Jul 30, 2010

SKS MICROFINANCE IPO – To apply or not . .

SKS Microfinance is the largest microfinance institution (MFI) in India in terms of total value of loans outstanding, number of borrowers and number of branches as per the Oct ‘09 CRISIL report.

The issue is for 1,67,91,579 shares.Face value Rs 10.

50,37,474 shares reserved for retail investors.

The Price Band is 850 – 985. Minimum quantity is 7 shares and there after in multiples of 7 shares.

The most important thing is , there is a discount of Rs 50/- for retail investors.

There is great support from QIBs.(20.38 times subscribed). Issue closed on 30th for QIBs.

The issue closes on 2nd August for retail investors.

Apply. you may apply for 98 shares at the maximum as retail investor.

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