The MAS Financial IPO date has been confirmed as October 6, 2017, ending on October 10, 2017. Read the post to learn about the MAS Financial IPO GMP.
Using an IPO, MAS Financial is seeking to raise Rs 460.04 crore. Its 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.
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Key Details Of MAS Financial IPO
Bidding Dates
October 6-10
Price Range
₹456 to ₹459 per share
Face Value
₹10 per share
GMP
₹852.50
MAS Financial IPO GMP
The MAS Financial Limited IPO GMP is ₹852.50.
MAS Financial IPO Overview
The MAS Financial IPO is a book-built offering for Rs 460.04 crore. The offering is a mix of a fresh issuance of Rs 233.00 crore and an offer for sale of Rs 227.04 crore. Bidding for the MAS Financial IPO began on October 6, 2017 and finished on October 10, 2017. On Friday, October 13, 2017, the allotment for the MAS Financial IPO was completed. On October 18, 2017, the shares were listed on the BSE and NSE. The pricing range for the MAS Financial IPO is $456 to $459 per share. A lot size of 32 shares is required for an application. Retail investors must make a minimum investment of $14,688.
The company also has commission-based direct sales agents and revenue-sharing arrangements with various dealers and distributors, where such sourcing partners guarantee part of the loan default.
Company Strengths
- Over two decades in business. Track record of consistent growth with a quality loan portfolio
- Diversified product offerings
- Access to diversified sources of capital and cost-effective funding
- Developed an extensive operational network in Gujarat and Maharashtra
- Robust credit assessment and risk management framework
MAS Financial IPO Details
| 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 |
MAS Financial IPO Company Financials
| Particulars | For the year or 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 | |
MAS Financial IPO Timeline
| 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 |
Company Profile
MAS Financial Services is a Gujarat-based NBFC (Non-Banking Financial Company) that was founded in 1995. Through 119 branches, the company operated in six states and in Delhi. The company had over 530,000 active loan accounts and 3,200 customers as of September 30, 2016. MAS Financial offer product and services under 5 categories:
- Micro-enterprise loans
- SME loans
- Two-wheeler loans
- Commercial Vehicle loans
- Housing loans
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | MAS Financial Services Ltd |
| Phone number | +91 79 3001 6500 |
| Email ID | [email protected] |
| Website | mas.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
MAS Financial IPO FAQs
When MAS Financial IPO will open?
The MAS Financial IPO opens on October 6, 2017 and closes on October 10, 2017.
What is the lot size of MAS Financial IPO?
MAS Financial IPO lot size is 32 Shares, and the minimum amount required is ₹14,688.
When is MAS Financial IPO listing date?
The MAS Financial IPO listing date is on October 18, 2017.
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