Spandana Sphoorty Financial Share Price

Spandana Sphoorty Financial Limited was incorporated as a Public Limited Company with the name Spandana Sphoorty Innovative Financial Services Limited on March 10, 2003 at Hyderabad, Andhra Pradesh, India. A Certificate of Commencement of Business was issued to Spandana Sphoorty Innovative Financial Services Limited on November 11, 2003 by the Registrar of Companies, Andhra Pradesh and Telangana at Hyderabad. On October 16, 2004, the Reserve Bank of India granted a Certificate of Registration to the Company as a NonDeposit accepting Non Banking Financial Company. Subsequently, the name of the Company was changed to Spandana Sphoorty Financial Limited. Pursuant to a letter dated December 26, 2007, the RBI granted its no objection to the Change of Name of the Company to Spandana Sphoorty on January 3, 2008. The Company was granted NBFC Microfinance Institution (NBFCMFI) status by the RBI with effect from April 13, 2015. The Company is primarily engaged in the business of micro finance providing small value unsecured loans to lowincome customers in semiurban and rural areas. The tenure of these loans is generally spread over one to two years..The Company has developed an indepth understanding of the borrowing requirements of the lowincome client segment. This business model involves regular client meeting processes through their employees, who maintain contact with clients across the districts that it covers. Through their loan products and clientcentric approach, the company endeavours to strengthen the socioeconomic wellbeing of lowincome households by providing financing on a sustainable basis in order to improve livelihoods, establish identity and enhance selfesteem.Post exit from CDR in March 2017, the company increased its lender base, diversified its borrowings to new banks and NBFCs and also issued NCDs in the capital markets. As a result, during Fiscal 2018, with increasing flow of capital, the company expanded its operations and were able to effectively utilize its existing branch network and employees (that were earlier underutilized due to lack of capital). Prior to their exit from CDR in 2017, the company had limited access to capital, due to which the company was able to offer loans in lower ticket sizes than the demand from their clients. According to ICRA Research, the company had the lowest portfolio per branch amongst peer comparison of major NBFCMFIs and SFBs, as of March 31, 2017. Post exit from CDR, the company was able to optimize the ticket sizes and also acquire new clients at existing and new branches. This helped the company to grow the Gross AUM in Fiscal 2018 at one of the highest rates (143.8%) among large NBFCMFIs in India. The Company acquired 95.97% equity shares of Criss Financial Holdings Limited (Criss) in December 2018 and further subscribed to issue of fresh equity shares of Criss, resulting into Spandana holding 97.54% stake in the entity. In August 2019, the Company raised money from public through IPO by issuing 14,029,622 Equity Shares aggregating to Rs 1200.93 Crores, consisting a Fresh Issue of 4,672,897 Equity Shares aggregating Rs 400 Crores and an Offer for Sale of 9,356,725 Equity Shares aggregating Rs 800.93 Crores. The Company operationalised 406 additional branches in 2024, extending its reach to 1,559 branches.

As of , Spandana Sphoorty Financial share price is ₹306.2. The stock opened at ₹306.8 and had closed at ₹306.5 the previous day. During today’s trading session, Spandana Sphoorty Financial share price moved between ₹305.10 and ₹309.00, with an average price for the day of ₹307.05. Over the last 52 weeks, the stock has recorded a low of ₹193.00 and a high of ₹729.90. In terms of performance, Spandana Sphoorty Financial share price has declined by 13.4% over the past six months and has declined by 57.74% over the last year.