SKS Microfinance Ltd IPO Message Board (Page 15)

As Sharanpuri has pointed has this can be one of the candidate for IPO of the decade.

I have also tried to post all the available information on this IPO from newspaper post to grey market.

Retail Investor don't sell. This is also a portfolio. This can really get you good returns over next few years.

ANY SIDE LISTING CAN BE THERE. SINCE EVERYONE IS THINKING FOR GOOD LISTING GAIN IT LOOKS LIKE IT MAY NOT LIST THAT GOOD AS BEING ASKED.

Latest GMP

SKS 72-76 Mainly buyer
BAJAJ 82-86

@1034. Thank you very much.

HEY GUSY,

I AM READY TO BUY

SKS @ Rs.1175/-

email:

.

SKS Listing price is 975/-. I am not only confident but 110% Sure. It will come below its issue price by the close of the market.

SJ,
Looking at your excitement and the way you are counting down the hours to list, I wonder whether you will be able to sleep tonight or not.

If Infosys & HDFC Bank were the IPO of 90s & TCS & Educomp the IPOs of past decade SKS Microfinance will be the IPO of the coming decade.

This will be due to huge demand & growth in Microfinance sector & excellent ethical promoters.

SO RETAIL INVESTORS DONT MAKE THE MISTAKE OF SELLING FOR LISTING GAINS JUST HOLD IF NOT BUY MORE.

i have been allotted 7 sks shares.But until now they r not showing in demat allocation.what to do?

SOME PEOPLE ON THIS BOARD QOUTED.....IMBN..Poll..on expected...price......of 1100

Well it was only voted by 241 correspondents......DO YOU THINK OUT CRORES OF INVESTORS 241 corrrespondents is a good survey size to come out with conclusion..!!

NOW NONE OF THEM GAVE THE OTHER HALF OF THAT ARTICLE OF 1100 EXPECTED PRICE...WHICH I WOULD LIKE TO THROUGH LIGHT ON TO OTHER BOARDERS.....

"A small but significant percent comprising 19% of the voters felt that SKS Microfinance could list above Rs 1500. This may seem far fetched at first glance but considering the run up in other listed NBFC stocks it may not seem so unlikely.

Some of the bigger NBFC stocks like Mahindra and Mahindra Financial, Citi Union finance and other NBFC’s have appreciated by 80% to 120% over the last six months on the news that some of them are strong contendors for the new banking licenses to be issued by the Reserve Bank of India.

Considering the strength of SKS Microfinance’s Balance Sheet and the pedigree of it’s investors, many analysts strongly feel that SKS Microfinance could be one of the few NBFC’s that may be issued Banking Licenses by the RBI.

It must also be mentioned that there was a strong appetite among FII’s for this stock and it was oversubscribed 13.55 times by foreign and domestic institutional investors. Many FII’s who were alloted a small number of SKS’s shares are expected to buy from the open market on monday."

HAPPY INDEPENDENCE DAY TO ALL BOARDERS...

WELL.....LESS THAN 24 HOURS TO GO FOR SKS LISTING

BEST OF LUCK....!!...

If Grey market premium is 105...that means 50+105....155.....yesterday night i asked my grey market cotact in kolkata he said 150....

so anybody whu is scared of SKS.....and wants to get out....just keep stop loss at 935+150= 1075.....and let it ride......if it goes to 1200-1300....you can book profits..otherwise 150 per share is you gaurenteed profits....so u can take risks for extra profits on listing day by this strategy.....

Having said that grey market premium doesnt always determine.,.....price...so first wait for it to list....!!....If it lists above...1050-1075....then it will ride higher....!!.....And if it lists at discount ......which i think will not happen.........accumulate to average out....coz i dont think a good quality stock with good fundamentals....will not come back to listing price....in 6 months time.....This is an extreme possibility ..in my view.....and will not happen....


SO THINK FOR THE BAST PREPARE WOR THE WOST

My target for people who want to book out ,..on listing day is 1250-1325....

