SKS Microfinance which is India’s largest microfinance company will list on exchanges on Monday, August 16, 2010.It has fixed issue price at Rs 985 per share, at higher end of price band of Rs 850-985.
Investors can check if they have been alloted SKS Microfinance shares at the link below
The company has received more than Rs 1600 crore through the offering of 168 lakh equity shares. Retail investors received shares at a discount of Rs 50 per share.
The issue was subscribed 13.69 times. Qualified institutional investors’ reserved portion was subscribed 20.38 times, non-institutional investors 18.26 times and retail investors 2.81 times.
SKS Microfinance’s IPO was able to attract blue chip foreign institutional investors which included funds managed by Morgan Stanley, BNP Paribas, Soros’s Quantum Fund, Goldman Sachs Group, JPMorgan Chase, Nomura Holdings and Fidelity Investments.