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:
- Micro-enterprise loans
- SME loans
- Two-wheeler loans
- Commercial Vehicle loans
- 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 - Over 2 decade in business. Track record of consistent growth with 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
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹456 to ₹459 per equity share |
| Market Lot | 32 Shares |
| Min Order Quantity | 32 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540749 |
| NSE Symbol | MASFIN |
| ISIN | INE348L01012 |
| Issue Size | Aggregating up to ₹460.04 Cr |
| Fresh Issue | Aggregating up to ₹233.00 Cr |
| Offer for Sale | Aggregating up to ₹227.04 Cr |
MAS Financial IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 6-Oct-17 |
| IPO Close Date | 10-Oct-17 |
| Basis of Allotment Date | 13-Oct-17 |
| IPO Listing Date | 18-Oct-17 |
MAS Financial IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 32 | ₹14,688 |
| Maximum | 13 | 416 | ₹190,944 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For MAS Financial Services Ltd
Company Promoters:
The promoters of the company are:
- Kamlesh Chimanlal Gandhi
- Mukesh Chimanlal Gandhi
- Shweta Kamlesh Gandhi
Company Financials:
| PARTICULAR | 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 | 388.2 | 316.76 | 268.39 |
Objects of the Issue:
The Offer consists of the Fresh Issue and the Offer for Sale.
- Fresh Issue
The Company proposes to utilise the proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements. - Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale.
Registrar & Company Details
| Company Contact Information | MAS Financial IPO Registrar |
| 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 Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: mas.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
