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Incorporated in 2003, SKS Microfinance Ltd is the largest MFI in India in terms of total value of loans outstanding, number of borrowers, who they call members, and number of branches, according to the October 2009 CRISIL report titled India Top 50 Microfinance Institutions, or the CRISIL Report. 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. Company's core business is providing small loans exclusively to poor women predominantly located in rural areas in India. These loans are provided to such members essentially for use in their small businesses or other income generating activities and not for personal consumption. These individuals often have no, or very limited, access to loans from other sources other than private money lenders that they believe typically charge very high rates of interest. 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 Microfinance is an effective tool that can help reduce poverty and spread economic opportunity by giving poor people access to financial services, such as credit and insurance. 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.
Dr. Vikram Akula, SKS Mutual Benefit Trusts, MUC, SKS Capital, SCI II and Sequoia Capital India Growth Investments are the Promoters of the Company.
| Particulars | For the year/period ended (Rs. in Millions) |
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 |
| Total Income | 3,846.88 | 5,539.99 | 1,700.08 | 456.66 | 99.44 | 0.70 |
| Profit After Tax (PAT) | 559.01 | 801.96 | 166.62 | 22.06 | 16.47 | 0.38 |
The object of the issue are:1. To meet future capital requirements arising out of growth in business; and2. To achieve the benefits of listing on the Stock Exchanges.
»» Issue Open: Jul 28, 2010 - Aug 02, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 16,791,579 Equity Shares of Rs. 10
»» Issue Size: Rs. 1,653.97 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 850 - Rs. 985 Per Equity Share
»» Market Lot: 7 Shares
»» Minimum Order Quantity: 7 Shares
»» Listing At: BSE, NSE
SKS Microfinance Ltd IPO Grading / Rating
CARE has assigned an IPO Grade 4 to SKS Microfinance Ltd IPO. This means as per CARE company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for SKS Microfinance Ltd .
Check IPO Ratings from other stock analysts.
SKS Microfinance IPO Tags:
SKS Microfinance Ltd IPO, SKS Microfinance IPO, SKS Microfinance IPO Bidding, SKS Microfinance IPO Allotment Status, SKS Microfinance drhp and SKS Microfinance Ltd IPO listing.
Retail Discount
A discount of Rs.50 to the Issue Price of Rs.985 has been offered to Retail Individual Bidders (the "Retail Discount"). Issue price for Retail Retail Individual Bidders for this share is Rs. 935.
| Number of Times Issue is Subscribed (BSE + NSE) | | As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Total | | Shares Offered / Reserved | 7,052,464 | 1,679,157 | 5,037,474 | 13,769,095 | | Day 1 - Jul 28, 2010 17:00 IST | 0.3400 | 0.0500 | 0.0200 | 0.1800 | | Day 2 - Jul 29, 2010 17:00 IST | 1.4400 | 0.0500 | 0.0700 | 0.7700 | | Day 3 - Jul 30, 2010 17:00 IST | 20.3800 | 0.1300 | 0.1600 | 10.5100 | | Day 4 - Aug 02, 2010 20:30 IST | 20.3800 | 18.2600 | 2.8100 | 13.6900 |
SKS Microfinance Ltd IPO Alerts
1. Friday, August 13, 2010 10:34:49 AM
2. Thursday, August 12, 2010 12:30:50 AM
3. Wednesday, July 28, 2010 8:35:13 AM
4. Sunday, July 18, 2010 11:02:40 AM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Monday, August 16, 2010 |
| BSE Scrip Code: | 533228 |
| NSE Symbol: | SKSMICRO |
| Listing In: | 'B' Group of Securities |
| Sector: | Financial Services |
| ISIN: | INE180K01011 |
| Issue Price: | Rs. 985.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 985.00 |
| Open: | Rs. 1,036.00 |
| Low: | Rs. 1,036.00 |
| High: | Rs. 1,159.90 |
| Last Trade: | Rs. 1,088.58 |
| Volume: | 6,829,049 |
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| NSE |
| Rs. 985.00 |
| Rs. 1,040.00 |
| Rs. 1,040.00 |
| Rs. 1,162.00 |
| Rs. 1,088.65 |
| 13,782,374 |
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SKS Microfinance Ltd IPO Links
Book Running Lead Manager(s)
SKS Microfinance Ltd IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
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| 1284. Singh Sep 07, 2010 2:55:21 PM IST Report Spam! |
Volume in SE seems to be increasing today but not not much.
