header
Home Browse Jobs JOB SEEKER Career Advice About Us Contact Us EMPLOYER
facebook linkedin Twitter
 
 
Career News and Advice  
 
CARE assigns grade 4/5 to SKS Microfinance IPO

The public issue of SKS Microfinance, the first-ever microfinance company in India to tap the capital market, is opening on July 28, 2010, according to CARE research report dated July 14, 2010.

The report says, "The public issue of SKS Microfinance, the largest MFI in India in terms of total value of loans outstanding, number of borrowers, or members, and number of branches (according to the October 2009 CRISIL report titled India Top 50 Microfinance Institutions), has been assigned IPO grade 4/5 indicating above average fundamentals."

" The grading takes into account track record of the promoters, experienced board of directors and strong management profile. The grading also takes into account good corporate governance practices adopted by the company including presence of various committees and independence of the board. The grading considers the strong financial position with healthy margins including good asset quality, comfortable capital adequacy ratio, comfortable liquidity position and access to diverse sources of institutional funding. The grading also considers the strong industry growth in recent period with good prospects for future growth on account of large unmet potential demand," according to report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Source :
Moneycontrol.com
 
For more information on Microfinance Click here
 
  More Articles
 
Microsoft to drop Messenger, switch to Skype View: Dont panic, robots are not job snatchers
More firms but fewer offers at IITs this year IIT students set to land crore-plus salary offers from Microsoft, Oracle
Infosys, TCS, Wipro go slow on hiring Yes Bank asks MFIs to return Rs.100 cr loans