For investors, the saga has come to a disappointing end with Axis Bank likely pulling the plug on the potential acquisition. Shares of the ...

Including the anchor portion, the issue was subscribed 92 per cent.

Analysts said the stock could list at a discount given the weak market conditions of late.

At the issue price, the stock traded at price-to-adjusted book value (P/ABV) of 2.4 times.

Spandana Sphoorty has fixed a price band of Rs 853-856 per share for the public offer.

The company is looking to raise around Rs 1,200 crore from the primary market.

On Friday, the lender raised around Rs 360.28 crore from 18 anchor investors.

The promoters will also sell a portion of existing shares worth up to Rs 801 crore.

The issue comprises fresh share sale for Rs 400 crore and an OFS for about Rs 800 crore.

The IPO comprises a fresh share sale for Rs 400 crore and an offer for sale for about Rs 800 crore.

The IPO comprises a fresh share sale for Rs 400 crore and an offer for sale for about Rs. 800 crore.

Microfinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.

The price band of the issue was fixed between Rs 853-856 per share. The issue will close on August 7.

The two cos had approached the markets regulator in June with their IPO papers.

Penver's total income has grown to Rs 698.42 crore in 2017-18 from Rs 205.52 crore in 2015-16.

While the investment from Birla was in the form of non-convertible debentures, this is the second equity raised by Spandana post its emerge...

In 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...