MAS Financial Services Ltd IPO, MAS Financial IPO Details

By | October 16, 2017
MAS Financial Services Ltd IPO, MAS Financial IPO Details, MAS Financial Services IPO, MAS Financial Services IPO Allotment Date, MAS Financial IPO Price, MAS Financial Services IPO Daily Subscription, Review, Grey Market Price, GMP Rates and Premium, Financials and listing date information.

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.

MAS Financial IPO

About the companyMAS 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:

  1. Micro-enterprise loans.
  2. SME loans.
  3. Two-wheeler loans.
  4. Commercial Vehicle loans (which include new and used commercial vehicle loans, used car loans and tractor loans).
  5. 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

The Offer comprises of the Fresh Issue and the Offer for Sale.

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

DateGMPKostak RateSauda
16 October 2017Rs. 215Rs. 450Rs. 5500

MAS Financial Services IPO, Date, Price, Grey Market, GMP, Allotment, Subscription, Listing

NameMAS Financial Services Ltd
Open Date06 October 2017
Close Date10 October 2017
Allotment Date15 October 2017
Refund Date15 October 2017
Listing Date
Issue PriceRs. 456 – Rs. 459 Per Equity Share
DiscountRs. 45 per share to the Eligible Employees.
Lot Size32 Shares
Minimum Order Quantity32 Shares
Issue TypeBook 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 ManagerMotilal Oswal Investments Advisors Pvt Ltd
RegistrarLink Intime India Private Limited
Registrar Email[email protected]
Investor Grievance[email protected]
Registrar Websitewww.linkintime.co.in
Registrar Phone+91 22 4918 6200
Listing atNSE / BSE
IPO Poll

Would you apply to MAS Financial Services IPO?

  • Yes (92%, 637 Votes)
  • No (8%, 52 Votes)

Total Voters: 689

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What would be the listing price of MAS Financial Services?

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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.

Eligible Employees Discount
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

DATESHARES OFFERED06 October 201709 October 201710 October 2017
RII34772961.026.2915.97
NII14902700.220.47378.53
QIB19870281.785.74148.33
Employees1703160.711.842.41
Total71249101.064.81128.39

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/

Check allotment.

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 PriceRs. 459Rs. 459
OpenRs. 660Rs. 660
HighRs. 681.50Rs. 680.95
LowRs. 625Rs. 625
CloseRs. 654.40Rs. 654.75
DifferenceUP Rs. 195.40 (+42.57%)UP Rs. 195.75 (+42.65%)

MAS Financial Services Ltd Address

Adress
Registered Office and Corporate Office: 6, Narayan Chambers, Ground Floor,
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

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