Spandana Sphoorty Financial Limited IPO GMP


Spandana Sphoorty Financial Limited IPO

Spandana Sphoorty Financial Limited was founded in 2003 in Andhra Pradesh.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



Below are Details of Grey Market Premium (GMP) and Kostak Rate of Spandana Sphoorty Financial Limited IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO.

IdGrey Market PremiumKostak RateRate Date
18510-12 Rs25007 Aug 2019
18110-12 Rs25006 Aug 2019
1796-8 RsNILL04 Aug 2019
177NILL300 Rs01 Aug 2019


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admin Aug 7 2019 4:36:25 PM
Market is in bad shape. That make impact on this ipo. Bad subscription.

HR CHaurasia Aug 7 2019 4:21:34 PM
Not Hope for listing gain.........

HR CHaurasia Aug 7 2019 4:21:32 PM
Not Hope for listing gain.........

sagar Aug 7 2019 3:51:06 PM
GOOD COMPANY WITH GROWTH POTENTIAL AND LEAST NPA'S.. Good recovery methodology and great management, Bought 9 lots.

NARASIMHA GOVINDU Aug 7 2019 3:49:26 PM
Target Price is around 1400 within 6 months.Subscribed for 10 lots.

Pradhan Aug 7 2019 3:42:47 PM
This is gone

admin Aug 7 2019 7:17:31 AM
today is last day for subscription. Apply if QIB > 10x and HNI > 20x.

admin Aug 6 2019 11:09:37 AM
Yes @mukesh But its require push of subscription. Lets see.

Mukesh Aug 6 2019 8:49:17 AM
A good IPO having potential to give about 10% listing gain. It's a good bet for medium to long term also. I am applying for this.

admin Aug 5 2019 8:04:37 AM
GMP has been updated in IPO GMP section.

HR CHaurasia Aug 1 2019 3:23:07 PM
NBFC sector is not good performing.

admin Aug 1 2019 8:08:39 AM
NO GMP as of now. GMP updated in IPO GMP section.