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IPO Synopsis

Spandana Sphoorty Financial Ltd
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
Issue
Opens On Closes On
05-Aug-19 07-Aug-19
Money Payable On
Application Allotment
856.00 0.00
Minimum Application for shares in Nos : 17 Further Multiples of : 17
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 382.42 Axis Capital Ltd
Project Financed through Current Offer (Rs.Cr) 1189.85  
Post Issue Equity Share Capital (Rs.Cr) 64.18
Issue Price (Rs) 856.00

Projects
To Augment the Capital base of the Company to Meet future Capital Requirements
Promoted By
Padmaja Gangireddy
Kangchenjunga Ltd
Listing At
BSE
NSE
Registrar to the Issue
No Data Available
SEBI Single Regn. No. : BSE / NSE / MSMI - INZ000192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           Filing complaint on SEBI SCORES
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