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

32

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

32

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 18, 2017

Refunds

-

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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