Price not moving yet.. |
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| 1283. SilentOne Sep 07, 2010 12:53:03 PM IST Report Spam! |
@sj: SE is in tight operator grip.Anyway 13th should see more action ;-)
S.E. Investments Ltd has informed BSE that the 18th Annual General Meeting (AGM) of the members of the Company will be held on September 13, 2010....
@ SILENT ONE
bOSS 6TH SEPTEMBER KO AGM HAI AUR us din right date announce hoga so hold then it will move up...as it has always done after bonus and right anouncement |
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| 1282. Ravi, Bangalore Sep 06, 2010 12:10:34 PM IST Report Spam! |
1279. NSN
Lot of SMS is doing round to buy for short-term. |
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| 1281. T.C Sep 03, 2010 10:25:17 PM IST Report Spam! |
| Sks= sab kus saaf walay ki ma bahen ki saaf, salay nay lose kara diya. |
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| 1280. RAJESH Sep 03, 2010 4:58:18 PM IST Report Spam! |
Dear All,
I think SKS Microfinance is a strong containder to get Banking License,So u can understand what will be the Share Prices. |
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| 1279. NSN Sep 03, 2010 2:08:40 PM IST Report Spam! |
| JSW ENERGY'S POWER PLANT UNITS OF 2 * 300 MW GETTING COMMISSIONED THIS MONTH AT TORANAGULLU PLANT |
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| 1278. Singh Sep 03, 2010 11:48:55 AM IST Report Spam! |
Hi SJ
Whats your view on Consolidated Securities Ltd ?
The company had last year EPS 17 and is trading at rs 62 which is less then 4 PE.
The company has announced buyback of shares at maximum of Rs. 136.50 which is double of current market value but share to too illiquid and is not moving at all. |
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| 1277. K.K.Natarajan Sep 03, 2010 6:14:46 AM IST Report Spam! |
Dear SJ,
Thanks for your views on Reliance. I don't intend to buy now. I actually had Reliance shares a few years back, when Reliance Petroleum shares were converted into Reliance. I sold them for pittance as Ambani brothers were continuously fighting and I needed money. Somehow they got to know the news that I sold Reliance shares (!) and came to an agreement and then the shares went up like anything. I have not touched Reliance after that. Now I asked only out of academic interest as it is falling continuously in an up market. |
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| 1276. Sj Sep 02, 2010 10:58:44 PM IST Report Spam! |
Dear KK (Bajaj) Natrajan Corp....Lol...
Thanx..
By the way reliance is falling becoz of two resaons...
A) People are expecting extraordinay financial performance from Reliance from its refinery sales and they are getting dissaponted and impatient..However they dont realise that these things take time to show results
B) Analysts are getting baffled as to why they are selling treasury shares and diluting stake and buying something totally unrelated to their core business like HFCL Infotech or Indian Hotel or Suzlon (still uncomfirmed) news.
Analysts are always wrong in their judgement
They judged Bharti in the same way when it acquired Zain most of them downgraded it and now have suddenly upgraded it
They were negative about Tata Motor buying JLR and downgraded it and now they are reccomending accumulate on Tata Motors..
Having said that..my personal view is if you want to buy Reliance for long term say 5-10 years it is agood story. Personally i believe that You should buy large caps in Stock market crash or when there is some abrupt developments in that sector and it is in distress or some thing adverse happens temporarily in the company
So if you had bought reliance at 500 when the Ambani brother division of various companies happened then you would have got 4 times return in 2007 peak.
If you would hae bought it at 800 in 2008 crash at 800 you would have made 3 times return now.
So basically large caps like reliance shud we bought in big crashes and adversities in the sector or company...
Regards
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| 1275. K.K.Natarajan Sep 02, 2010 7:22:24 PM IST Report Spam! |
Dear S(J)KS,
Congratulations! |
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| 1274. sj Sep 02, 2010 7:02:16 PM IST Report Spam! |
dear boarders
sks reached my first target of 1280 today as i had said in my estimates...
Next target based on fy12 eps of 68 is 1950 .......target 1450 after october quarter results....
