Non-banking finance company (NBFC) MAS Financial Services Ltd is going to launch its initial public offering in October 2017. The company has notified that it is going to open its IPO on 06 October 2017. The Gujarat based company is planning to raise Rs. 460 crores from the markets. The IPO will close on 10 October 2017. Currently, in October 2017, there are already 02 other IPOs announced apart from MAS Financial Services Ltd. The IPO of Godrej Agrovet Limited and Indian Energy Exchange Ltd are also announced. If you want to get more details about these IPOs then you must check our website. www.greymarket.co.in is your IPO Guide which will provide you all relevant and useful information about the current IPOs. This information can be beneficial to you in many ways. It can help you decide.
MAS Financial Services Ltd has already decided the price band of the IPO and it has notified the exchanges that it has priced its shares at Rs. 456 – Rs. 459. At the upper end of this price band i.e. Rs. 459, this share sale values the MAS Financial Services at approximately Rs. 2,275 crore. The existing investors in the company are going to sell shares worth Rs. 227 crore. DEG-German Investment and Development Company which invested Rs. 65 crore in 2012 plans to fully exit MAS Financial. DEG-Deutsche Investitions-und Entwicklungsgesellschaft MBH (DEG) will sell its total 2.47 million shares for Rs. 112.66 crore.
Another investor NederlandseFinancierings–MaatschappijvoorOntwikkelingslanden N.V. (FMO) which had invested Rs. 43 crore in 2008 plans to sell its total 1.74 million shares worth Rs. 79.34 crore.
Lok Capital which is an Impact investor had invested Rs. 41.33 crore in 2014 will also take the part exit from the company. Lok Capital will sell 768,433 shares worth Rs. 35 crore. Motilal Oswal Private Equity has bought 8% stake in MAS Financial for Rs. 135 crore in March 2017 is not going to sell any of its shares in this IPO.
Contents
MAS Financial IPO
About the company: MAS Financial Services is a Gujarat headquartered NBFC (Non-Banking Financial Company) which was incorporated in 1995. The company is operating across six States (Gujarat, Madhya Pradesh, Maharashtra, Karnataka, Rajasthan, and Tamil Nadu) and the NCT of Delhi. It has total 121 branches. The company focuses on middle and low-income customer segments for its business. The company provides various financing products in these five principal categories:
- Micro-enterprise loans.
- SME loans.
- Two-wheeler loans.
- Commercial Vehicle loans (which include new and used commercial vehicle loans, used car loans and tractor loans).
- Housing loans.
The company had more than 3,200 customers and 530,000 active loan accounts as of September 30, 2016.
Company Promotors: Kamlesh Chimanlal Gandhi, Mukesh Chimanlal Gandhi, Shweta Kamlesh Gandhi And Prarthna Marketing Private Limited
Objects of the Issue
Offer for Sale
- MAS Financial Services will not receive any proceeds from the Offer for Sale.
- All expenses in relation to the Offer will be shared by the company and selling shareholders.
Fresh Issue
- Augmenting its capital base to meet future capital requirements.
- Benefits of the listing of the Equity Shares on the Stock Exchanges.
- Enhancement of of the Company’s brand name.
MAS Financial Services Grey Market Rates, GMP Price & Premium
| Date | GMP | Kostak Rate | Sauda |
|---|---|---|---|
| 16 October 2017 | Rs. 215 | Rs. 450 | Rs. 5500 |
MAS Financial Services IPO, Date, Price, Grey Market, GMP, Allotment, Subscription, Listing
| Name | MAS Financial Services Ltd |
|---|---|
| Open Date | 06 October 2017 |
| Close Date | 10 October 2017 |
| Allotment Date | 15 October 2017 |
| Refund Date | 15 October 2017 |
| Listing Date | |
| Issue Price | Rs. 456 – Rs. 459 Per Equity Share |
| Discount | Rs. 45 per share to the Eligible Employees. |
| Lot Size | 32 Shares |
| Minimum Order Quantity | 32 Shares |
| Issue Type | Book Built Issue IPO |
| Issue Size | ---- Equity Shares of Rs 10 aggregating up to Rs 460.04 crores, ››› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 233.00 crores, ››› Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to Rs 227.04 crores |
| Lead Manager | Motilal Oswal Investments Advisors Pvt Ltd |
| Registrar | Link Intime India Private Limited |
| Registrar Email | [email protected] |
| Investor Grievance | [email protected] |
| Registrar Website | www.linkintime.co.in |
| Registrar Phone | +91 22 4918 6200 |
| Listing at | NSE / BSE |
Would you apply to MAS Financial Services IPO?
- Yes (92%, 637 Votes)
- No (8%, 52 Votes)
Total Voters: 689
Loading ... Loading ...MAS Financial Services IPO Price Band
The price band of MAS Financial Services IPO is Rs. 456 – Rs. 459 Per Equity Share. The company is valued at a P/ABV of 4.5(x). The valuation is based on post issue adjusted book value. The valuation is at a premium to average P/ABV multiple of its listed peers. Many experts believe that the issue is aggressively priced. So, there is limited room for further upside.
MFSL has decided to give Rs. 45 discount to its employees. The issue price for its employees will be Rs. 411 – Rs. 414.
MAS Financial IPO Date
Ahmedabad-based MAS Financial Services is ready to kick off its Rs 460 crore initial public offer (IPO) from Friday i.e. 06 October 2017. The IPO will be concluded on Tuesday i.e. 10 October 2017.
Daily Subscription Figures
| DATE | SHARES OFFERED | 06 October 2017 | 09 October 2017 | 10 October 2017 |
|---|---|---|---|---|
| RII | 3477296 | 1.02 | 6.29 | 15.97 |
| NII | 1490270 | 0.22 | 0.47 | 378.53 |
| QIB | 1987028 | 1.78 | 5.74 | 148.33 |
| Employees | 170316 | 0.71 | 1.84 | 2.41 |
| Total | 7124910 | 1.06 | 4.81 | 128.39 |
Lead Managers
As per the official notification, the lead manager appointed for the Mas Financial Services is Motilal Oswal Investments Advisors Pvt Ltd.
Registrar
The registrar to the Mas Financial Services IPO is Link Intime India Private Limited.
MAS Financial Services IPO Allotment Status
To check the IPO Allotment Status of MAS Financial Services IPO, Investors must go to the Link Intime India Private Limited website. The allotment may be released on or around 16 October 2017. Please check the allotment status here on this page.
Mas Financial Services Limited IPO Allotment status is available on http://masipo.linkintime.co.in/
MAS Financial Listing Date
Update: The listing date of MAS Financial is 18 October 2017. The listing of the shares of the Mas Financial will be done on or around 18 October 2017. Please check this page for the listing date update later.
Listing Day Figures (18th October 2017)
| NSE (MASFIN) | BSE (540749) | |
|---|---|---|
| IPO Price | Rs. 459 | Rs. 459 |
| Open | Rs. 660 | Rs. 660 |
| High | Rs. 681.50 | Rs. 680.95 |
| Low | Rs. 625 | Rs. 625 |
| Close | Rs. 654.40 | Rs. 654.75 |
| Difference | UP Rs. 195.40 (+42.57%) | UP Rs. 195.75 (+42.65%) |
MAS Financial Services Ltd Address
Behind Patang Hotel, Ashram Road,
Ahmedabad 380 009, Gujarat, India
Telephone: +91 79 3001 6500
Fax: +91 79 3001 6597
E-mail: [email protected]
Website: www.mas.co.in
IPO Prospectus
Draft Prospectus with SEBI | Red Herring Prospectus
Mas financial ipo