MAS Financial Services Ltd IPO

MAS Financial Services Ltd

Issue Open

Oct 06, 2017

Price Band

₹ 456 - ₹ 459

Issue Size

₹ 460.04 Cr

Credit of Shares to Demat


Issue Close

Oct 10, 2017

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Book Built Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Oct 18, 2017



About the company:

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


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