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Track all the latest updates and news of SKS Microfinance IPO.
May 5, 2016 3:29:00 AM
In August 2010, the company had a highly successful initial public offering (IPO) where the issue was oversubscribed by nearly 14 times. Even today, SKS is the only microfinance company to be ...
Published by : MintMarch 24, 2015 3:30:00 AM
While SKS has been through its fair share of struggles in the last four years, things are starting to look better for India�s only listed microfinance company. Immediately after the IPO ...
Published by : MintDecember 11, 2016 4:13:00 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 FinanceMay 30, 2022 5:01:00 PM
Hyderabad-based microfinance institution, SKS Microfinance has raised $37.3 million in its Series C funding. Apart from the existing investors, Sequoia Capital, Vinod Khosla and Odyssey Capital, two ...
Published by : SiliconIndiaOctober 2, 2023 5:13:00 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.orgJune 4, 2019 7:40:00 AM
Bangalore: SKS Microfinance has inked pact with three private banks for deploying an integrated cash management system (CMS) for 575 of its rural branches. The microfinance institution, which has ...
Published by : SiliconIndiaJune 15, 2022 5:45:00 AM
SKS Microfinance Limited will soon apply for a small finance bank license. The company board has approved the proposal for filing the license application to Reserve Bank of India (RBI). The ...
Published by : Business Insider IndiaJune 3, 2024 6:17:00 AM
SKS Technologies Group Limited (AU:SKS) has released an update. SKS Technologies Group Limited has announced the issuance of 1.5 million unquoted employee options with expiration dates ranging ...
Published by : NasdaqJune 12, 2024 7:17:00 PM
CrowdStrike marks the 5-year anniversay of its IPO with significant milestones and momentum and ... [+] being added to the S&P 500. As CrowdStrike marks the fifth anniversary of its IPO ...
Published by : ForbesJanuary 10, 2024 1:30:00 PM
However, SEBI�s decision to suspend Asirvad Microfinance�s IPO is expected to cause a delay in its listing. According to a source-based report from CNBC-TV18, SEBI has raised three queries on ...
Published by : Benzinga India on MSNMay 1, 2024 6:37:00 AM
Asirvad Microfinance IPO: Capital market regulator Securities and Exchange Board of India (Sebi) has given its go ahead to the Initial Public Offering (IPO) of Asirvad Microfinance. Asirvad ...
Published by : MSNFebruary 7, 2017 2:30:00 AM
Like most SKS rifles, our Yugo lacked a return spring on its firing pin, allowing the pin to free float or, possibly, jam in the bolt body, which could result in a slamfire. While such a condition ...
Published by : American RiflemanSKS 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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