SKS Microfinance IPO GMP History
SKS Microfinance IPO has been listed on August 16, 2010 at a listing price of ₹1040, against the issue price of ₹985 — a gain of ₹55 (+5.58%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
SKS Microfinance IPO raised ₹1628.78 Cr. through its IPO at a price band of ₹850 to ₹985 per share, with a lot size of 7 shares. The IPO was open for subscription from 28 Jul 2010 to 02 Aug 2010.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:09 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
SKS Microfinance IPO dates
Key dates from opening to listing. Today is 15 November.
- Open 28 Jul 2010
- Close 02 Aug 2010
- Allotment 11 Aug 2010
- Refund/credit TBA
- Listing 16 Aug 2010
SKS Microfinance IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹985 |
|---|---|
| Listing gain / loss | +₹55 per share |
| Listing date | 16 Aug, 2010 |
| Actual listing price | ₹1040 (+5.58%) |
Is SKS Microfinance IPO GMP reliable?
Grey market premium for SKS Microfinance IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the SKS Microfinance IPO full review for a fundamentals-based assessment before making any grey market trades.
SKS Microfinance IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for SKS Microfinance IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About SKS Microfinance IPO
SKS Microfinance Limited was incorporated as SKS Microfinance Private Limited on 22 September 2003. It is an NBFC registered with and regulated by the Reserve Bank of India.
According to the October 2009 CRISIL report quoted in its RHP, it was the largest microfinance institution in India by value of loans outstanding, number of borrowers (whom it calls members) and number of branches.
Its core business is giving small loans to poor women, mostly in rural India. Its promoters include Vikram Akula, SKS Mutual Benefit Trusts and Sequoia Capital entities.
The IPO was Rs 1,628.78 crore, with Rs 722.20 crore of fresh issue and Rs 906.59 crore of offer for sale, at Rs 985, the top of the Rs 850 to Rs 985 band. The fresh money was to augment its capital base for growth.
Frequently asked
What is the GMP of SKS Microfinance IPO?
The current Grey Market Premium (GMP) of SKS Microfinance IPO is not yet started or active in the market.
What is the Kostak Price of SKS Microfinance IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for SKS Microfinance IPO is not available.
What is the Subject to Sauda Price of SKS Microfinance IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of SKS Microfinance IPO?
SKS Microfinance IPO listed on August 16, 2010 at ₹1040, against the issue price of ₹985 — a gain of +5.58%.
How did the GMP of SKS Microfinance IPO trend before listing?
The GMP of SKS Microfinance IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore SKS Microfinance IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
