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SPANDANA IPO
Zaggle CFO Aditya Kumar steps down; Rajesh Tummalaganti named interim finance chiefKumar cited personal reasons for his resignation. Tummalaganti, who brings over two decades of experience, began his career at Ernst & Youn...- Stocks in news: Mishtann Foods, Canara Bank, Nykaa, Ola Electric, Dr Reddy'sCapital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriat...
- Spandana Sphoorty posts net loss of Rs 220 cr for Jun qtrThe company's core interest income slipped to Rs 244 crore during the quarter against Rs 397 crore.There was a pre-provision operating prof...
- Market Movers: Axis Bank loses Spandana; Paytm, Nykaa burdened by anchorsFor investors, the saga has come to a disappointing end with Axis Bank likely pulling the plug on the potential acquisition. Shares of the ...
- Spandana Sphoorty lists at 4% discount to issue priceAt the issue price, the stock traded at price-to-adjusted book value (P/ABV) of 2.4 times.
- Spandana Sphoorty IPO overall subscribed 1.05 timesSpandana Sphoorty has fixed a price band of Rs 853-856 per share for the public offer.
- Spandana Sphoorty IPO subscribed 30% on Day 2The company is looking to raise around Rs 1,200 crore from the primary market.
- Spandana Sphoorty IPO subscribed 6% on Day 1On Friday, the lender raised around Rs 360.28 crore from 18 anchor investors.
- Growth potential, low NPAs make Spandana a good buyThe promoters will also sell a portion of existing shares worth up to Rs 801 crore.
- Should you invest in Spandana Sphoorty IPO? Don’t subscribe just for listing gainsThe issue comprises fresh share sale for Rs 400 crore and an OFS for about Rs 800 crore.
- Spandana Sphoorty sets price band at Rs 853-856 for its Rs 1,200 crore IPOThe IPO comprises a fresh share sale for Rs 400 crore and an offer for sale for about Rs. 800 crore.
- Spandana to launch Rs 1200 crore IPOMicrofinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.
- Spandana Sphoorty's Rs 1,200-crore IPO to open on August 5The price band of the issue was fixed between Rs 853-856 per share. The issue will close on August 7.
- Bharat Hotels, Spandana Sphoorty get Sebi's go-ahead for IPOThe two cos had approached the markets regulator in June with their IPO papers.
- Penver Products files IPO papers with SebiPenver's total income has grown to Rs 698.42 crore in 2017-18 from Rs 205.52 crore in 2015-16.
- Micro-finance lender Spandana Sphoorty raises Rs 125 cr in equity, month after raising Rs 400 cr in debtWhile the investment from Birla was in the form of non-convertible debentures, this is the second equity raised by Spandana post its emerge...
- From brink of bankruptcy to Rs 1,850 crore portfolio: Amazing story of Spandana Sphoorty FinancialIn 2011, Spandana was saddled with Rs 2,200 cr of debt amid microfinance crisis in Andhra Pradesh. 6 years later, it is a leader of the len...
- Once cursed, IPO may be SKS Microfinance’s blessingIndustry observers say micro-lender is best placed to survive current crisis with its greater capital buffer.
- JPMorgan cuts SKS Microfin profit, price targetsJPMorgan cut its profit forecasts for leading Indian microfinance lender SKS Microfinance by 25 to 35 percent for the next three financial ...
- MFIs rethink IPO plans in view of upheavals in the sectorWorried over recent upheavals in microfinance sector on account of high interest rates small lenders charge, many players have put on hold ...
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