Indian Microfinance Goes Public : the SKS Initial Public Offering (English)

SKS, the largest microfinance institution (MFI) in India, opened its IPO on July 28, 2010, forging the way for other Indian MFIs to follow. The IPO valued SKS at 4.2 times its post-issue book value and 40 times its fiscal year 2010 earnings, making it consistent with the best performing Indian banks, but high compared with publicly listed low-income finance institutions. Its price-to-earnings multiple is 40 times its fiscal year 2010 earnings, making...

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Author

Chen,Gregory C.;

Rasmussen,Stephen F.;

Reille,Xavier;

Rozas,Daniel;
Document Date
2010/09/01
Document Type
Brief
Report Number
82618
Volume No
1
Total Volume(s)
1
Country
India,
Region
South Asia,
Disclosure Date
2014/05/14
Disclosure Status
Disclosed
Doc Name
Indian Microfinance Goes Public : the SKS Initial Public Offering
Keywords
microfinance

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Citation

Chen,Gregory C.; Rasmussen,Stephen F.; Reille,Xavier; Rozas,Daniel.

Indian Microfinance Goes Public : the SKS Initial Public Offering (English). CGAP focus note ; no. 65 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/300741468041644618

Indian Microfinance Goes Public : the SKS Initial Public Offering (English)

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