Will you subscribe SKS Microfinance IPO? – Hem Securities analysis

Microfinance Focus, July 27, 2010: The Hem Group is one of the leading broking Network in India. It provides trading platform in all the leading exchanges namely – BSE, NSE, MCX , NCDEX & MCX-SX, brings a comprehensive analysis on SKS Microfinance IPO. The research report suggests subscribing SKS Microfinance IPO.

According to the report: The company is bringing the issue at price band of Rs 850-985 per share which will turn into P/E multiple of 31-36 at FY10 EPS of Rs 27.10. The company operates in high growth industry and has shown strong financial performance from last few years. The top line as well as bottom-line of the company has witnessed the CAGR of more than 100% from FY08 to FY10. The company being one of the leaders in Microfinance industry has high growth potential in future. Hence we recommend investor to “Subscribe” the issue.

To read full report: Click

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