Watch this space |
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| 1273. ramesh Sep 01, 2010 9:03:37 PM IST Report Spam! |
Hi guys, I have recentle strated at this site. The quality of posts n ppl r very gud. keep up the gud work.
I hav one fundamental doubt if any one of u can clarify how can a retail investor apply in any IPO as an HNI can I also apply for more tha 1 laks amnt sacrificing the discount etc How safe it is? can I do thru icicidirect? Any info is welcome ! Thanks |
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| 1272. Sj Sep 01, 2010 8:05:47 PM IST Report Spam! |
DEAR BOARDERS"
People who do not understand gold history and think gold is overvalued a current levels are people who have always ridiculed gold's rise from 200 to 1200 dollars an ounce.
"IN THE NEXT 5 YEARS GOLD WILL BE 5000 DOLLARS AN OUNCE FROM CURRENT 1200 DOLLARS"
YES I HAVE NO PROBLEM IF PEOPLE ON THIS BOARD CALL ME A LUNATIC. I AM USED TO BE CALLED A LUNATIC SINCE MY FIRST POST ON CHITTORGARH.
In 2001, gold traded as low as $255 an ounce. Within eight years, its price had quadrupled to more than $1,100 an ounce. How many investors thought that was possible, or even likely? Probably not very many.
Granted, there's no guarantee that we're about to duplicate the 1970s. But as Mark Twain once noted:
"History does not repeat itself, but it often rhymes."
Here are some facts for boarders to undertsand as to why i am saying gold will reach 5000 dollars an ounce:
1) Looking back to the last inflation-adjusted peak price in 1980, it’s far from impossible that the gold price could soon go above $5,000 an ounce.The potential level of a new peak can be estimated in several ways. Based on consumer price inflation, the $875 per ounce high seen in 1980 is equivalent to around $2,400 today, almost twice the current gold price. But there’s a case for taking account of economic expansion as well as price inflation. The world’s economic output has increased about six-fold since 1980. Scale up the peak 30 years ago by that multiple, and the gold price could top out at around $5,300.
2)The DOW GOLD RATIO IS A VERY IMPORTANT DATA:
In the 1930s during great depression GOLD DOW RATIO was 2:1
It again went to 1:1 DOW 800 and Gold 800$ an ounce in 1980 crash
In the dot com bubble peak nasdaq was 44 times the price of gold.
That dow:gold ratio has now crashed to 8.5:1 in 2010 i.e. DOW at 10000 GOLD at 1200 $ an ounce
In the next two years we are entering into gret depression as the stimulus led boom cycle has peaked and next downturn is expected starting from 2011 April.
GOLD will then in 2013 will be equal to dow again. DOW will be 5000 and gold will be 5000 dollars an ounce.
People who think that this is crazy...remember this has already happened 3 times in history before during big depressions. This is the worst depression since the great depression. At least this much is known fact.
3)GOLD at 1500$ an ounce by 2010 end
"In fact gold futures for december 2010 have already hit 1500 dolars an ounce in Nymex"
The pattern for gold the past nine years has been this: gold runs to a new high every year and then retraces upwards to 14% before moving on to the next new high. The last new high of $1,226 per ounce for gold was reached on December 3, 2009. Since then we have retraced as much as 14%, briefly hitting the $1,055 level before rebounding to $1,155. We now reside right around the $1,100 level, but will once again be on the move towards another new high before the end of the year. This will occur because of the problems I have already mentioned and the unsustainable debt structure of the U.S. government. I maintain my outlook of a $1,500 gold price before the end of this year.
4)In recent history gold went from 35 dolars an ounce to 850 dollars an ounce in 1980 crisis. When U.S. President Richard M. Nixon opted to close the gold window in August 1971, the yellow metal had already risen from its fixed price of $35 an ounce to $42 an ounce. By the time gold peaked in 1980, it had risen to $850, rewarding early investors with a 2,400% return. My guess is that any such forecast in 1970 would probably have been met with the same kind of ridicule I expect that my current projection could attract.
5) Broad global money supply, known as M3, is now in dollar terms about 10 times what it was in 1980.
M1, is currently estimated at about $17 trillion. If the 170,000 tons of gold mined through history were to substitute for this, the gold would be worth about $3,100 an ounce.
6)Better still, let's take the 2,400% gain that gold experienced during the 1970s and translate it into present-day terms.
