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Track all the latest updates and news of SKS Microfinance IPO.
November 21, 2024 7:30:00 AM
Shares of microfinance lenders in India have recently experienced significant declines amid rising levels of non-performing loans.
Published by : moneycontrol.comDecember 11, 2016 5:13:00 PM
Vikram Akula’s MFI, SKS Microfinance, came under fire after it profited significantly from an IPO In the early days of microfinance, the industry’s focus rested primarily on micro lending – which was ...
Published by : World FinanceOctober 2, 2023 6:13:00 AM
SKS becomes the second microfinance institution to sell shares of the company to the public, prompting Yunus to make this derisive comment in Microfinance Focus: “The concern is that when you put an ...
Published by : ssir.orgOctober 4, 2024 4:30:00 AM
Akula and SKS Microfinance, which he founded to offer small loans to some of the world’s poorest people, were riding high after the firm’s 2010 IPO. But the euphoria didn’t last long.
Published by : Publishers WeeklySKS Microfinance Ltd IPO will list on Monday, August 16, 2010. Issue price of this IPO has been fixed at Rs 985/- per share. IPO was oversubscribed by 13.69 times (2.81 times in retail).
IPO Listing Detail
Listing Date: Monday, August 16, 2010
BSE Scrip Code: 533228
NSE Symbol: SKSMICRO
Listing In: 'B' Group of Securities
ISIN: INE180K01011
Issue Price: Rs. 985.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
SKS Microfinance Ltd IPO allotment status is now available online.
SKS Microfinance IPO was open on Jul 28, 2010 and closed on Aug 02, 2010. IPO was oversubscribed by 13.69 times (2.81 times in retail).
SKS Microfinance Ltd IPO subscribed 0.18 times on its day 1. SKS Microfinance IPO opens today on Jul 28, 2010 and will close on Aug 02, 2010 for subscription. SKS Microfinance has received bids for 25,33,587 shares as against issue size of 1,37,69,095 shares.
Oversubscription detail for Day 1
Qualified Institutional Buyers (QIBs): 0.34 Times
Non Institutional Investors: 0.05 Times
Retail Individual Investors (RIIs): 0.02 Times
Total: 0.18 Times
SKS Microfinance Ltd is entering in the capital markets with an initial public offering, IPO of 1,67,91,579 equity shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 850/- at lower level and Rs 985/- at upper level for equity share of Rs 10/-.
SKS Microfinance Ltd is the largest MFI in India in terms of total value of loans outstanding, number of borrowers, who they call members, and number of branches, according to the October 2009 CRISIL report titled India Top 50 Microfinance Institutions, or the CRISIL Report. SKS Microfinance is a non-banking finance company, or NBFC, registered with and regulated by the Reserve Bank of India, or RBI. They are engaged in providing microfinance services to individuals from poor segments of rural India.
The issue opens on Jul 28, 2010, and closes for subscription on Aug 02, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The SKS Microfinance IPO is proposed to open on July 28, 2010. The IPO application ends on August 2, 2010.
Retail investors can apply in the retail or non-institutional investor category from July 28, 2010 to August 2, 2010. The SKS Microfinance IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The SKS Microfinance IPO will open for subscription on July 28, 2010. The public issue will close on August 2, 2010.
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