MAS Financial Services Ltd
Issue Period – 06 OCT – 10 OCT, 2017 Issue Size – 10022658 Eq Shares (Rs. 460.04 cr)
Issue Price – Rs.456 – Rs.459 per Eq Share Market Lot – 32 Equity Shares
Face Value – Rs 10 per Eq Share Listing at – BSE, NSE
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.
THE OBJECT OF THE ISSUE
The Company proposes to utilise the proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
QIB (more than Rs/- 200,000/-) 50% of Net Issue size
Non-Institutional (more than Rs/-200,000/-) 15% of Net Issue size
Retail (up to Rs/-200,000/-) 35% of Net Issue size