The Rs 1,654-crore SKS Microfinance initial public offer (IPO), which closed for qualified institutional buyers (QIB) on Friday, was subscribed 10 times, even before the retail investors pitched in. Madhabi Puri Buch, chief executive officer and managing director of ICICI Securities, sees this as a positive signal. She says,"Yes, this is indeed a signal that investors like good opportunities in the markets." The market being strong at above 18k-levels has certainly helped the sentiments. Continue Reading |
