MAS Financial Services Ltd IPO Details – Date, Company Profile, Allotment, Listing

MAS Financial Services Ltd IPO Details – Date, Company Profile, Allotment, Listing

Dixon Technologies IPO Details – Date, Company Profile, Allotment, Listing
Stock Market Latest News | Top Stories | MARKET PULSE on TuesDay,03 october 2017
SBI Life Insurance Company Ltd IPO Details – Date, Company Profile, Allotment, Listing
Stock Market Latest News | Top Stories | MARKET PULSE on Thursday,23 November 2017

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

COMPANY PROFILE

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.

OUR RECOMMENDATION

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

COMMENTS

WORDPRESS: 0
DISQUS: 0