As per a person close to the development, the SKS Microfinance has received an overwhelming response and that the FPO has been oversubscribed.

Data on the NSE websites has shown that 168 lakh shares have been traded as the part of FPO and that they have been over-subscribed 8.5 times.

Major buyers have been the qualified institutional investors (QIBs) and they have been quite supportive during this while. Friday was the last for subscription. QIB's have their portion of the FPO oversubscribed 1.4 time till July 29.

The issue is going to remain open till August for the non-institutional as well as the retail buyers alone.

Data shows that the issue received bids for 11.67 crore equity shares. The total size of the issue was 1.38 crore shares. And the price band was between Rs 850 and Rs 985 per equity share.

Earlier responses for the issue were not very good but later the issue of the largest microfinance institution caught up.

The issue consisted of fresh issue of 74,45,323 equity shares and an offer for sale of 93,46,256 equity shares.