Posts Tagged ‘sks ipo’

Microfinance Focus, September 28, 2010: India’s largest microfinance institution, SKS Microfinance has announced a 265% increase in its Profits After Tax (PAT) at INR 67 crores for the first quarter ended June 30, 2010, over the corresponding period a year ago. The company’s income from microfinance activities rose 92% to INR 284 crores from INR 148 crores in the same period in financial year 2009. During the ... Full story

Microfinance Focus, Aug 16, 2010: SKS Microfinance, India’s largest microfinance institution started trading on country’s stock exchanges today after raising more than rupees 1600 crores through initial public offering of 1.6 crore shares in July this year. It has listed at Rs. 1040 and was trading at Rs. 1113 at 10.00 am on National Stock Exchange (NSE). At Bombay Stock Exchange (BSE) it was trading at ... Full story

Microfinance Focus, Aug 3, 2010: Indian microfinance institutions who have been nurturing the financially excluded sections of the nation for years against all odds are riding high on the success of the SKS microfinance IPO and are even more excited about the opportunities that the issue has laid open to them. Speaking to Microfinance Focus, Mr. Suresh K Krishna, the Managing Director of Grameen Financial Services ... Full story

Microfinance Focus, Aug 3, 2010: Retail Individual Investors (RIIs) oversubscribed SKS’s initial public offering 2.81 times as per the latest data posted on National Stock Exchange website on Aug 2 at 8.30 PM. In the portion reserved for Non-Institutional Investors it was subscribed 18.26 times. Non-Institutional investors include corporate and individuals other than RIIs. Over all the issue was subscribed 10.24 times and received a total ... Full story

Microfinance Focus, July 30, 2010: The initial public offer of SKS Microfinance was subscribed 8.64 times at the end of its third day according to the latest data available at NSE. The IPO received a total bid for 118994988 shares against the total issue size of 13769095 shares. It received an overwhelming support from qualified institutional buyers who oversubscribed it 3.6 times as per the BSE ... Full story

Microfinance Focus, July 30, 2010: As per the latest data available on the BSE cumulative demand schedule, qualified institutional buyers (QIBs) have oversubscribed SKS microfinance IPO 3.6 times. For the total issue size of 1.37 crores of equity shares buyers bided for 2.5 crores of shares, subscribing it 1.8 times. Today was the last day for QIBs to subscribe for the issue. The issue will remain ... Full story

Microfinance Focus, July 17, 2010: Credit Analysis and Research Ltd. (CARE Ratings) has assigned a ‘CARE IPO Grade 4’ to the proposed IPO of SKS Microfinance Ltd. The grading indicates ‘Above Average Fundamentals’. The grading reflects SKSML's position as one of the largest players in the Indian microfinance industry having pan India operations with a well diversified portfolio. ... Full story

Microfinance Focus, June 24. 2010: SKS Microfinance which is going to be India’s first microfinance company to list on the Stock Exchanges may hit the market in the next week, subject to regulatory approvals. It plans to sell 16.79 million shares in its initial public offering (IPO). The firm plans to issue 7.44 million fresh shares while the rest will be sold by existing stakeholders ... Full story

By Vikash Kumar & Daniel Rozas * Microfinance Focus , May 12, 2010 : SKS Microfinance, India’s biggest lender to the poor, is soon to become the nation’s first microfinance company to list on the Stock Exchange. In the past 10 years, it has evolved from an NGO to a public limited company and has set many benchmarks for the industry to follow. Microfinance Focus presents ... Full story

Microfinance Focus, April 27, 2010: Mr. Sam Daley-Harris, CEO of Microcredit Summit, shared frank and candid opinion on the issue of rapid commercialization in the microfinance sector in an exclusive interview with Microfinance Focus. Responding to the  question of whether rapid growth in microfinance has caused recent problems like multiple borrowing and mission drift, He ... Full story

Microfinance Focus, April 8, 2010 (Nairobi/Kenya): Microfinance pioneer and Nobel Laureate, Dr. Muhammad Yunus has raised several concerns over SKS Initial public offerings in an exclusive interview with Microfinance Focus on the sidelines of Regional Microcredit summit at Nairobi (Kenya). SKS is an India based fastest growing NBFC- Microfinance in the world. SKS ... Full story