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SKS Microfinance IPO Price Band Revealed

SKS Microfinance Price Band will be  between Rs 850-985 per share, said sources, who could not be named as they were not authorised to speak to the media. Retail investors are expected to get a Rs 50 discount on the final price, they added.

The IPO is expected to be launched on Wednesday and will close on Aug 2,2010 . Citigroup, Kotak Mahindra and Credit Suisse are the lead book running managers for this Initial Public Offering.

Most analysts were expecting a price band of between Rs 650- Rs 700. The current price band is definitely going to ruffle up more than a few potential investors. More updates will follow as details emerge.

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