SKS Microfinance IPO : Finally subscribed 13.69 times

by khalid on 04/08/2010 · 2 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 IPO of SKS Microfinance has received a good response from the investors with the final over-subscription figure reached to 13.69 times on an overall basis. The IPO has managed to garner a magnificent response from QIB Category where it overbid by 20.38 times on the final day.

The category-wise subscription status of SKS Microfinance on closing day is given below:-

QIB : 20.38 Times
Non-Institutional Investors : 18.26 Times
Retail Investors : 2.81 Times
Overall : 13.69 Times

The proceeds of the IPO will be used to meet future capital requirements arising out of growth in 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).

The book running lead managers to the issue are Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited.

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SANGITA HARLALKA April 22, 2011

sks microfinance ltd IPO APPLICATION NO 16419328 APPLY RS 48265.00 REFUND RS 31435.00 SHARE ALLOTED 18 SHARS BUT CREDITED ONLY 7 SHARES BALANCE SHARES=11 PENDING

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SANGITA HARLALKA April 22, 2011

SKS MICROFINANCE LTD APPLICATION NO16419328 ALLOTED 18 SHARES BUT CREDITED ONLY 7 SHARES

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