Microfinance

SKS Microfinance IPO Report

CGAP (part of The World Bank) has recently produced an analysis of SKS Microfinance IPO in India. This is the first IPO of an Indian MFI.  The IPO was 13 times oversubscribed … that is, cialis 13 times more demand than availability of IPO shares.  SKS priced at the high end of their range with valuation of US$1.5B and sold 11% new stock raising US$155M.  In the first 5 weeks of trading, the stock rose 42%.

This article summarizes a lot of good historical and current data about SKS and also outlines some of the key issues that a successful IPO raises for SKS and the microfinance industry overall.

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