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MAS Financial IPO is a book built issue of Rs 460.04 crores. The issue is a combination of fresh issue of Rs 233.00 crores and offer for sale of Rs 227.04 crores.
MAS Financial IPO bidding started from October 6, 2017 and ended on October 10, 2017. The allotment for MAS Financial IPO was finalized on Friday, October 13, 2017. The shares got listed on BSE, NSE on October 18, 2017.
MAS Financial IPO price band is set at ₹456 to ₹459 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,688.
Motilal Oswal Investment Advisors Limited is the book running lead manager of the MAS Financial IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to MAS Financial IPO RHP for detailed information.
| IPO Date | October 6, 2017 to October 10, 2017 |
| Listing Date | October 18, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹456 to ₹459 per share |
| Lot Size | 32 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹460.04 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹233.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹227.04 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 49,569,214 |
| Share holding post issue | 54,662,043 |
MAS Financial IPO offers 7,124,910 shares. 1,987,028 (27.89%) to QIB, 1,490,270 (20.92%) to NII, 3,477,296 (48.80%) to RII, 170,316 (2.39%) to employees. 108,665 RIIs will receive minimum 32 shares and (sNII) and (bNII) will receive minimum 448 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,987,028 (27.89%) | NA |
| NII (HNI) Shares Offered | 1,490,270 (20.92%) | |
| Retail Shares Offered | 3,477,296 (48.80%) | 108,665 |
| Employee Shares Offered | 170,316 (2.39%) | NA |
| Total Shares Offered | 7,124,910 (100%) |
MAS Financial IPO opens on October 6, 2017, and closes on October 10, 2017.
| IPO Open Date | Friday, October 6, 2017 |
| IPO Close Date | Tuesday, October 10, 2017 |
| Basis of Allotment | Friday, October 13, 2017 |
| Initiation of Refunds | Monday, October 16, 2017 |
| Credit of Shares to Demat | Tuesday, October 17, 2017 |
| Listing Date | Wednesday, October 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2017 |
Investors can bid for a minimum of 32 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,688 |
| Retail (Max) | 13 | 416 | ₹190,944 |
| Lot Size Calculator | |||
Incorporated in 1995, MAS Financial Services is a Gujarat based NBFC (Non-Banking Financial Company). Company operated across six States and in Delhi through 119 branches. As of September 30, 2016 Company had more than 530,000 active loan accounts and 3,200 Customer.
MAS Financial offer product and services under 5 categories:
1. Micro-enterprise loans
2. SME loans
3. Two-wheeler loans
4. Commercial Vehicle loans
5. Housing loans
Company also have commission based direct sales agents and revenue sharing arrangements with various dealers and distributors where part of loan default is guaranteed by such sourcing partners.
Company Strengths
1. Over 2 decade in business. Track record of consistent growth with quality loan portfolio
2. Diversified product offerings
3. Access to diversified sources of capital and cost-effective funding
4. Developed an extensive operational network in Gujarat and Maharashtra
5. Robust credit assessment and risk management framework
| 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 | |
The Offer consists of the Fresh Issue and the Offer for Sale.
1. Fresh Issue
The Company proposes to utilise the proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
2. Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale.
[Dilip Davda] Moderate investment may be considered for long term in this fully priced issue. Read detail review...
The MAS Financial IPO is subscribed 128.39 times on October 10, 2017 11:15:00 PM. The public issue subscribed 15.97 times in the retail category, 148.33 times in the QIB category, and 378.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 148.33 |
| NII | 378.53 |
| Retail | 15.97 |
| Employee | 2.41 |
| Total | 128.39 |
| Listing Date | October 18, 2017 |
| BSE Script Code | 540749 |
| NSE Symbol | MASFIN |
| ISIN | INE348L01012 |
| Final Issue Price | ₹459 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹459.00 |
| ₹660.00 |
| ₹625.00 |
| ₹680.95 |
| ₹654.75 |
| NSE |
|---|
| ₹459.00 |
| ₹660.00 |
| ₹625.00 |
| ₹681.50 |
| ₹654.40 |
MAS Financial Services Ltd
6, Narayan Chambers, Ground Floor,
Behind Patang Hotel, Ashram Road,
Ahmedabad 380 009
Phone: +91 79 3001 6500
Email: secretarial@mas.co.in
Website: http://www.mas.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mas.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
MAS Financial IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹460.04 Crores. The issue is priced at ₹456 to ₹459 per share. The minimum order quantity is 32 Shares.
The IPO opens on October 6, 2017, and closes on October 10, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MAS Financial IPO opens on October 6, 2017 and closes on October 10, 2017.
MAS Financial IPO lot size is 32 Shares, and the minimum amount required is ₹14,688.
You can apply in MAS Financial IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MAS Financial IPO will be done on Friday, October 13, 2017, and the allotted shares will be credited to your demat account by Tuesday, October 17, 2017. Check the MAS Financial IPO allotment status.
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