SKS Microfinance IPO : Opening on 28th July 2010

by khalid on 25/07/2010 · 3 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 is entering into primary market with an Initial Public Offer (IPO) of Rs 1,300 Crore. The IPO is opening on 27th Jul 2010 and the shares will be available for subscription up to 2nd Aug 2010. The premium of the issue will be decided through a 100% Book Building Process.

Promoters of the company are Dr. Vikram Akula, SKS Mutual Benefit Trusts, MUC, SKS Capital, SCI II and Sequoia Capital India Growth Investments –I .

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).

Issue Detail:-
Issue Open : 28th July 2010 – 2nd Aug 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 16,791,579 Equity Shares of Rs 10 each
Issue Size : Rs. 1,427.28 – 1,653.97 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 850 – Rs. 985 Per Equity Share
Market Lot : 7 Shares
Minimum Order Quantity : 7 Shares
Listing At : BSE, NSE

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

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{ 2 comments… read them below or add one }

qureshiwahidarehman mohd.arif July 25, 2010

hello sar iam qureshi wahida and iam work for humen right .in 2002 yer. and this yer iam start women s.h.g. groop and women ecnomi help socity am the rajisterd.in trust and socity act. toody we need our women empour goorp for economi help so your sks. compni help our women socity .or get our women mandal.seeking Microfinance.so turn the bissnes started with your help thnks.sks. groopand compny from ; qureshi wahida rehman janswarajtrust ahmedabadgujrat

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khalid July 25, 2010

Hi Wahida

SKS Microfinance Pvt Ltd operates as a microfinance organization and non-bank finance company. you beter visit http://www.sksindia.com/ and contact them for registering your organization there.

Thanks

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