Posts Tagged ‘Microfinance IPO’

Microfinance Focus, Oct 27, 2010: As microfinance institutions are expected to increasingly approach the public stock markets to raise equity capital, the Wall Street Advisory Services (WSAS) have issued a new report on listed MFIs ‘Stocks’ Performance and Implications for Shareholder Valuations. The report looks at the share price performance for 4 major listed MFIs – Compartamos and Financiera Independencia from Mexico, Equity Bank from Kenya, ... Full story

By Bhakti Mirchandani & Sam Glasgow, Microfinance Focus , August 03, 2010 : Microfinance has attracted significant capital inflows, as well as a variety of investors into the sector with its low correlation to other sectors, robust growth, and strong financial performance.  As both committed capital and number of interested investors increase, MFIs, which historically have mainly financed growth with term loans and other simple debt ... Full story

Microfinance Focus, Aug 1, 2010: Seeing spectacular performance of SKS Microfinance IPO, other big players in the sector are also gearing up to explore the gains of capital market. Hyderabad based Spandana Sphoorty Financial Ltd, which is ranked 6th in the world and 2nd in India in terms of outreach by Microfinance Information Exchange (MIX), could be next in IPO trail as their Board is ... Full story

Microfinance Focus, July 26, 2010: India’s largest microfinance institution SKS aims to raise around 16.54 billion rupees ($353 million) by way of initial public offering (IPO) of its shares as reported by Reuters. The company has fixed the price band for the offering at 850-985 rupees per share and retail investor will get 50 rupees discount on the final price, the report says. The IPO ... Full story

Microfinance Focus, July 23, 2010: Billionaire investor George Soros' hedge fund, Quantum has recently invested in India’s largest microfinance institution SKS, picking up around 3 lakh shares in the company for a total sum of Rs 19.08 crore, (Rs 636 per share). Quantum has picked up the shares from existing shareholder Yatish Trading Company Pvt Ltd. It will hold a 0.4% stake post the issue ... Full story