SKS Microfinance IPO closes today, bid 10.51 times till now - Indian IPO Blog

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Monday, August 2, 2010

SKS Microfinance IPO closes today, bid 10.51 times till now

SKS Microfinance IPO has been bid 10.51 times on an overall basis. The QIB Category is oversubscribed 20.38 times whereas the response in Retail Category has been feeble so far. The IPO closes for subscription today, i.e. Monday, August 02, 2010

SKS Microfinance IPO had received an IPO Grade 4/5 from Credit Rating Agency CARE. ‘CARE IPO Grade 4’ indicates Above Average Fundamentals. SKS Microfinance Ltd. is the first microfinance company in India to come up with an IPO. SKS Microfinance Ltd. is one of the largest players in the Indian micro-finance industry. Started in 1998 as an NGO, SKS transformed into an NBFC in 2005 and is regulated by the RBI

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