In its next initial public offering which is opening on twenty eighth of July for subscription SKS Microfinance may come up with an offer to sell its shares at a discount rate to retail investors

The company plans to raise a sum of one thousand crores of rupees out of which existing share holders will get forty four percent. Private equity investors, who are making an exit through the issue, will also be included.

SKS Microfin has decided to extend its time period of subscription making it thirtieth of July for institutional investors and second of August for non-institutional and retail investors.

There will be one crore sixty seven lacs shares in the public offering at ten rupees per share. Fresh shares will be seventy four lacks. Existing share holders will be offered the rest ninety three lacs shares.

SKS Mutual Benefit Trust of Narayankhed, Sequoia Capital India, SKS Mutual Benefit Trust of Jogipet, Kismet Microfinance, Mauritius Unitus Corporation, SKS Mutual Benefit Trust of Medak, SKS Mutual Benefit Trust of Sangareddyand and SKS Mutual Benefit Trust of Sadasivapet are the existing share holders.

In the most recent transaction, an acquisition of equity of SKS Microfinance at six hundred rupees per share has been made by the private equity fund called Catamaran Investment of NR Narayan Murthy who is the chief mentor of Infosys. According to analysts the pricing of the shares of SKS Microfinance will be same as that of the price at which the shares were sold to PE fund.

In March 2010 a net profit of one hundred and seventy eight crores of rupees has been posted by the company .In 2009 it profited eighty crores. The company’s loan book is worth four thousand three hundred and twenty one crores of rupees, having as many as twenty one thousand employees and more than two thousand branches.