SKS Microfinance filed the draft red herring prospectus with the market regulator SEBI on Thursday to raise $250 million through an initial public offer, report media.
Being the first Indian micro-finance company to get listed, the company plans to issue 16.79 million shares. The issue comprises fresh issue and offer of sale. The company is likely to tap the market in June. It has appointed Kotak Mahindra Capital Co., Citigroup Global Markets India and Credit Suisse Securities (India) as the book running lead managers to the issue.
For comments and feedback contact: editorial@rttnews.com
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.