SKS Microfinance Ltd IPO Message Board (Page 66)

THE CO ONLY LENDS TO WOMEN AND HERE IS THE REASON AS PER DRHP!!!!!!!!!!!!


Focus on Women. We lend exclusively to women of the low income households, even if loan
proceeds are used in the household business that is run by the family, including the husband. We
believe that women can positively influence loan repayment in their household because they are
generally more risk averse, cooperate better in groups, and are generally more accessible than their
working husbands and can meet regularly to handle the repayment of their loans. We believe that
providing women with access to capital in this manner increases their decision making stature in
the household. As decision makers, we believe women can help direct disposable income to the
more basic needs of the home such as nutrition, education and home repairs.

FOLLOWING ARE THE INVESTMENT THAT HAS BEEN DONE IN THE CO IN THE RECENT PAST AT SUBTANTIAL LOWR PRICE COMPARED TO IPO FRICE IF HAPPENS TO BE 600/SH


(1)August 25, 2008 Allotted 517,500 Equity Shares @ 70.67

(2)March 26, 2009 Allotted 3,051,875 Equity Shares to:
(i) SIP I – 2,085,448 Equity Shares
(ii) Kismet SKS II – 885,044 EquityShares
(iii) ICP Holdings I – 81,383 EquityShares
TO ALL @ 300.00

(3)8,080 Equity Shares to Dr.Tarun Khanna August 18, 2009 Cash @300.00

(4)Allotted 416,666 Equity Shares toBALICL @ 300.00 ,December 8,2009

(5)Conversion of CCPS to Equity Shares in
the ratio of one Equity Share for every
CCPS held, allotted to:
(i) SIP I*– 6,256,344 Equity Shares
(ii) Kismet SKS II* – 2,655,131 Equity
Shares
(iii) ICP Holdings I* – 244,150 Equity
Shares
(iv) BALICL** – 1,250,000 Equity
Shares
All above 4 @ 300.00

(6)December 24, 2009 Allotted 945,424 Equity Shares to Dr
Akula pursuant to exercise of stock options granted under ESOP Plan 2007 @ 49.77

(7)December 31,2009,Allotted 17,383 Equity Shares to 16 employees on a preferential basis,@ 300.00

(8)January 19, 2010 Allotted 937,770 Equity Shares on a preferential basis to Catamaran
Management Services Private Limited as trustee for Catamaran @ 300.00

(9)March 23, 2010 Allotted 225,000 Equity Shares to Mr. Suresh Gurumani pursuant to exercise of
stock options granted under ESOP 2008 @ 300.0

SREEDHAR

WHERE DID YOU FIND THIS 600/800 CRORES PROFIT FIGURE.
IN FY'09 THEY DID NP OF 80.20 CORES, FOR 6 MONTH ENDED SEPT'09 THEY DID 55.9 CRORES. FOR THE FY'10 THEY MIGHT HAVE DONE 130 CRORES PAT. EQUITY POST IPO WILL BE 7.19 CRORE SHARES.EPS COULD BE RS 18.

BUT THE CO SAYS THAT THEY GREW 170% IN THE LAST YR, IF THAT APPLIES TO THAT PAT THEN PAT FOR FY'10 SHOULD BE 80*170% = 216 CRORES. THEN EPS = RS.30

WHATEVER IS THE FINANCIALS THE VALN IS NOT CHEAP AND I CAME TO KNOW THE PRICE FROM YOU THAT IS 300 FOR PAST PLACEMENTS, THATS NOT FAIR.

SIZE IS ALSO HUGE MEANS MORE ALLOTMENTS,PRESSURE ON LISTING TO SALE FROM HNI AND RETAIL.

BUT BUT BUT IF THIS GROWTH STORY PANS OUT WELL IN 5 YRS THIS STOCK CAN GIVE WOW RETURN,CAN BEAT ANY BENCHMARK.

BUT I ALSO THINK THIS IPO AT 600 IS NOT A BUY. I AM TOO NOT VERY EXCITED AT THIS PRICE AND MAY SKIP TOO.BECAUSE I HAVE A TENDENCY TO GO HARD OR DONT GO AT ALL.

LETS SEE THE PRICING AND TAKE FINAL DECISION THEN.CONGRATS FOR TECNOFAB.

Gem IPO Finder Jul 17, 2010 5:24:08 PM IST
THIS IS NOT MY POST SOME HAS USED MY NAME

SKS Microfinance Ltd
Trust me guys this is one the the best IPOs to hit market in 1 yr. Apply for the IPO blindly. Even if you dont get alltoment in lottery, but it in secondary market. A must in every porfolio

MIDFIELD INDUS-----GMP-------RS.17
SKS MICROFINANCE---GMP-------RS.75
HINDUSTAN MEDIA----GMP-------RS.15

Dear IPO RAJA / ALIBHAI SAKAR BAZARWALA

Kindly put your views regarding SKS Microfinance IPO . All are waiting for your comment

Microfinance is something for the lower income group and the lower middle class,whereas share market is where the bulls and bears tear apart the middle class and upper middle class. It looks quite strange that microfimance comes to share market.

