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Offers From HDFC Securities |
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| Issue Period |
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July 28– August 02, 2010 |
| For QIB |
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July 28– July 30, 2010 |
| Price Band |
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Rs.850/- to Rs.985/- |
| Lot Size |
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7 Equity Shares and Multiple of 7 thereafter. |
| Retail Discount |
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Rs.50 per share on allotment |
| Issue Size |
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Rs.1654 crores |
| IPO Grading |
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"CARE IPO Grade 4" |
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Key Features
- SKS Microfinance is India’s largest and the world’s fastest- growing microfinance organization. It aims to empower the poor by providing them collateral-free loans for income-generation. SKS extends these loans to women who use it to scale up their enterprises and get themselves and their families out of poverty.
- It leverages its equity to raise debt from public sector, private sector and multinational banks operating in India. This capital has helped the organisation scale up operations and reach out to millions of poor households across the length and breadth of India.
- Hyderabad-based SKS Microfinance is looking to raise Rs 1,000 crore from its upcoming public flotation , whose progress is being keenly watched as it is the first share issue by a company in the fledgling microfinance sector.
- It also has set global standards for transparency, having twice received recognition in CGAP’s worldwide microfinance transparency competition. It has a large team of internal auditors who monitor branch level activities on a monthly basis.
- The Company’s gross income for the year ended 31st March, 2010 has increased to Rs. 958.93 crore from Rs. 554.00 crore in the previous year registering a growth of 73.1 percent. The companies’ Return on Equity stands at 21.54 percent for the same period.
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