Spandana Sphoorty Financial IPO GMP History
Spandana Sphoorty Financial IPO has been listed on August 19, 2019 at a listing price of ₹825, against the issue price of ₹856 — a loss of ₹31 (-3.62%). The GMP peaked at ₹17.5 on 5 August 2019 and reached a low of ₹4.5 on 11 August 2019. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Spandana Sphoorty Financial IPO raised ₹1189.85 Cr. through its IPO at a price band of ₹853 to ₹856 per share, with a lot size of 17 shares. The IPO was open for subscription from 05 Aug 2019 to 07 Aug 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 11 Aug 2019 | ₹ 4.5 | — | 1% | — | — |
| 10 Aug 2019 | ₹ 4.5 | — | 1% | — | — |
| 09 Aug 2019 | ₹ 4.5 | — | 1% | — | — |
| 08 Aug 2019 | ₹ 4.5 | — | 1% | — | — |
| 07 Aug 2019 | ₹ 4.5 | ▼ | 1% | — | — |
| 06 Aug 2019 | ₹ 12.5 | ▼ | 1% | — | — |
| 05 Aug 2019 | ₹ 17.5 | — | 2% | — | — |
| 04 Aug 2019 | ₹ 17.5 | — | 2% | — | — |
| 03 Aug 2019 | ₹ 17.5 | — | 2% | — | — |
| 02 Aug 2019 | ₹ 17.5 | — | 2% | — | — |
| 01 Aug 2019 | ₹ 17.5 | — | 2% | — | — |
Spandana Sphoorty Financial IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 05 Aug 2019
- Close 07 Aug 2019
- Allotment 14 Aug 2019
- Refund/credit 14 Aug 2019
- Listing 19 Aug 2019
Spandana Sphoorty Financial IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹856 |
|---|---|
| GMP-based estimate (pre-listing) | ₹860 (+0.5%) |
| Listing gain / loss | −₹31 per share |
| Listing date | 19 Aug, 2019 |
| Actual listing price | ₹825 (-3.62%) |
Is Spandana Sphoorty Financial IPO GMP reliable?
Grey market premium for Spandana Sphoorty Financial IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Spandana Sphoorty Financial IPO full review for a fundamentals-based assessment before making any grey market trades.
Spandana Sphoorty Financial IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Spandana Sphoorty Financial IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Spandana Sphoorty Financial IPO
Spandana Sphoorty Financial Limited was incorporated on 10 March 2003 at Hyderabad. Its promoters are Padmaja Gangireddy and Kangchenjunga Limited.
It is a rural focused NBFC-MFI that gives income generation loans under the joint liability group model, mostly to women from low-income households.
As of 31 March 2019 it was the fourth largest NBFC-MFI in India by assets under management, as per ICRA Research cited in the prospectus. As of 30 June 2019 it worked through 929 branches in 16 states and 1 union territory.
The IPO was Rs 1,189.85 crore, with Rs 388.91 crore of fresh issue and Rs 800.94 crore of offer for sale, at Rs 856, the top of the Rs 853 to Rs 856 band. The fresh money was to add to its capital base.
Frequently asked
What is the GMP of Spandana Sphoorty Financial IPO?
The current Grey Market Premium (GMP) of Spandana Sphoorty Financial IPO is ₹ 4.5.
What is the Kostak Price of Spandana Sphoorty Financial IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Spandana Sphoorty Financial IPO is not available.
What is the Subject to Sauda Price of Spandana Sphoorty Financial IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Spandana Sphoorty Financial IPO?
Spandana Sphoorty Financial IPO listed on August 19, 2019 at ₹825, against the issue price of ₹856 — a loss of -3.62%.
How did the GMP of Spandana Sphoorty Financial IPO trend before listing?
The GMP of Spandana Sphoorty Financial IPO was stable in its final days before listing. The GMP peaked at ₹17.5 on 5 August 2019. View the day-wise table above for the complete GMP history.
Explore Spandana Sphoorty Financial IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
