Spandana Sphoorty Financial Ltd IPO


IPO Details

  • Open Date 05-Aug-19
  • Close Date 07-Aug-19
  • Lot Size 17
  • IPO Size ₹ 1189.85 Cr
  • IPO Price Range ₹ 856
  • Min Investment ₹ 14552
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

Initial Public Offer of 13,900,110 equity shares* of face value of Rs.10 each (equity shares) of the company for cash at a price of Rs.856 per equity share (including a share premium of Rs.846 per equity share) aggregating to Rs.1189.85 Crores* (offer), comprising a fresh issue of 4,543,385 equity shares* aggregating to Rs.388.91 Crores* (fresh issue) and an offer for sale of 9,356,725 equity shares, comprising of an offer for sale of 5,967,097 equity shares aggregating to Rs.510.78 Crores by Kangchenjunga Limited (corporate promoter selling shareholder), 1,423,114 equity shares aggregating to Rs.121.82 Crores by Padmaja Gangireddy (individual promoter selling shareholder), 796,509 equity shares aggregating to Rs.68.18 crores by Vijaya Siva Rami Reddy Vendidandi (vsrrv), 783,747 equity shares aggregating to Rs.67.09 Crores by Valiant Mauritius Partners FDI Limited (valiant), 132,831 equity shares aggregating to Rs.11.37 Crores by Helion Venture Partners II, LLC (helion II), 129,732 equity shares aggregating to Rs.11.11 Crores by Kedaara Capital Alternative Investment Fund - Kedaara Capital Aif 1 (kedaara aif 1) and 123,695 equity shares aggregating to Rs.10.59 Crores by Helion Venture Partners, LLC (helion) (together, investor selling shareholders and, together with the corporate promoter selling shareholder, the individual promoter selling shareholder, kedaara aif 1, vsrrv, helion II, helion and valiant, selling shareholders and such offered shares, offered shares) aggregating to Rs.800.94 Crores* (offer for sale). The face value of the equity shares is Rs.10 each. The offer price is Rs.85.6 times the face value of the equity shares. Offer Price: Rs.856 per equity share of face value of Rs.10 each. Anchor Investor Offer Price: Rs.856 per equity share. *subject to finalisation of basis of allotment

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Spandana Sphoorty Financial Ltd IPO

Contact Information

PNo 31&32 Ramky SeleniumTowers,
Tower A Gr Fl Nanakramguda,
Hyderabad, Telangana 500032