SKS Microfinance ipo gray market price
Gray market price of SKS Microfinance ipo is Rs1100 – 1140. in some market it is Rs1200 where people giving 6 times book value valuations to SKS Microfinance
As HDFC bank is trading at 6 times bookvalue so it’s a fair price for sks.
but if market tanks from 18000 to 16000 in next 15 days then it’s hard for sks to list above issue price. for retail people there is discount of Rs50/share.