ENJOY..!!

GMP 103

SKS has given Rs.50 discount to the retail investors, the net price works out to be Rs.935/-. It looks like it will open between Rs.1150- Rs1250 and close around Rs.1300/-

nobody wants to sell the stocks below issue price. as stock is not included in F&O,intrady shorting is not allowed by most brokerge firm on isting day,we should not be worried. stock may close around 1170-1225 on listing day

@1033. Subbu............Yes you can do so ...

Dear Santanu (1017),

My question is
"Can I make Intraday trading (buy and sell on the same day) for any stock on the listing day?"

Thanks and Regards

As per current estimates , we presume that stock will list around Rs 1050 and then it will sot up up to Rs 100 and will come down up to lavel of Rs 1000.

SKS Microfinance will close around Rs 1100 on first day of trading – IMBN Poll

In a poll conducted by India’s leading Microfinance News portal – Readers of India Microfinance Business News (IMBN) have predicted that SKS Microfinance could close at around Rs 1100 on it’s first day of trading.This will represent a gain of about 20% on the issue price of Rs 935 for retail investors.

The poll conducted among leading Microfinance Practitioners and Stock Analysts has come up with some suprising and mixed results.A total of 241 respondents had chosen to participate in the poll which closed on the night of Friday the 13th.

When asked the question ” What will be the closing price of SKS Microfinance’s Stock on it’s first day of trading ?”, 24% of respondents voted that they felt that SKS Microfinance’s shares will close in the the range of Rs 1000 – Rs 1100 while another 23% voted that SKS Microfinance will close in the range between Rs 1100 – Rs 1200 on it’s first trading day. Hence the bulk of the voters constituting 47 % feel that SKS will close at a price which is somewhere in between Rs 1100 Rs 1300 on it’s listing day.

http://indiamicrofinance.com/sks-microfinance-close-rs-1100-day-trading-imbn-poll.html

The company had priced the IPO at Rs 985 per share

Shares of the Hyderabad-based microfinance firm SKS Microfinance will debut on the secondary equity markets on Monday, 16 August 2010. The company has priced its initial public offering (IPO) at Rs 985 per share, at the top end of the Rs 850-985 per share price band. A discount of Rs 50 per share was offered to retail investors.


SKS Microfinance's IPO was was subscribed 13.69 and had garnered bids for 18.85 crore shares. The qualified institutional bidders (QIBs) had made a beeline for the IPO with the portion reserved for them getting subscribed 20.38 times. Bids were put in for 14.37 crore shares as against 70.52 lakh shares reversed for QIBs. Within the QIB category, foreign institutional investors (FIIs) put in bids for 10.67 crore shares

Domestic institutional investors (DIIs), other than mutual funds put in bids for 3.08 crore shares. Mutual funds put in bids for 61.30 lakh shares.

The category reserved for non-institutional investors (NIIs) was oversubscribed 18.26 times, while that for retail individual investors (RIIs) was oversubscribed 2.81 times.

Ratings firm CARE had assigned an IPO Grade 4 to SKS Microfinance IPO, indicating above average fundamentals.

SKS Microfinance intends to utilize the net proceeds of the IPO to augment its capital base to meet its future capital requirements arising out of growth in the business.

On 28 July 2010, SKS Microfinance raised Rs 298 crore from 36 anchor investors. The company has finalized the allotment of about 30.20 lakh shares to anchor investors at Rs 985 per share -- the top end of the Rs 850-985 price band for its IPO.

SKS Microfinance is India's largest microfinance company in terms of total value of loans outstanding, number of borrowers and number of branches. It is engaged in providing microfinance services to individuals from poor segments of rural India.

Gross revenue of the SKS Microfinance grew at a CAGR of 176% in last 4 years ended March 2010 while net profit rose at a CAGR of 223% over the same period.

HUM TO BHARE BAAZAR LUUT GAYE @ 985.

LOOT LIYA KOOT DIYA