HI,KAREENA SHAH

MIDFIELD NA PRIMIUM MALYA NATHI HAJI GREY MKT MA SOUDA NATHI PADYA.SHAYAD MONDAY SUDHI PRIMIUM MALI JASE..

OR SKS MICROFINANCE YOU MUST APPLY...ONE OF THE BEST CO.
SARU RITURN MALI SAKE CHHE..........RATING 4/5 MALI CHHE ,,,,,,,,,,,,,

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

ye lutne ka style hai,narainmurty and bajaj ka name judega to log fansega,sreedhar,gem and ramu ke name to log crore K.M. duur bhagega.

gem,
even though it is a very local issue for me as the SKS MBTs were found in my native village & sorrounding areas & lot of women folk in my village are initial members of SKS MBT & would be beneficiaries of this IPO as they are also selling their stake,I am excited for them but as a Individual am not terribly enthused by Mr Vikram Akula decision to go public.I agree with Honorable Younis Khan & other experts view that profits & IPOs have no palce in the industry.
Anyhow all the Juice has been removed from Company & only Molasses is left for the poor IPO investor.What else can be inferred from their decision to allot Shares to Mr Narayanmurthy & Bajaj Alliance at 300 per share in March 2010 & Now charging double i.e more than 600 per share in only 4 months time .Its is mother of all loots.Once its capital base increase profits will also level off as being witnessed in Net profit being 559 Crores for September half as against 800 Cr for year ending March 2009.So If we assume profit is at 1100 Cr for year ending March2010 then profit growth is at 40 percent & assuming its Issue price is 600 P/E will also be 40 so I don't think a company growing at 40 percent should be given a PE of 40.300 price was good for it.It may be subscribed heavily & may give listing pop but I am skipping this IPO as I am not comfortable emotionally that SKS Microfinance story which I have been an admirer of is creating a wrong precedent.Also giving of too many loans to people who can't repay them may create an avoidable crisis.

Trust me guys this is one the the best IPOs to hit market in 1 yr. Apply for the IPO blindly. Even if you dont get alltoment in lottery, but it in secondary market. A must in every porfolio

videsi style ke lutere hain,chor bazzar se book value and reserve banate hain,jhuntee sapne dikhaein hain,jo fansega nikal nahin payega,fox wale grapes hain,Sawdhan. Narainmurti iska bap hai usko share 300 mein diya aur ipo waloon ko 600 se bhi uper dega,sebi chor, ministry daku, retail investor ka paisa fokat ka hai so lutate hain,cream chor logon ke liye,retailer ke liye dhakka,fir bhee retailer 100% issue subscribe ke liye bhagega.

videsi style ke hain, bazzar se book value and reserve banate hain,jhuntee sapne dikhaein hain,jo fansega nikal nahin payega,fox wale grapes hain,Sawdhan. Narainmurti iska bap hai usko share 300 mein diya aur ipo waloon ko 600 se bhi uper dega,sebi ministry retail investor ka paisa fokat ka hai so lutate hain,cream chor logon ke liye,retailer ke liye dhakka,fir bhee retailer 100% issue subscribe ke liye bhagega.

Any body can tell what is the IPO price ?

I am tracking this company since Narayan Murthy started investing in this company (after he started Venture capital ) Its a very solid company. Here is what CARE has to say in the grading report...


The public issue of SKS Microfinance, the first-ever microfinance company in India to tap the capital market, is opening on July 28, 2010, according to CARE research report dated July 14, 2010

The report says, "The public issue of SKS Microfinance, the largest MFI in India in terms of total value of loans outstanding, number of borrowers, or members, and number of branches (according to the October 2009 CRISIL report titled India Top 50 Microfinance Institutions), has been assigned IPO grade 4/5 indicating above average fundamentals."
"The grading takes into account track record of the promoters, experienced board of directors and strong management profile. The grading also takes into account good corporate governance practices adopted by the company including presence of various committees and independence of the board. The grading considers the strong financial position with healthy margins including good asset quality, comfortable capital adequacy ratio, comfortable liquidity position and access to diverse sources of institutional funding. The grading also considers the strong industry growth in recent period with good prospects for future growth on account of large unmet potential demand," according to report."

company`s performance is their rateing,agency rateing is not their performance so check company`s history age and promoters then apply or buy

One of the Best IPO Issue. A must for your portfolio.

heing for ur response sirllo ravi sir,sir yesterday i bought 100 technofab shares.i can just hold it for 1 week or 2.should i keep it or sell.wait 4 ur response sir.