SKS Microfinance IPO : Files DRHP with SEBI

by khalid on 01/06/2010 · 0 comments

SKS Microfinance is India’S largest microfinance lender. The company is the first microfinance institution (MFI) in the country to go for a listing. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI on 29th Mar 2010 to float its IPO. The company wants to raise money from primary market with an IPO of 16,791,579 equity shares of face value Rs 10, with a premium decided by the 100% book building process. The money raised by this proposed IPO would be around US$250 million (Rs 1000 crores).

The company want to raise money from primary market with this IPO for augment their capital base to meet their future capital requirements arising out of growth in their business and to achieve the benefits of listing on the Stock Exchanges.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Kotak, Citi, Credit Suisse.

Registrar to the issue is Karvy Computershare Private Limited Hyderabad.

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