India's largest microfinance company, SKS Microfinance will come out with an IPO in the next 3-4 weeks. While the exact structure and the amount to be raised hasn't been disclosed yet but it is expected that the company will be aiming to raise money to the tune of around $200million-$350 million.

However, some of this funding can also be sourced through thee route of Pre-IPO placement. SKS Microfinance, a company aiming to earn profit makes small loans to poor borrowers.

The company has so far declined to confirm the development, however, the sources say that the IPO plan is well on track. While companies like Citigroup, Kotak Mahindra, and Credit Suisse are believed to be arranging this IPO, the company already has backing of Private Equity players like Sequoia Capital, Kismet Capital and Sandstone Capital. The company has so far set many milestones in its industry.

Notably, SKS Microfinance filed a net profit of around Rs. 800 million in the financial year of 2009 and for the first six months of FY 2010, the company recorded a net profit of Rs. 556 million.