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- SKS IPO is subscribed 11 times (2 August 2010)
The SKS IPO was subscribed approximately eleven times on the last day of its issue for the institutional players. The offer is closed for retail and other investors on 2nd August. ...
- Recommendation for SKS IPO (30 July 2010)
According to Angel Broking, even though the valuations of SKS Microfinance IPO are on a higher side, the investors should invest in it on the basis of the strong performance of the company and its sustained growth in the past. ...
- SBI ties up with Oxigen & Sahyog Microfinance Foundation (30 July 2010)
State Bank of India has entered into an agreement with Oxigen Services Pvt. Ltd. and Sahyog Microfinance Foundation to offer banking services by connecting directly to SBI\'s core banking system by Oxigen web retailers. ...
- 1st day subscription of SKS IPO at 18% (29 July 2010)
The IPO by SKS received a subscription of 18 percent on its its day of opening. The majority of the bids have come from institutional investors. ...
- Jaypee Capital recommends to presently avoid investing in SKS IPO (29 July 2010)
Jaypee Capital, a research firm has recommended investors to avoid investing in the SKS IPO until after the stock lists. The lower price band of the issue is priced at 35 times the trailing EPS of financial year 2010 and 6.4 times post issue book value, which is deemed quite expensive in comparison to the MFIs globally, which trade in the range of 3.5-4.5x their book value. ...
- SKS to undertake extensive hiring (28 July 2010)
The IPO of SKS opens up today and the MFI has disclosed that it would increase its headcount to double at 42,000 by the end of the current fiscal year owning to its extensive expansion plans. By the end of last year, SKS had 21,000 employees. ...
- SKS Microfinance IPO - too expensive (28 July 2010)
SKS Microfinance IPO opens up on 28th July with a price band of Rs. 850-985 per share. As per analysts, the shares are priced to be too expensive. The lower end of the price band is a 33.7% premium to the Rs 635.58 per share at which Mr. Akula recently sold his stake to Tree Line Asia Master Fund (Singapore) Pte Ltd. ...
- Financial highlights of SKS (27 July 2010)
SKS Microfinance has earned a PBT of Rs. 267.70 crore on its total income of Rs. 958.92 crores in the FY 2010. Its basic Earnings per Share is Rs. 33. As per RBI guidelines, non-deposit taking NBFCs have to maintain CAR of 12%, while SKS has a healthy CAR of 24.8%. ...
- SKS Microfinance to offer shares at a price band of Rs. 850 to Rs. 985 (27 July 2010)
The IPO of SKS Microfinance would open on 28th July with a price band of Rs. 850-Rs. 985 per share. The issue will open for anchor investors on July 27. Book will be remained open till 30th July for QIBs and 2nd August for retail & non-institutional investors. ...
- VFS to provide interest free loans for water purifiers (26 July 2010)
Village Financial Services Pvt. Ltd. which is a Kolkata-based MFI has entered into an MoU with Hindustan Unilever Ltd to promote the use of safe drinking water among the poor. ...
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