◆ Spandana Sphoorty Financial Ltd IPO
- Spandana Sphoorty is a rural focused NBFC-MFI (Micro Finance Institution).
- The company offers income generation loans under the joint liability group model, predominantly to women from low-income households in rural areas.
◆ Issue Open: 5 Aug, 2019
◆ Issue Close: 7 Aug, 2019
◆ Issue Price: Rs 853 - Rs 856 Per Equity Share
◆ Market Lot: 17 Shares
◆ Investment Amount: 14552 Per Retail Application
◆ Important Dates:
● Finalisation of Basis of Allotment: 14 Aug, 2019
● IPO Shares Listing Date: 19 Aug, 2019
Last Grey Market Updates (change daily)
GMP: Rs.4 - Rs.5
Kostak Price: 300
Review & Recommendations:
Axis Capital - None
Centrum Wealth Management - Subscribe
Sharekhan Limited - None
Motilal Oswal - Subscribe for Long Term
S P Tulsian - Avoid
Avoid. NBFC Sector still seems unstable. Recent News of Scam in NBFC companies, shows low confidence for safe Investment.
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.