SKS Microfinance IPO – 1st Day Subscription at 18% - India Microfinance Business News
This is a unique issue. It is first time that a Micro Finance Institution (to be treated as NBFC) in India has gone for an IPO. Although it had recorded an impressive performance record for the past three years, many seem to have not heard about MFIs or SKS or its founder Dr Vikram Akula, a Ph.D. from USA and a leading Social Entrepreneur. That is the reason we can not expect it to touch oversubscription on the opening day itself. The issuers are carrying out the TV campaign on the 2nd and third day also. We need to wait and watch the market.