Скачать или смотреть Spandana Sphoorty shares Rights issue detailed explanation in Tamil & Fundamental analysis spandana

🏦 Spandana Sphoorty Rights Issue – Key Highlights & How to Apply

📅 Rights Issue Timeline

Record Date: July 24, 2025 — Only shareholders holding Spandana Sphoorty shares on this date are eligible for rights entitlements

Rights Issue Opens: August 1, 2025 | Closes: August 11, 2025


📈 Price & Structure

Issue Price: ₹230 per share (₹10 face value + ₹220 premium) — a nearly 25% discount to the recent market price (~₹306)

Entitlement Ratio: 10 rights shares for every 41 shares held as of record date (i.e. 10:41)

Issue Size: 17,391,304 partly paid-up shares, raising up to ₹400 crore


💸 Payment Schedule

₹115/share payable on application (₹5 face value + ₹110 premium).

Balance ₹115 due through future call(s), to be completed by March 31, 2027 (or earlier), at board’s discretion


🔄 Rights Selling & Renunciation

Rights Entitlements (REs) will be credited to your Demat account and can be traded on exchange from Aug 1 to Aug 6, 2025.

You may:

Apply using your REs,

Sell them in the market, or

Let them lapse (not recommended—you lose the premium paid)



📝 How to Apply (Existing Shareholders)

You have two options:

1. Online (via Net Banking – ASBA)

Log into your bank's net banking, choose ASBA application, enter your 16-digit Demat BO ID, rights issue ISIN (INE572J20011), and apply


2. Registrar Portal (R-WAP Method)

Visit the registrar (KfinTech) site R-WAP, enter your details, and apply using ASBA or UPI options


🚫 Non-Participation?

If you don’t apply, your REs will expire after Aug 6, and you lose whatever you paid to acquire them (if purchased)


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🧠 Investor Insights & Precautions

Spandana is facing asset quality stress, with a ₹1,035 crore net loss in FY25 and gross bad loans over 5.6% — the rights proceeds are aimed at strengthening its capital base

Promoter Kedaara Capital (48%) is expected to participate fully in the rights issue, signaling confidence in the turnaround plan

Evaluate promoter integrity and asset quality before committing; partly paid shares entail a future payment obligation if applied



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📋 Quick Summary Table

Feature Details

Record Date July 24, 2025
Entitlement Ratio 10 rights shares per 41 shares held
Issue Price ₹230 (₹115 upfront, ₹115 later)
Rights Trading Window Aug 1–6, 2025
Application Period Aug 1–11, 2025
Promoter Participation Yes — Kedaara to participate
Objective Capital strengthening, asset quality
Key Risk Asset quality, partly-paid obligations



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✅ Final Checklist for Applying

1. Hold shares by July 24 (buy before ex-date July 23).


2. Check RE credit in Demat post July 25.


3. Decide to apply, sell, or lapse before August 6.


4. Apply via ASBA or Registrar portal between Aug 1–11.


5. Expect allotment by Aug 13, listing around Aug 14

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Timestamp:
00:00 Intro
00:19 Spandana Rights issue
03:20 Rights issue in detailed
04:52 Who is spandana?
07:52 Why not spandana?
07:55 Who is eligible?
10:48 ASBA IPO Apply
15:24 How to participate without holding?
17:33 Conclusion - Summary
18:13 Subscribers Talk