SKS Microfinance IPO : Listing on 16th Aug 2010

by khalid on 13/08/2010 · 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. SKS Microfinance has entered the capital market with an initial public offering (IPO) of 16,791,579 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 16th Aug 2010. The IPO was open from 28th July 2010 to 2nd Aug 2010. The price band was Rs 850 to Rs 985 and the Issue Price was fixed at the upper level of price band, Rs 985 per equity share.

IPO Listing Detail :-
Listing Date: 16th Aug 2010
BSE Scrip Code : 533228
Listing In : ‘B’ Group of Securities
ISIN : INE180K01011
Issue Price : Rs. 985.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

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 offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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