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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
Opens On Closes On
Issue 05-Aug-19 07-Aug-19
Application Allotment
Money Payable On 856.00 0.00
Minimum Application for shares in Nos : 17 Further Multiples of : 17
  rupeeCr Lead Managers to the Issue
Project Cost (rupee.Cr) 382.42 Axis Capital Ltd
Project Financed through Current Offer (rupee.Cr) 1189.85  
Post Issue Equity Share Capital (rupee.Cr) 64.18
Issue Price (rupee) 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
KFin Techologies Pvt Ltd
Minimum Application for shares in Nos : Further Multiples of :
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Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
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