Spandana Sphoorty Rights Issue dates 1 – 11 August 2025.
Spandana Sphoorty Financial is one of India’s leading microfinance institutions, with a strategic focus on serving low-income households in rural and semi-urban regions. The company operates primarily through the Joint Liability Group (JLG) lending model, offering income-generating loans of up to INR 80,000 with repayment tenures ranging from 12 to 30 months, primarily to women borrowers.
Through its subsidiary, Criss Financial, Spandana has diversified into secured and unsecured lending products, including Loan Against Property (LAP) ranging from INR 2 lakh to INR 10 lakh for small entrepreneurs, Nano Enterprise Loans of INR 50,000 to INR 1 lakh, and Individual Loans between INR 35,000 and INR 80,000 tailored to rural women and entrepreneurs.
As of 9M FY25, the company’s outstanding borrowing stood at INR 7,494 crore, a decline from INR 10,208 crore in FY24, with a borrowing cost of 12.2%. Its funding base is diversified, comprising 55% from banks, 21% from NBFCs, 22% from capital markets, and 2% from foreign portfolio investors (FPI).
Promoters of Spandana Sphoorty Financial – Kangchenjunga Limited
Table of Contents
Spandana Sphoorty Financial Rights Issue Details
| Spandana Sphoorty Rights Issue Date | 1 – 11 August 2025 |
| Spandana Sphoorty Rights Issue Price | INR 230 per share |
| Issue Size (in Shares) | 1,73,91,304 shares |
| Issue Size (in INR) | INR 400 crore |
| Issue Entitlement | 10 equity shares for every 41 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Spandana Sphoorty Rights Issue Record Date | 24 July 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE, NSE |
Spandana Sphoorty Rights Issue Calculation
| Spandana Sphoorty Rights Issue Price | INR 230 per share |
| Market Price on Rights Issue Approval | INR 306.30 per share |
| Dilution Factor (X) | 1.24 |
| Fair Value After Dilution at Prevailing Price | INR 291.34 per share |
Spandana Sphoorty Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 1,401 | 2,424 | 2,355 |
| Expenses | 989 | 913 | 2,848 |
| Financing Margin (%) | (3.0) | 24.0 | (61.0) |
| Net Income | 12.0 | 501.0 | (1,035.0) |
Spandana Sphoorty Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Augmenting the capital base and resources for meeting funding requirements for the company’s business activities – INR 380 crore
- General corporate purposes
Spandana Sphoorty Rights Offer Documents
- Spandana Sphoorty Rights Issue Application Form
- Spandana Sphoorty Letter of Offer
- Board Meeting Outcome
- Spandana Sphoorty Draft Letter of Offer
- Rights Issue in 2024
Spandana Sphoorty Rights Issue Dates
| Rights Issue Approval Date | 18 July 2025 |
| Rights Issue Record Date | 24 July 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 1 August 2025 |
| Last Date for Market Renunciation | 6 August 2025 |
| Rights Issue Closing Date | 11 August 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Spandana Sphoorty Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91-40 6716 1500
E-mail: [email protected]
Website: www.kfintech.com
Spandana Sphoorty Contact Details
SPANDANA SPHOORTY FINANCIAL LIMITED
Galaxy, Wing B, 16th Floor, Plot No.1, Sy No. 83/1,
Hyderabad Knowledge City, TSIIC, Raidurg
Panmaktha, Hyderabad, Telangana- 500081
Phone: +91 1800 203 5220
Email: [email protected]
Website: www.spandanasphoorty.com
Spandana Sphoorty Rights Offer FAQs
What is the Spandana Sphoorty Rights Issue Price?
The issue price is INR 230 per share.
What is the Spandana Sphoorty Rights Issue entitlement ratio?
The eligible shareholders are offered 10 equity shares for every 41 equity shares held on the record date.
What is the Spandana Sphoorty Rights Issue Record Date?
The Record date is 24 July 2025.
How to Apply in the Spandana Sphoorty Rights Offer?
The best way to apply in the Spandana Sphoorty Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit it with your broker.