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Spandana Sphoorty Financial IPO subscribed 1.05 times on final day

Thursday, August 8, 2019, 8:23 AM

The IPO by microfinance lender Spandana Sphoorty Financial got fully subscribed on August-7, the final day of the issue, led by support from qualified institutional buyers. The Rs 1,200-crore public issue received bids for 1.03 crore equity shares against a size of 98.22 lakh equity shares (excluding anchor investors portion), resulting in the IPO being subscribed 1.05 times, as per data available on exchanges.