SKS Microfinance IPO Price Band fixed - Indian IPO Blog

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Monday, July 26, 2010

SKS Microfinance IPO Price Band fixed

The Price Band for the upcoming IPO of SKS Microfinance Ltd. is fixed at Rs.850/- to Rs.985/- per equity share

SKS Microfinance is the largest MFI in India in terms of total value of loans outstanding, number of borrowers and number of branches. SKS Microfinance aims to empower the poor by providing them collateral-free loans for income-generation

The proposed IPO of SKS Microfinance Ltd. has received an IPO Grade 4/5 from Credit Rating Agency CARE. ‘CARE IPO Grade 4’ indicates Above Average Fundamentals. CARE assigns IPO Grades on a scale of Grade 1 to Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

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