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MAS Financial Services Ltd IPO

Add to Calendar 2017-10-06 12:00 AM 2017-10-10 12:00 AM Asia/Kolkata MAS Financial Services Ltd IPO MAS Financial Services Ltd India

Introduction: MAS Financial Services is a gujarat operated NBFC firm having presence in 6 states & delhi through around 120 branches. The loan book of MAS financial has around 530,000 accounts in it.

Date of Establishment: Company was formed in the year 1995. 

Product & Service Offering: MAS Financial provides :  

  1. Micro-enterprise loans

  2. SME loans

  3. Two-wheeler loans

  4. Commercial Vehicle loans

  5. Housing loans

Customer Segment: The company has 3,200 Customers in the list availing different types of loans. The customers can avail loans for Business,Vehicle & Housing.  

Promoters of MAS Financial Services Ltd: 

The promoters of the company are:

     1. Kamlesh Chimanlal Gandhi

     2. Mukesh Chimanlal Gandhi

     3. Shweta Kamlesh Gandhi

Objects of the Issue: The Offer consists of the Fresh Issue and the Offer for Sale. The Net Proceeds would be utilized for :

  1. Meeting working capital requirements to augment its capital base so as to improve the loan book.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 20,244.79 18,126.51 14,877.85 10,776.32 7,715.68
Total Revenue 3,415.17 2,887.04 2,265.28 1,776.78 1,388.47
Profit After Tax 674.17 500.08 388.20 316.76 268.39

Issue Detail

  • Issue Open: Oct 06, 2017
  • Issue Close: Oct 10, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 456 - Rs 459 Per Equity Share
  • Bid Lot:32 Shares
  • Minimum Order Quantity:32 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 460.04 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 1,987,028 1,490,270 3,477,296 170,316 - 7,124,910
Day 1 - Oct 06, 2017IST 1.7800 0.2200 1.0200 0.7100 - 1.0600
Day 2 - Oct 09, 2017IST 5.7400 0.4700 6.2900 1.8400 - 4.8100
Day 3 - Oct 10, 2017IST 148.3300 378.53 378.5300 15.9700 2.4100 - 128.3900

Listing Day Trading Information

- BSE NSE
Issue Price Rs 459.00 Rs 459.00
Open Rs 660.00 Rs 660.00
Low Rs 625.00 Rs 625.00
High Rs 680.95 Rs 681.50
Last Trade Rs 654.75 Rs 654.40
Volume 2,852,089 17,942,727

MAS Financial Services Ltd Red Herring Prospectus

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