abhilasha (JLG Loans) : This unique loan is designed especially for low-income households .

Spandana Sphoorty Financial Limited IPO Detail

Loans Against Property (LAP) : Loan Against Property known as LAP.

Spandana Sphoorty Financial Limited IPO Detail

Phinix Loans : Products are designed for the welfare and economic upliftment of the rural population majorly women.

Shree Loans : Shree stands for “Good Beginning”. Offered in the state of Andhra Pradesh,

Gold Loans (Keertana) : Gold Loans are given against the mortgage of Jewellery.

Interim Loans : Interim loans to assist borrowers who are struggling to meet short-term liquidity requirements.

Company Promoters :

Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.

Spandana Sphoorty Financial Limited Financial Summary:

Amount (in INR & Millions)
31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 49,317.07 37,642.47 19,286.22 20,998.95 23,524.69 21718.48
Total Revenue 10,430.96 5,873.06 3,770.64 3,488.06 3,254.06 2771.07
Total Expense 5,750.57 3,048.30 3,435.66 2,294.65 2,195.24 2189.79
Profit After Tax 3,119.00 1,879.46 4,434.14 2,432.35 1,050.99 580.58


Spandana Sphoorty Financial Limited IPO Detail

Issue Period 05-Aug-2019 to 07-Aug-2019
Post issue Modification Period 08-Aug-2019 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation 08-Aug-2019 (upto 12:00 PM)
Issue Size Initial Public offer of [.] Equity Shares comprising a Fresh Issue of Rs 4000 Million and an Offer for Sale of 9,356,725 Equity Shares (including anchor portion of 4,208,886 Equity Shares)
Issue Type 100% Book Building
Price Range Rs.853 to Rs.856
Face Value Rs 10
Tick Size Re 1
Bid Lot 17 Equity Shares and in multiples thereof
Minimum Order Quantity 17 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
Maximum Bid Quantity for QIB Investors 9,822,362 Equity Shares in multiple of 17 Equity Shares
Maximum Bid Quantity for NIB Investors 7,023,023 Equity Shares in multiple of 17 Equity Shares
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers IndusInd Bank Limited and YES Securities (India) Limited
Global Co-Ordinators And Book Running Lead Managers Axis Capital Limited, ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited
Sponsor Bank ICICI Bank Limited
Self Certified Syndicate Banks (SCSBs) eligible as Issuer Banks for UPI Issuer Banks for UPI
Categories FI, IC, MF, FII, OTH, CO, IND and NOH
Name of the Registrar Karvy Fintech Private Limited
Address of the Registrar Karvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500 032
Contact person name number and Email id M. Murali Krishna,+91 40 6716 2222,

Earnings per Equity Share (in Millions) :

31-Dec-19 31-Dec-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Basic EPS in Rs 53.46 42.52 216.93 119.34 51.88 29.95
Diluted EPS in Rs. 53.35 42.51 5.48 2.94 1.23 0.63


Industry P/E Ratio :

Particulars P/E
Highest 43.6
Lowest 8.8
Average 21.3


Competitive Peers :

Company Standalone/Consolidated EPS in Rs. P/E ratio NAV per share in Rs. RoNW Face value per share
Bharat Financial
Inclusion Limited
Standalone 70.39 16.1 301.3 23.31% 10
Satin Creditcare
Network Limited
Consolidated 41.67 8.8 235.0 17.53% 10

Company Contact Information :

Spandana Sphoorty Financial Ltd
Plot No: 31 & 32,
Ramky Selenium Towers, Tower A, Ground Floor,
Financial District, Nanakramguda,Hyderabad 500 032Phone: +91 40 4812 6666

Disclaimer : This is for information only , do not take it as any recommendation .

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