Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusinessIPO
Last Updated : Aug 06, 2019 06:13 PM IST | Source:

Subscribe to Spandana Sphoorty Financial: Choice Broking

Choice Broking has come out with its report on Spandana Sphoorty Financial. The research firm has recommended to "Subscribe'' the IPO in its research report as on August 2, 2019

  • bselive
  • nselive
Todays L/H

Given rural India as the highly underserved market for formal banking services in terms of access, SSFL strategically focuses on clients in this region and as of March 31’2019, 94.6% of portfolio was located in rural. The company offers income generation loans under the joint liability group (JLG) model, predominantly to women from low-income households in rural areas. As per the mgmt, the group consist of 8 to 10 women working as the agriculture labour. The ticket size is as small as in the multiple of few thousands below

Valuation and Outlook

At the higher price band of Rs856, SSFL’s share is valued at P/ABV multiple of 2.4(x) (to its post issue FY19 adjusted BVPS).


For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 6, 2019 06:13 pm
Follow us on
Available On