The company made the announcement after market hours on Thursday, 6 December 2012.
Meanwhile, the BSE Sensex was up 19.83 points or 0.1% at 19,506.63.
On BSE, 3 lakh shares were traded in the counter as against average daily volume of 3.37 lakh shares in the past one quarter.
The stock hit a high of Rs 178 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 168.30 so far during the day. The stock had hit a record low of Rs 54.40 on 31 May 2012.
The stock had outperformed the market over the past one month till 6 December 2012, jumping 46.65% compared with the Sensex's 3.56% rise. The scrip had also outperformed the market in past one quarter, galloping 72.92% as against Sensex's 12.34% surge.
The company has equity capital of Rs 108.21 crore. Face value per share is Rs 10.
SKS Microfinance said the completion of the Rs 54.48 crore securitization transaction comes close on the heels of the company's Rs 200 crore securitization transaction with a leading public sector bank in November 2012.
SKS Microfinance said it has downloaded the receivables from 64,579 micro loans extended to rural women entrepreneurs to a Special Purpose Vehicle, and Pass Through Certificates (PTCs) have been purchased by a non-banking entity.
Commenting on the development, S. Dilli Raj, Chief Financial Officer, SKS Microfinance said, "The present transaction indicates that it is possible to generate interest outside the banking system also for a well-originated micro-finance paper. The pool is well diversified with the top three states contributing 45.38% and the top ten branches about 4.85% of the pool principal. The average loan amount is Rs 11,572".
SKS Microfinance said the pool is rated by one of the leading rating agencies, which has awarded the 'Highest Safety Rating'. The rating is based on the credit quality of the underlying loans, the transaction structure and defined payment mechanism, support in the form of credit cum liquidity enhancement facility, the sound legal structure of the transaction and the track record and good performance of SKS, according to the statement issued by the rating agency, SKS Microfinance said.
SKS Microfinance reported net loss of Rs 262.15 crore in Q2 September 2012, lower than net loss of Rs 384.54 crore in Q2 September 2011. Total income declined 38.3% to Rs 80.93 crore in Q2 September 2012 over Q2 September 2011.
SKS Microfinance is a non-banking finance company (NBFC-MFI), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 17 states of India. They include: Andhra Pradesh, Karnataka, Maharashtra, Orissa, Madhya Pradesh, Bihar, Uttar Pradesh, Rajasthan, Uttaranchal, Haryana, West Bengal, Jharkhand, Chhattisgarh, Gujarat, Kerala, Punjab and Delhi.
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