SKS Microfinance Limited had a great listing debut on the BSE where a listing ceremony was held. The share listed at Rs 1036 which was also the low and made a high of Rs 1159.90. The opening price was a gain of Rs 51 which roughly was the premium on the share as of last week. At the high of Rs 1159.50 the gain was a staggering Rs 174.50 or 17.71%. The share has come off from those levels and is currently trading at Rs 1110, a gain of 12.7%. On the NSE the share opened at Rs 1040 which is also the low and made a high of 1162. The share is currently trading at Rs 1108.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 1036.00 | 1159.90 | 1036.00 | 1110.05 | 125.05 | 12.70 | 3025074 | 1123.75 |
| NSE | 1040.00 | 1162.00 | 1040.00 | 1108.65 | 123.65 | 12.55 | 6746209 | 1124.21 |
| Total | 9771283 |
The company had issued shares in a price band of Rs 850-985 and the issue size was 167.91 lac shares which comprised of a fresh issue of 74.45 lac shares and an offer for sale of 93.46 lac shares. There has been brisk trading in the share and as of the first hour of trade 97.71 lac shares or approximately 58% of the IPO size has been traded. It may also be mentioned that there was an allotment to anchor investors and that quantity of shares would not be available for sale or delivery for the next thirty days.
The share is trading below the weighted average which is around Rs 1124 which would be the first hurdle for the share on its upward journey. However this is a great listing for the share without doubt and at the current price of approximately Rs 1110 the company has a market cap which has appreciated by 12.69% to Rs 7988.92 crs.
We would analyse the performance at the end of day considering the delivery and trading figures.
