Market Spandana Sphoorty Financial shares erase losses, rise 23% from day's low Updated : August 19, 2019 03:45 PM IST Most brokerages had recommended subscribing to the Spandana Sphoorty IPO with a long term perspective The IPO was subscribed 1.05 times on the closing day of the bidding. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.