Leading microfinance firm SKS Microfinance on Monday made a decent debut on the Bombay Stock Exchange at Rs.1,036, up 5.17 per cent over its issue price.
The firm, that lends credit to rural poor, especially women, had raised around Rs.1,650 crore through its IPO.
“We have got a huge response from the investing community. It (IPO) was oversubscribed 13.6 times on the bourses and this gives us a lot of confidence,” SKS Microfinance Chief Financial Officer D Dilli Raj told PTI here.
On the National Stock Exchange (NSE), the firm debuted at Rs.1,040, up over 5 per cent over its issue price of Rs.985.