- Friday, July 30, 2010, 17:00
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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 ...
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- Wednesday, July 28, 2010, 14:13
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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 ...
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- Wednesday, July 28, 2010, 13:55
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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 ...
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