In April, when Equitas Holdings went public, its Rs.2,172 crore IPO was subscribed 17 times. In May 2014, Bharat Financial raised Rs.400 crore through a QIP. Ujjivan’s stock price has risen 90.5% to Rs.400.2 from its IPO price of Rs.210 per share. The company’s revenue increased 64% to Rs.1,321 crore in the financial year ended 31 March from Rs.803 crore in the previous year. Photo: Pradeep Gaur/MintMumbai: Bharat Financial Inclusion Ltd, earlier known as SKS Microfinance Ltd, is in talks with investment banks to help it raise up to Rs.600 crore through a qualified institutional placement (QIP), three persons aware of the development said.

Source: Mint July 13, 2016 20:26 UTC