SKS Microfinance IPO, has received good response and is finally oversubscribed 13.69 times on an overall basis with the Retail Category getting overbid 2.81 times. The HNI Category has also received oversubscription of 18.26 times

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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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

QIB: 23.43 times
Non-Institutional Investors: 5.85 times
Retail: 2.99 times
Employees: 0.57 times
Overall: 13.36 times

Issue Size: 16,791,579 Equity Shares of Rs.10 each 
Issue Opens on: Wednesday, July 28, 2010
Issue Closes on: Monday, August 02, 2010
Price Band: Rs.850/- to Rs.985/- per equity share
Bid Lot: 7 Equity Shares and in multiples thereof
Lead Manager: Citigroup Global Markets India Pvt. Ltd., Kotak Mahindra Capital Co. Ltd.
Registrar: Karvy Computershare Pvt. Ltd.

Issue Size: 33,693,660 Equity Shares of Rs.5/- each
Issue Opens on: Tuesday, July 27, 2010
Issue Closes on: Friday, July 30, 2010
Price Band: Rs.270/- to Rs.290/- per equity share
Bid Lot: 20 Equity Shares and in multiples thereof
Lead Manager: HSBC Securities & Capital Markets Pvt. Ltd., ICICI Securities Ltd., IDFC-SSKI Pvt. Ltd., SBI Capital Markets Ltd.
Registrar: Link Intime India Pvt. Ltd.

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

QIB: 1.86 times
Non-Institutional Investors: 48.41 times
Retail: 13.51 times
Overall: 12.92 times