SKS Microfinance Ltd IPO Message Board (Page 60)

SETU JAIN,

YOUR INFO SEEMS TO BE CORRECT AS THERE AR FEW SELLERS & GREY MKT PREMIUM IS SHOOTING UP.OVERWHELMING RESPONSE IS ASSURED IN QIB N HNI CATEGORIES .HOW MUCH DO U EXPECT IN RETAIL .Agbank IPO was a22 billion uds ipo n was oversubscribed 1300 cr rs in comparison is nothing.

how much is the per application rate .in delhi its hovering around 2500 rs

no it is 62 rs. dear....at 6 pm i have brought for my client at 60......dont be suprised if it goes to rS 100 IN FEW DAYS

Sorry for the information given in one of my earlier posts that the price band is 455 to 515.The source from which I gave the information is now not showing any price band. So that information seems to be wrong. Sorry again.

CURRENT G.M.P. IS 50 FOR SKS MICRO

sks gmp 60. form kostak 2500

WHAT IS THE LATEST GMP OF SKS MICROFINANCE ?PLZ RPL ME AS EARLY AS POSSIBLE URGENT,

SKS IPO

According to todays ET, Company is planning to double its headcount from 21k to 42K. it means company is expecting to grow more than 100%. There is huge untapped market in microfinance and its story will continue for atleast 2-3 years. I have been tracking this company for last one year. I think its worth investment and investor will get more than 50% return by year end.

Prakash Steelage IPO To Open On August 5
by Deeshesh Chheda | July 23,2010 - 12:02 PM

Topics : I.P.O. / Offerings
Industries : Basic Industries

Share |
Prakash Steelage is raising upto Rs.70 Cr through IPO by diluting 35.71% stake.

It is issuing 62.5 lakh shares. The IPO will open on 5th August and will close on 10th August, 2010 and the price band has been fixed at approximately between Rs.100 and Rs.110.

The funds raised will be used to increase production capacity at Umbergaon, Gujarat, for working capital needs and other corporate purposes.

Keynote Capital is the book running lead manager for the issue.

Reference: SEBI


Transaction Note

Prakash Steelage is engaged in manufacturing of seamless & welded stainless steel pipes, tubes and U-tubes.

Part of the IPO amount will be used to increase production capacity at Umbergaon, Gujarat from exisiting 8,200 tpa to 15,000 tpa. It has other plant at Silvassa with a capacity of 4,000 tpa, which will take the total capacity to 19,000 tpa.

It has proposed to start producing duplex, super duplex and super austenitic pipes and tubes. It supplies to BHEL, Essar Heavy Engineering Services, Siemens and UK-based Profins.

For 2008-09, it reported a revenue of Rs.322.47 Cr with a net profit of Rs.7.49 Cr for the same period.

Breaking News !!!


GM plans to file for IPO during week of Aug 16

General Motors Co plans to file its registration for an initial public offering during the week of August 16, just after the expected date for its second quarter results, according to two people with direct knowledge of the preparations.

A GM filing with the US Securities and Exchange Commission would be the first step toward an IPO to reduce the US government's ownership in the automaker after a USD 50 billion bailout in 2009.

Hi Prasanna @ 121.

Excellent and all valid points.

But we will not keep quiet.

We want quick money.

If we can get 10 to 15% of our allotment money, we are a happy lot.Long term, all of these will certainly happen.
But there will be a first time only once.SKS will be the FIRST MFI to hit the market and people are standing in a Q to apply.What to do.Even Narayana Muthy, Infosys co-founder is also doing the same thing through his Catamaran investment.Paise ka maamala hi bhai!!

But our time span is 25 days between applying and getting listing gains for some chai ka karcha.

You also join the line or you will end up being a bystander missing out on all the action.

HI,ANURADHA

KYA YAAR TU RAT KO SOTI NAHI KYA ?ADHI RAAT KO BHI YAHI KAM KARTI HAI?

SHAYAD SKS MICRO APPLY KARENGE LIKI RATE ABHI TAK DECLARE NAHI HUA HAI OR PRIMIUM 45/50 SUNNE ME AA RAHA HAI....

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

PRAKASH STEELAGE IPO

OPENS FROM 5-10 AUG
PRICE BAND 100-110
ISSUE SIZE RS.70 CRORES

SAW ON BLOOMBERG UTV

NOT MY POST-

gem ipo finder Jul 23, 2010 11:51:30 AM IST
SKS Microfinance Ltd
price band declared now its rs 525 to rs 575

current gmp is 52 please dont isgude people about price band...let it be announced officaly....yesterday somebopdy said between 475-520 today somebody is saying 525-570.....whum to believe...plz wait for pric band to be announced....it cannot be beow 600 though

price band declared now its rs 525 to rs 575

SKS MF is an excellent scrip with an awesome figures..The firm has been growing at a rate of 175-200% in terms of portfolio, member base, profits etc. since last 4 years continuously. There is a huge scope to be tapped by the company.
The best thing is it has a link with 75L poor women which on an average totals 3 crore individuals (considering 4 individuals/family) linked to it. This is the biggest network by any company with the rural untapped market which can be utilised by any other company to link themselves with this untapped rural market.
So, the future is just too bright for the company.
Go ahead and buy as much as possible.
The price band should be b/w 650-700, however, it might touch 900 in short term and 1500 by the year end.

As per today's Eco Times 1st page"Twists in retails" Mr kishor Biyani group is interested in using "retail chain" of SKS microfinance.
Interesting development.
milinds

TEN REASONS WHY ONE SHOULD NOT INVEST IN SKS MICRO FINANCE IPO



1.      Unethical business: The Company is charging interest around 40% p.a. on money lent to the poor and down trodden.


2.      Unsustainable business model: The business model will not sustain in the long -run.


3.      No commitment from the promoters: SKS’s founder and chairman sold his shares to Tree Line Asia Master Fund (Singapore) Pte for $12.9 million in Feb. this year.


4.      Look at the salary of top executives :

Suresh Gurumani - Managing Director of the Company. The total monthly salary is Rs. 12, 50,000. In addition to the above, Mr. Suresh Gurumani was paid onetime bonus of Rs. 10,000,000, in April 2009.

Dr. Vikram Akula - chairman Rs 70.00 lacs p.a. In addition, ESOP amounting to Rs10.97lacs, totaling Rs 1.79cr p.a.


5.      Mohd. Yunus says - “I get very worried when investment funds come to microfinance,” said the founder of Bangladesh’s Grameen Bank, which pioneered the industry by giving small loans to rural women to start their own businesses. “I don’t want to excite businessmen that there is profit to be made here,”


6.      The IPO will make the promoters, and other venture capitalists including some P/E funds that have stakes in these companies’ millionaires. The hapless borrowers continue to live in abject poverty.

7.      Government /RBI will not be mute spectators to the exploitation.
They are bound to regulate the segment. This will make the business un- attractive.


8.      Financial inclusion initiatives taken by the public sector banks will marginalize the micro finance business. Do not buy the theories put forth by the BRLMs to sell the issue.




9.      The average cost of acquisition of shares by promoters is less than Rs50/-The Company has limited period of history and no dividend payment record.


10. The Andhra Pradesh government has constituted district level ‘Task Force Committees’ (TFCs) to investigate the unethical practices of micro finance institutions in the state. The committees were constituted after the government received many complaints against the loan shark practices adopted by some leading MFI’s of the state.

KOSTAK RARE 1900/- BUYER

I wud agree with nss. The price band wud be between 900-1000. i dont know from where did the price band of 450-515 came. Where in the last transaction had happened for Rs. 636.