SKS Microfinance Ltd. (SKSML) was initially incorporated as SKS Microfinance Pvt. Ltd in September 2003 and subsequently converted into a Public Ltd company and the name changed to the present in May 2009. Core business of SKSML is to provide small loans ranging from Rs.2,000 to Rs.12,000 exclusively to poor women predominantly located in rural areas in India. These loans are provided to such members essentially for use in their small businesses and not for personal consumption.
SKSML is amongst the largest micro finance institution in India in terms of total value of loans outstanding, number of borrowers and number of branches.
Post issue promoters & promoter’s group shareholding will reduce to 37.10% from existing 55.8%.The retail investors are offered a discount of Rs.50 on the issue price.
Issue Objectives
- To augment the capital base of the company in order to meet the future capital requirements arising out of growth in the business
- General Corporate Purposes
Issue Open: July 28, 2010 - Aug 2, 2010
Issue Type: 100% Book Built Issue IPO
Issue Size: 16,791,579 Equity Shares of Rs 10
Issue Size: Rs. 1,427.28 to 1,653.97 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 850 - Rs. 985 Per Equity Share
Market Lot: 7 Shares
Minimum Order Quantity: 7 Shares
Listing At: BSE, NSE
SKS Microfinance IPO Review
SKS Microfinance Draft Prospectus
SKS Microfinance Allotment Status
SKS Microfinance Basis of Allotment
SKS Microfinance IPO Listing
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