SKS Microfinance Files for IPO
Satish Kumar, J.

SKS Microfinance has filed a preliminary prospectus with the Securities and Exchange Board of India (SEBI) to raise about US$250 million through a proposed initial public offering. SKS will be the first microfinance company in India to tap public markets for funds in what is considered a much sought after space by private equity investors.

According to the preliminary prospectus filed Thursday, the issue will consist of a fresh issue of nearly 7.45 million shares and an offer for sale of close to 9.35 million shares by Sequoia Capital India II LLC and SKS Mutual Benefit Trust.

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