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.
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