One of India's largest microfinance firm, SKS Microfinance, got listed on the Bombay Stock Exchange with 5.17 per cent premium price to be at rupees 1.036.

This, say experts, has been a decent debut for the issue which saw many foreign institutional investors getting interested and investing in the same.

SKS is into the business of giving small funds to poor especially the rural poor. It has managed to rais4e rupees 1,650 crore through its IPO. This means that it was oversubscribed around 13.6 times.

Talking about this to PTI, SKS' Chief Financial Officer, D Dilli Raj said, "We have got a huge response from the investing community. It (IPO) was oversubscribed 13.6 times on the bourses and this gives us a lot of confidence. This will also allow other such firms to hit the capital market in the near future."

On the National Stock Exchange (NSE), the firm debuted at rupees 1,040. This was 5 per cent higher than its original issue price of rupees 985.

The proceeds of the issue will be used for expanding its business as well as going in for organic and inorganic modes of spreading.