After Spandana Sphoorty, IPOs of more MFIs and SFBs expected in near future

Almost a decade after Spandana Sphoorty, a Hyderabad-based microfinance institute, shelved its initial public offering (IPO) plan, it hit the capital market on August 5, with a plan to raise about Rs 1,200-crore. 

The next few quarters and the financial year are expected to see a number of microfinance firms and small finance banks getting listed, as the sector shifts from being a promoter and private equity investment-driven to a market-driven sector.  

At least two other MFIs are planning an IPO soon - Arohan and Muthoot Finance. Last year, CreditAccess Grameen got listed on the exchanges. Apart from this, Satin Creditcare