17?/09?/2010 grande institution de microfinance (IMF) indienne servant 58 millions de clients
17?/09?/2010 Both the SHG approach and MFIs have been aided by the Reserve Bank of. India's priority sector lending policy which requires domestic banks to ...
04?/11?/2010 de la Banque nationale pour l'agriculture et le développement rural (NABARD). ... Microfinance Goes Public: The SKS Initial Public. Offering ...
04?/11?/2010 ... in early October 2010 hit at the epicenter of microfinance in India and has ... The SKS initial public offering (IPO) earlier this year.
04?/11?/2010 India (SIDBI) a progressivement augmenté la part ... Microfinance Goes Public: The SKS Initial Public. Offering Note Focus n° 65
the Reserve Bank of India (RBI) beginning in 1996 (Aiyar et al. 2007
debate about microfinance go more to the roots than comparable debates of past awarded to Yunus and his bank and the year of the first IPO of a MFI and ...
19?/08?/2010 Commercial Microfinance and Social Responsibility: A Critique ... Substantial initial public offerings are beginning to occur pointing the.
31?/07?/2010 initial public offering which was scheduled for August 2010. ... and Daniel Rozas
sion of savings services and held its first public listings and merg- ers. Microfinance is The case of SKS Microfinance Limited (SKS) in India illus-.
Indian Microfinance Goes Public: The SKS Initial Public Offering 1 At least one other MFI in India Capital Trust is publicly traded but this was a company that switched to microfinance from another line of financial sector work and was therefore not put through an IPO as a microfinance lender
The initial impetus for microfinance was to provide respite from the dominance of traditional moneylenders who were viewed as exploiting poor borrowers often charging usurious interest rates 9The resulting reluctance to deal with traditional moneylenders reduced credit thereby reducing productive investments and livelihoods 10
SKS forma parte del reducido grupo de IMF de todo el mundo que han salido a cotización3 siguiendo el camino abierto en 2007 por la oferta pública inicial del Banco Compartamos de México (véase Rosenberg 2007) SKS es también la primera de estas instituciones cuyas acciones cotizan en el mercado
SKS Microfinance held the first initial public offering (IPO) for a microfinance institution in India raising USD 347 million1 and drawing attention to the potential profits of the sector Media reports took different viewpoints on the IPO some celebrating the sector and others
version of India’s SKS Microfinance (which precipitated the crisis) trust or social capital is isolated—not just narrowly interpreted within standard economic theory but more broadly construed—as the essential element accounting for the early success of microfinance It is argued that the microfinance experience has been widely
initial public offering (IPO) in key emerging markets like India While interest in microfinance equity investments soars the actual microfinance equity market is still in its infancy Primary issuances are still limited by the small pool of investable MFIs and by the absence of an organized secondary market A vast majority of
SKS have a strong portfolio business with CAGR 165 however the average CAGR of largest 5 Indian MIF’s is just 89 and average CAGR of largest 150 NBFC is just 36 Portfolio CAGR shows the performance and growth of the overall company and this is the reason behind the success of the IPO
organizational structure in preparation for going public The structure created prior to the offering can influence the whole IPO process the allocation process and subsequent ownership Brennan and Franks (1997) suggest that underpricing is needed to ensure that the offering is oversubscribed
Investment Management and Financial Innovations Volume 9 Issue 2 2012 184 the uncertainty about the market-clearing price of an IPO They defined ‘ex-ante uncertainty’ as a