Spandana Sphoorty Financial has debuted at Rs 824.00 on the BSE, down by 32 points or 3.74% from its issue price of Rs 856.
The scrip is currently trading at Rs 739.00, down by 117.00 points or 13.67% from its issue price. It has touched a high and low of Rs 849.00 and Rs 690.00 respectively. So far 1.69 lakh shares were traded on the counter.
The offering, which was open for subscription between August 5, 2019 and August 7, 2019, was subscribed 1.05 times. The issue price was fixed at Rs 856 per share i.e. at upper end of price band of Rs 853-856 apiece.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