From the 2001 low of $255 an ounce, a 2,400% gain would take the yellow metal all the way up to $6,120 an ounce, making my $5,000 price projection seem a lot more reasonable.
7) Central Banks are Becoming Net Buyers:
India's recent purchase of 200 tons of International Monetary Fund (IMF) gold was the likely impetus that pushed gold up over the $1,200 level in December. But more important is the sea change that has seen central banks morph from net sellers into net buyers of gold. BlackRock Inc. one of the world's largest investment managers, said that 2009 was that turning point. If that was the case, it will have been the first time in 20 years, as central banks have been net sellers of gold since 1988.
8) The gold bubble that takes prices to all-time-record levels will inflate in three distinct stages.
Stage 1: This process will start with currency devaluations in Stage One,
Stage 2: will be fueled by growing investment demand in Stage Two and will experience its stratospheric ascent in
Stage 3: the mania phase of this evolution.
Make no mistake, the $5,000 price point will most likely be reached in this third and final phase. The price of gold will behave like it is strapped to a jet pack. And today's market prices will be dwarfed by the levels gold prices will ultimately achieve
My advice: If you own gold hang onto them and buy more on dips. It will quadruple to 5000 dollars an ounce by as early as 2012 or 2013-2014. Target for 2010 is 1500 dolars an ounce.
If you don't, what on earth are you waiting for?
__________________________
DISCLAMER: These are my personal views. I may be wrong in timing or error of projections and people are adviced to do their own research. I also do not intend to influence any one and hence should not be held responsible if someone takes decisions based on my research and misses oppurtunities.
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| 1271. RUSHABH SHAH Sep 01, 2010 6:26:02 PM IST Report Spam! |
| SKS AT 1259/.KINDLY LOOK AT MY PREVIOUS MESSAGE NO-556 & 999 RAGARDING THE ISSUE.I AM HOLDING 3 LOTS OF SHARES.I WOULD LIKE TO WAIT FOR 5 TO 6 MONTHS AS I AM EXPECTING 1450/-+. |
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| 1270. Singh Sep 01, 2010 5:54:37 PM IST Report Spam! |
Thanks a lot Setu and Suresh for valuable information.
I am planning mix my investment into gold coin from jeweler and monthly into GOLDBEES. |
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| 1269. Sj Sep 01, 2010 4:53:42 PM IST Report Spam! |
Hi Mr. Singh
Never commit the mistake of buying gold from bank.
They will..charge high commision and you cannot sell them back coz they do not buy back they only sell gold.
You can buy gold bars from Tanishq or your family jeweller.
Since you can never catch bottom keep on buying is Systematic form whenever it correct 4-5%.
Minimum is 1 tola gold coin or 12 grams gold coin or 10 tola gold bar that is 120 gram gold bar.
So if you want to invest in gold you at least have to have rupees 2 lakhs allocation to gold minimum otherwise you willl not be able to take full benifit.
If you dont have that much to invest for gold and want to trade regularly buy Gold ETF in SIP form stock exchange trough a broker.
Regards |
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| 1268. suresh Sep 01, 2010 2:48:13 PM IST Report Spam! |
| @ Mr. Singh while purchasing gold you may try TANISIQE also where you will get rate better then bank and no doubt about purity |
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| 1267. Singh Sep 01, 2010 2:42:52 PM IST Report Spam! |
Hi SJ
where do you buy gold from?
Is it from a bank or from jewelery shop in form of coin/biscuits?
I was planning to buy gold for investment and was expecting price to come down below 18K this month but looks like its only direction is northwards. |
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| 1266. SilentOne Sep 01, 2010 1:01:11 PM IST Report Spam! |
| @milinds: yes generally banks charge for the locker facility i think about Rs 1000 in Indusind bank..I dont know about others.But when I asked bank people if they have an insurance if the gold was stolen I didnt get a satisfactory reply. |
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| 1265. Sj Sep 01, 2010 1:00:06 PM IST Report Spam! |
@ Milinds
That is typing mistake it is 0.01% locker fees.
10% is cost of capital of gold. I had wrote that as fees instead of cost of capital.
If you add inflation at 5% average.
Oppurtunity cost vis a vis other asset classes like equities of 5%
My total cost of capital is 10%
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