Spandana Sphoorty Financial Limited IPO
Spandana Sphoorty Financial Limited was a mainboard IPO, offered at ₹853–₹856 per share to raise ₹1,201 crore. The issue was subscribed 1.05× overall (QIBs 3.11×, NIIs 0.55×, retail 0.09×). It listed on 19 Aug 2019 and closed its first day at ₹848, a listing loss of -1.0% versus the ₹856 issue price. It now trades around ₹189 (-77.9% versus the issue price).
Frequently asked questions
- How many times was the Spandana Sphoorty Financial Limited IPO subscribed?
- The Spandana Sphoorty Financial Limited IPO was subscribed 1.05× overall — 3.11× in the QIB category, 0.55× among non-institutional investors, 0.09× in retail.
- What were the Spandana Sphoorty Financial Limited IPO listing gains?
- Spandana Sphoorty Financial Limited listed on 19 Aug 2019, closing its first day at ₹848 — a listing loss of -1.0% versus the ₹856 issue price.
- What were the retail allotment odds for the Spandana Sphoorty Financial Limited IPO?
- Retail was subscribed 0.09×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 13 Aug 2019.
- What was the price band and lot size of the Spandana Sphoorty Financial Limited IPO?
- The price band was ₹853–₹856 per share.