SKS Microfinance Limited, India’s largest microfinance company, plans to sell its shares from July 28 to July 30 in a $250 million initial public offering (IPO), a sale document obtained by Bloomberg says.
The price range within which the Hyderabad-based company will offer the shares will be announced on July 26, according to the term sheet. Citigroup Inc., Credit Suisse Group AG and Kotak Mahindra Capital Co. are managing the sale.
SKS — set to become the first Indian microfinance company to list its shares — has tapped investors, including a fund backed by Indian billionaire N R Narayana Murthy this year.