SKS Microfinance Gets Bids for All Shares Offered in Initial Public Sale

SKS Microfinance Ltd., the Indian lender backed by investors including George Soros, received bids for all the stock available in its intial public offering as it seeks to raise as much as $347 million.

The company got 14.4 million bids for the 13.8 million shares on offer, according to data on the National Stock Exchange’s website today. The offer of shares for 850 rupees to 985 rupees apiece ends today for institutional buyers. The sale closes for retail investors on Aug 2.

To contact the reporter on this story: Ruth David in Mumbai at rdavid9@bloomberg.net

• Tweet
• More
  • Business Exchange
  • Buzz up!
  • Digg
• Print
• Email