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  • BSE SENSEX
    1. 1443442
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    3. 1443 %
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    2. -1000.56
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  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
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    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
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MAS Financial Services Ltd April 10, 2015 (12:00)

Issue Period
Oct 06 , 2017 - Oct 10, 2017

Price Band
Rs.456 – Rs.459 per Equity Share

It is a Gujarat-headquartered NBFC with more than two decades of business operations and as of September 30, 2016, it has operated across six States and the NCT of Delhi. Our business and financing products are primarily focused on middle and low income customer segments, and include five principal categories:(i) micro-enterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans (which include new and used commercial vehicle loans, used car loans and tractor loans); and (v) housing loans.

It provides two categories of micro-enterprise loans: (i) loans up to Rs.75,000, typically to self-employed individuals engaged in trading or manufacturing business; and (ii) loans ranging between Rs. 75,000 and Rs.300,000, typically to sole proprietors and partnership firms.

INVEST NOW

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MAS Financial Services Limited IPO - Issue Details:

Issuer MAS Financial Services Limited. (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Oct 06, 2017
Issue Closes: Oct 10, 2017
Price Brand Rs.456/- to Rs.459/- per Equity Share
Issue Size(Rs.) Rs. 4,600.42 million Fresh Issue: Rs. 2,330 million Offer for Sale: Rs. 2,270.42 million
Face Value Rs.10 per Equity Share
Minimum Order Quantity Retail: 32 Shares and in multiples thereof
QIB* 50% of the issue size (49,35,099 Equity Shares)^
NIB 15% of the issue size(14,80,530 Equity Shares)^
Retail Individual Bidders 35% of the issue size (34,54,569 Equity Shares)^
Registrar Link Intime India Pvt Limited
Listing NSE & BSE
Book Running Lead Managers Motilal Oswal Investment Advisors Pvt Ltd

Karvy View

At standalone entity level, MAS Financial Services Limited has been consistently recording CAGR growth of 25% in revenue and the net profit growth has also been impressive at 26% CAGR growth during FY13-FY17. During the same period, MAS has consistently witnessed PAT margin of more than 19%. The IPO will infuse more capital compared to the existing capital and this will further add financial muscle which is expected to aid in healthy loan book growth going ahead. With GNPA & NNPA levels within limits of 1.17 & 0.99 respectively as on 30, Sep 2017, superior asset quality is major positive for the company. With the management’s decision to venture into high growth agri-input segment, MAS is expected to enjoy higher profitability margins. Considering the greater market penetration, better operating efficiency, niche focus, customized product offerings, strong financials, robust return ratios and a well cushioned capital adequacy ratio of 23.8 with a Tier-1 capital of 18.5 as on 30, Sep 2017, MAS valuation looks reasonable and we rate 3 out of 5 rating for the IPO.

Objects of the IPO:

  • The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the Freshissue of Rs. 2330 million and an offer for sale of Rs. 2270.42 million by MAS Financial Services Ltd.
  • General corporate purposes

Key Strategies:

  • Strengthen marketing and sourcing channels while maintaining stable growth and quality of portfolio
  • Expand product offerings
  • Leverage existing network and customer base to develop housing finance business
  • Leverage technology to foster growth

Public issue of 1,00,22,702 equity sharesof Rs. 10/-each (“equity shares”) of MAS Financial Services Ltd (Company or Issuer).


  • News

    • +MARKET COMMENTARY
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
    • +CORPORATE ANNOUNCEMENTS
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
    • +OTHER NEWS
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
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