SKS Microfinance Ltd IPO Message Board (Page 36)

sks list to above 75 Rs. gain.

Applied 6 lots at the lower end. Its still struggling to get 100% subscription in retail.

Could not gather the courage to apply full blast. Just applied for 6 lots. Let us see whether this will end up in "charity"

I am grateful to boarders who have commented on the views I have expressed a couple of days ago on the issue of the SKS Microfinance IPO being over priced. In particular, I would like to respond to some.

568 says “You are right but retail investors have a habit of applying for ipos however overpriced they are”.
Boarders like him and me, can only express our views. If investors, especially retail investors, want to still go ahead and recklessly subscribe to such high priced IPOs, let us treat it as their privilege.

584 IPO UPDATE says that “SKS may subscribe in retail more than 7 times” Good luck.

As I write these lines at 1.30 p.m. on the 2nd August, the SKS IPO is inching towards full subscription in the retail quota also.

563 SJ asks me “ What figures you are showing.....?” and points out that “Loans for Full year MARCH 09 was 554 crores and for half year sep 2009 was 384 crores.....that is 30.6%..increase...and in the next half upto march 2010 it was 40% increase over march 09....so for full year fY 10 as on March 2010 reported in april 2010 was 950 crores.”

He does not say what is the net profit after tax on this loan business of Rs.950 crores in FY March 2010. Efficiency in use of capital is not merely measured in increasing income or loan portfolios, but in the reflection of the same in the margins of profit earned. As I pointed out, percentage of profit has remained static in the six month ending Sep. 09, as compared to FY ending March 09. (14.22% to 14.53%).

Micro finance companies are jumping on to lending more to weaker sections, not so much out of commitment to serve the loan starved weaker sections, but because they can get away with charging usurious 35% or more interest per year, not to speak of also charging under miscellaneous heads, several other charges.

I would advise readers to go through the article titled “High-priced SKS offer brings in controversy”, by Stephanie Storm nad Vikas Bajaj in the “New York Times” and reproduced in the “Deccan Herald” today, and come to their own conclusions.

kdly give latest sub. figure

02nd August, 2020.

I am grateful to boarders who have commented on the views I have expressed a couple of days ago on the issue of the SKS Microfinance IPO being over priced. In particular, I would like to respond to some.

568 says “You are right but retail investors have a habit of applying for ipos however overpriced they are”.
Boarders like him and me, can only express our views. If investors, especially retail investors, want to still go ahead and recklessly subscribe to such high priced IPOs, let us treat it as their privilege.

584 IPO UPDATE says that “SKS may subscribe in retail more than 7 times” Good luck.

As I write these lines at 1.30 p.m. on the 2nd August, the SKS IPO is inching towards full subscription in the retail quota also.

563 SJ asks me “ What figures you are showing.....?” and points out that “Loans for Full year MARCH 09 was 554 crores and for half year sep 2009 was 384 crores.....that is 30.6%..increase...and in the next half upto march 2010 it was 40% increase over march 09....so for full year fY 10 as on March 2010 reported in april 2010 was 950 crores.”

He does not say what is the net profit after tax on this loan business of Rs.950 crores in FY March 2010. Efficiency in use of capital is not merely measured in increasing income or loan portfolios, but in the reflection of the same in the margins of profit earned. As I pointed out, percentage of profit has remained static in the six month ending Sep. 09, as compared to FY ending March 09. (14.22% to 14.53%).

Micro finance companies are jumping on to lending more to weaker sections, not so much out of commitment to serve the loan starved weaker sections, but because they can get away with charging usurious 35% or more interest per year, not to speak of also charging under miscellaneous heads, several other charges.

I would advise readers to go through the article titled “High-priced SKS offer brings in controversy”, by Stephanie Storm nad Vikas Bajaj in the “New York Times” and reproduced in the “Deccan Herald” today, and come to their own conclusions.

Applied for 35 shares..

HNI funding has started in IPO from this IPO.

Still .4 times in HNI great !!!

.86 in retail till 1.00.

.60 times in retail till 12.00.

Retail at 12.05
NSE 0.43 times
BSE 0.23 times
Total 0.66 times

nse(0.43)+bse(0.23) : retail is 0.66

at 12 Oclock

NII -- 0.26
RETAIL-- 0.43

THANKS SINGHAL ..FOR LATEST ON G.M.P.SOME PEOPLE R JEALIOUS...AND IRRESPONSIBLE...THANKS ONCE AGAIN

SKS may not get subscribed more than 2X in retail, it has become very risky, much better options are available in secondary market

Don't spread rumour here.
GMP still holding 64-68.
Kostak 2300/-
Retail subs will cross 5 for this IPO.

sorry its 0.62 times at 12=05..in retail..sks ipo

SKS WILL EASILY AVAILABLE AT HALF A PRICE WHICH ISSUED TODAY MEANS 985%2=490 WITHIN ONE YEAR OF ALLOTMENT.

SKS may not get subscribed more than 2X in retail

Operator is vary bullish in sks. they buy@ 42/-