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Indian Microfinance Goes Public : the SKS Initial Public Offering : La microfinance indienne entre en Bourse : ouverture du capital de SKS (الفرنسية)

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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