Posts Tagged ‘IPO’

Microfinance Focus, Aug 2, 2010: SKS public offer which received an overwhelming draw from qualified institutional buyers, couldn’t manage to attract the interest of retail individual investors as the issue remains undersubscribed 0.23 times in the portion reserved for them, according to the latest data available at Bombay Stock Exchange (BSE) at 12.05 PM today. On the National Stock exchange also the response remained weak. It ... Full story

Microfinance Focus, July 30, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Rich I.P.O. Brings Controversy to SKS Microfinance: An Indian company with rich American backers is about to raise up to $350 million in a stock offering closely watched by philanthropists around the world, showing that big profits can be made from small helping-hand ... Full story

Microfinance Focus, July 29, 2010: Microfinance lender SKS’s initial public offering received the highest bidding from institutional investor and the issue got subscribed 18 percent on the opening day. Out of the total issue size of 1.37 crores of equity shares, SKS received bids for 25.33 lakh shares, according to the latest data available on the National Stock Exchange (NSE). In the category reserved for Institutional Buyers, ... Full story

Microfinance Focus, July 28, 2010: SKS microfinance IPO which opened its subscription today is considered as expensive according to a report released by HDFC Securities yesterday. The current issue is priced a bit on the expensive side (31.4-36.3 times its FY10 EPS and 5.77-6.68 times its BV for FY10). Its smaller peer SE Investments has also risen 200% over the past 4-5 months aided by ... Full story

Microfinance Focus, July 28, 2010: Offering its outlook on the India’s first microfinance IPO which is issued today by SKS Microfinance Ltd., Jaypee Capital has recommended investors to avoid the stocks as it believes that the issue is overpriced and suggests investing after the stock lists. These recommendations were proposed in a report released yesterday from Jaypee Research. At the lower price band, the stock is ... Full story

Microfinance Focus, July 28, 2010: Setting precedent for the Indian microfinance industry, SKS Microfinance Ltd. opens up subscription of its Initial Public Offering (IPO) today. The company’s 16,791,579 equity shares will be issued at a price band of Rs. 850-Rs. 985 per equity share. Citi, Credit Suisse and Kotak Mahindra are the book-running lead managers for the offering. Out of the 16.792 million shares, 44.3% are ... Full story

Microfinance Focus, July 20, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS may fix IPO price band at Rs 600-Rs 700: SKS Microfinance is looking to raise around Rs 1,500 crore through its proposed initial public offering. With a price band of Rs 650-700 a share, the first microfinance company to go public will ... Full story

Microfinance Focus, July 17, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Maoists, mafia, MLAs and moneylenders: they are external, extortionist threats: Vikram Akula, chairman of SKS Microfinance Ltd, is arguably the most controversial figure in India’s nascent microfinance industry. As SKS’ initial public offering (IPO) approaches, the first among microfinance companies, Akula spoke in ... Full story

Microfinance Focus, July 12, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS MF gets Sebi nod for IPO; issue likely by end-July: India's largest microfinance firm, SKS Microfinance is likely to hit the market with its proposed initial sharesale by the end of this month after market-regulator Securities and Exchange Board of India okayed ... Full story

Microfinance Focus, June 24, 2010: In conversation with Microfinance Focus, Vishal Mehta, Managing Director, Lok Capital said on the sidelines of MCCM that IPOs (Initial Public Offerings) as a practice is a very useful thing to be tested in microfinance. He explained that by way of going public, microfinance organizations will keep the regulators more informed, making sure that sector’s issues will be properly addressed. ... Full story