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PRODUCT NOTE
SKS MICROFINANCE LTD.
OPENS ON : 28.07.2010 CLOSES ON : 02.08.2010
Company Details:
  • SKS Microfinance is the largest MFI (Micro Finance Institutions) in India in terms of total value of loans outstanding, number of borrowers and number of branches, according to the October 2009 CRISIL report titled India Top 50 Microfinance Institutions.

  • SKS Microfinance is a non-banking finance company, or NBFC, registered with and regulated by the Reserve Bank of India, or RBI. They are engaged in providing microfinance services to individuals from poor segments of rural India.

  • SKS uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans

  • SKS distributes small loans that begin at Rs. 2,000 to Rs. 12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall.

FINANCIALS: as on 31.03.2010

Particulars

Amount (Rs. In mn)

Income from operations

8735.70

PBT

2677.01

PAT

1748.40

EPS

32.98
IPO GRADING
  • Fitch has assigned an IPO Grade 3 to DQ Entertainment (International) Ltd IPO. This means as per Fitch, company has 'Average Fundamentals'.
    		•
    Issue Details:
    Issue Open : Jul 28, 2010 - Aug 02, 2010
    Issue Size : 16,791,579 Equity Shares of Rs. 10 
    Face value : Rs. 10 Per Equity Share
    Issue Prize : Rs.850 - Rs.985 Per Equity Share(Discount of Rs. 50 / Share on allotment for Retail)
    Market Lot : 7 Equity Shares
    Listing At : NSE & BSE
    Rating: CARE has assigned IPO Grade 4 in the rating scale of 5 to the IPO of SKS Microfinance Ltd that shows that the Company has above average fundamentals.
    ISSUE STRUCTURE
    S. No. Main Category No of equity shares reserved for the main category
    1. QIB 1,00,74,948 shares(60% of net issue size)
    2. Non Institutional 16,79,157 shares (10% of Net issue size)
    3. Retail 50,37,474 shares (30% of Net issue size)
    Total 1+2+3 1,67,91,579 Equity Shares

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