SKS Microfinance IPOs

India’s largest Microfinance Ltd SKS is entering into the capital markets with an initial public offering, The IPO open on Jul 28, 2010 and end on Jul 30, 2010. SKS issue nearly 16,791,579 lacks Equity. The price band of the issue is 850-985 / share.

SKS MFI (Microfinance Ltd) is the largest Microfinance Ltd in India in terms of total value of number of borrowers and loans outstanding. They are providing microfinance services to poor individuals from rural India.

Company’s main business is offering small loans to poor women mostly located in rural areas in India. These credit (loan) are provided to such members basically for utilize in their small business or other revenue generating activities and not for individual consumption

SKS Microfinance Ltd provide loans that start at Rs. 2,000 to Rs. 12,000 exclusively to poor women’s located in rural areas.

The IPOs issue proceeds will be utilized for meet future capital requirements and attain the benefits of listing on the Stock Exchanges (NSE, BSE).

SKS Microfinance financial status

31-Mar-06, the company has reported profit after tax of Rs 16.47 Millions (total income of Rs 99.44 Millions). 31-Mar-08, profit after tax of Rs 166.62 Million (total income of Rs 1700 Million). 31-Mar-09, it has posted profit after tax of Rs 801.96 Million (total income of Rs 5540 Million).

Face Value; Rs.10

Tick Size;

Minimum Order Qty: 7 share

Market Lot: 7 share

Issue Type is 100% Book Building.

IPO Grade for SKS Microfinance Ltd

CARE has assigned IPO Grade 4 to the initial public offer of SKS Microfinance Ltd, this indicating company ‘Above Average Fundamentals’

VM.Venkatesh IPO view; good stock for Subscribe with long term view and it will provide nearly 40-50% profit with in 5 month.

Conduct details

Address: Ashoka Raghupathi Chambers, D No. 1-10-60 to 62, Opposite to Shoppers Stop, Begumpet, Hyderabad 500 016

Phone number; 91 40 4452 6000 Fax detail; 91 40 4452 6001

Email address; skscomplianceofficer@sksindia.com

Website Url: http://www.sksindia.com

Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited are the Book Running Lead Managers for SKS.

Tags

SKS Microfinance Ltd IPOs, SKS Microfinance IPO news, IPO Bidding, SKS Microfinance IPO pricing and SKS Microfinance drhp .

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Auction Market

Auction Market An auction  market is a good example of buying and selling of financial instruments (stocks) which happens on the floor of the exchange, such as ...…

How does one buy Shares?

How does one buy Shares? Shares are bought and sold on the stock exchanges ( nse , bse market ) -- the two main ones in India are the NSE ...…

Share Market investment objective

Share Market investment objective your Investment objective? they invariably answer earn money with no risk. Even though all investments have an element of threat, including the possible loss of principal, ...…

How To Make Profit From Market Corrections

How To Make Profit From Market Corrections The term "market correction" can instill fear into some stock market investors. For others, a correction means fresh share buying opportunities. Correction is a realistic scenario ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics