SKS Microfinance Ltd IPO Message Board (Page 21)

PIPAVA PORT IPO

OPENING ON 23-26(25 AUG FOR QIB) AUGUST.

SURE GOOD IPO.

PORTS ARE NATURAL THING IT CANT BE EASILY CREATED, WILL COMMAND HUGE VALN IN FUTURE, ALWAYS BE IN DEMAND U CANT INCRESE PORTS EASILY.

Please let me know my application status - 229000002551771

Should list 250-300 Rs. premium over issue price of 985 /- means Retail Investor's will get around 10000/- profit per full application .... Remember my words...On listing day all " Bakar-Bakar " karne wale bakre chittorgarh chod ke bhag jayenge

please tell me name and date of next IPO coming in next week

when we recive refund of sks till now no refund recived if any know then please tell other wise its ok

Hi,

Are the demat and trading accounts credit with the shares?mine has not been till now.

SKS ka listing confirm hai kya 16.08.2010 listing @ kya lagta hai

KEY RATIOS
Prticulars (%) FY07 FY08 FY09 FY10
Yield on Advances 16.4% 20.5% 35.3% 29.4%
Cost of Funds 5.6% 7.1% 9.1% 10.7%
Spread (Yield - Cost) 10.8% 13.3% 26.2% 18.7%
Opex / Assets 7.5% 7.4% 7.3% 8.7%
Prov / Assets 0.6% 0.4% 0.4% 1.3%
RoAA 1.0% 2.3% 3.9% 4.9%
RoAE 5.1% 11.7% 18.2% 21.7%
CD Ratio 108.9% 100.4% 67.2% 110.4%
Cost to Income Ratio 79.3% 70.8% 61.8% 52.4%
GNPA 0.1% 0.2% 0.3% 0.3%
NNPA 0.1% 0.2% 0.2% 0.2%
Capital Adequacy Ratio 24.7% 24.7% 39.0% 28.3%
Growth Matrix
Income 396.7% 265.1% 211.5% 72.6%
NII 395.9% 245.9% 194.0% 87.8%
PAT 33.9% 651.4% 380.8% 119.4%
Credit 244.0% 192.4% 80.9% 107.3%
Loans 259.8% 217.2% 170.5% 26.1%







Balance Sheet
Rs,mn FY07 FY08 FY09 FY10
Assets
Net Fixed Assets 21 79 124 189
Cash In Hand and bank 565 2,752 15,470 9,735
Deferred Tax Assets 9 9 42 95
Intangible assets 31 66 66 55
Sundry Debtors 1 - 21 30
Advances 2,713 7,932 14,349 29,747
Investments - - - 2
Other Current Assets 11 49 316 623
Total Assets 3,350 10,888 30,389 40,475
Liabilities
Share Capital 266 443 479 645
Reserves & Surplus 448 1,679 6,069 8,858
Preference share capital - - 92 -
Networth 714 2,122 6,640 9,503
Secured Loans 2,490 7,898 20,971 25,796
Unsecured Loans - - 394 1,151
Current Liabilities 82 769 2,224 3,684
Provisions 64 98 160 341
Deferred Tax Liability - - - -
Total Liabilities 3,350 10,888 30,389 40,475

Valuations

The shares of SKS are priced at price to book value of 3.1x & 3.6x on the lower & upper band of the issue price of its FY11E book value. As it scales up further in the coming period, maintenance of asset quality will be a key issue for the firm. The pricing looks a bit on the steeper side than most of the listed banks & NBFC’s, but then the growth scalability, margins & return ratios shown by the firm is superior to any other listed player in this space. SKS is the market leader in its sector. SKS has a strong & proven business model and I expect the supply-demand gap to help strong growth in the coming period for the firm.


One of the Strongest Candidate for Banking License as it has got huge rural presence. Acc. to the Discussion Paper RBI is focusing on ompanies that can provide Banking Services in Tier-3 to Tier-6 towns, and SKS has got strong customer base there.


DONT SELL ON LISTING 1500, Seems to a unique business model and FII have shown great intrest for such companies in past.
CAN EASILY TOUCH 1500 in next 3 months.

Monday will be intresting... sks will be volatile ...

Swayam Krishi Sangam Microfinance Ltd (SKS) is a microfinance institution (MFI) providing small loans exclusively to poor women located in the rural areas. The loans are provided for use in income generating purpose (IGL) & not for personal consumption. SKS is registered as a NBFC-ND with RBI. SKS currently has 2,029 branches spread across 19 states in India. Currently, they serve ~6.78 mn members.

 SKS is the largest MFI in India with a total outstanding loan book of ~Rs.43.0 bn (including assigned loans). Without assigned loans, this stood at ~Rs.29.4 bn.

 SKS has a diversified product basket. Apart from providing direct loans for IGL, they also provide other services like home loan (in tie-up with HDFC); insurance (in tie-up with Bajaj Allianz); innovative loans (tie-up with NOKIA for loans against purchase of mobile phones & tie-up with Metro Cash & Carry & Future Agrovet Ltd for providing goods on credit to kirana stores); agent for distribution of mutual funds.

 SKS’s asset quality is one of the best seen in the industry with GNPA of 0.33% & NNPA of 0.16% for FY10. This has been mainly on account of the joint group lending business model that they follow, good presence across the country, technology-driven solutions & good risk mitigating techniques.

 The opportunity for players like SKS in India is immense given the demand-supply gap. Demand for microfinance in FY08 stood at $51.4 bn & supply at $4.3bn. The demand is expected to go up to $72 bn by FY11.

 SKS grew at a CAGR of 214.2% in topline, 211.9% in net interest income & 221% in its PAT between FY06 – FY10. On a y-o-y basis, the bank has grown by 72.6% in its topline, 87.8% in NII & 119.4% in its PAT from FY09 to FY10.

Income Statement
`,mn FY07 FY08 FY09 FY10
Interest Income 445 1,625 5,061 8,736
Interest Expenses 139 565 1,944 2,884
Net Interest Income 306 1,060 3,116 5,852
Other Income 12 75 479 854
Gross Income 318 1,135 3,596 6,705
Operating Expense 252 804 2,221 3,511
Profit Before Provisions 66 332 1,375 3,194
Provision & Other Exp 20 42 134 517
Profit Before Tax 45 289 1,241 2,677
Profit After Tax 22 166 797 1,748

hi guys,,,hey sks applyng for banking lisence,,,and in sakar market says that sks should list btween 1140 to 1190,,,(remember me wat i say)hey in grey market sks premium 100 rs,,,but in sakar market premium fire,,,,,,,,,,,so njoy listing

Listing date is 16.08.2010 - Monday

Happy Listing To Allllllllll

@ shreedhar

I never invested in EIL..FPO.....Government issues were multibaggers...when our fathers...in the time of badla trading used to do application...No more

Sreedhar,
What do you expect listing price of SKS?

Dear SJ,
best of luck for SKS.Hope you earn more profit per lot in SKS compared to EIL.

Dear gem,
Nice to hear that.I had asked about which SUV you bought but you did not reply ,maybe you had still not decided which one to buy.Be careful & enjoy your trip.All the best.Just ensure Stephney is fine.

Dear SJ,

Keep dreaming!! Even if gem & 500 more retailer ( ipo allotted ) place sell order @ 1050 and trading price at that moment is 1100, then his order will get executed at 1100 only & not 1050.

Fortunately, its good for gem & investor like me to sell at 1100+ and not 1050. :D

Regards,

Vishal

sreedhar,

in eil i m holding only 119*2 i will exit around 330+

in sks i m expecting 1000-1050 on moderate side , i will exit around these band,

one more thing i will be at MUMBAI on 16 aug, i have trained my brother to sell sks so i m sure i will not get the benefits of my experience in selling, after mumbai i will go to my village in BIHAR and return on 26 aug.
its a long tour with 4 of my friends in my TATA SAFARI CAR which i bought recently if u have remebered, my route for 14-26 aug will be kolkata - mumbai ( 1808 kms), mumbai - patna ( 1648 kms), patna - kolkata ( 640 kms) and small travells here and there in bihar, we will mostly travell during day and relax in nights in line hotels around NHs, there is fear in travelling in nights.i will se "BSE BUILDING" for the first time

any tips for long travell from u????

so no post from me between 15-26 august.

i will try to keep watch on any new issue in the meanwhile.