SKS Microfinance in India to File for IPO in 3-4 Weeks

SKS Microfinance plans to file application papers for an Initial Public Offering (IPO) in 3-4 weeks. The exact size and structure of the fundraising was not yet determined, with one source putting the figure at roughly US$200 million, some of which might be raised through a pre-IPO placement. Another source said the company could raise US$250-350 million.

The for-profit company is India's largest MFI and is backed by private-equity firms such as Sequoia Capital, Kismet Capital and Sandstone Capital.

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