MAS Financial Services Ltd

MAS Financial Services Ltd IPO (MAS Financial IPO) Detail

MAS Financial Services Ltd

MAS Financial Services Ltd IPO (MAS Financial IPO) Detail

MAS Financial Services Ltd incepted back in 1995, when times were quite different, MAS delivered financing solutions to those who needed it the most. MAS Financial Services Ltd is Gujarat based non-banking financial company (NBFC) registered with the Reserve Bank of India.

MAS Financial Services Ltd focused on fulfilling Requirements of lower income and middle-income groups of the society. MAS Financial Services Ltd offer following Financial Services.

  1. Micro Enterprises Loans
  2. SME Loans
  3.  Home Loans
  4. Two Wheeler Loans, Used Car Loans, and Commercial Vehicle Loans

MAS Financial Services Ltd has opened several branches. MAS Financial Services Ltd established the network of 72 branches in major cities of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu & Karnataka, through which over 3200 centers are catered is destined to grow so that they attend to the needs of their valued customers efficiently.

MAS Financial Services Ltd posted following revenue/net profits

Rs. 184.92 cr. / Rs. 33.09 cr. (FY14)

Rs. 238.20 cr. / Rs. 40.80 cr. (FY15)

Rs. 304.20 cr. / Rs. 51.45 cr. (FY16)

Rs. 364.70 cr. / Rs. 69.33 cr. (FY17)

For Q1 of current fiscal it has reported net profit of Rs. 23.70 cr. on revenue of Rs.104.33 cr. For last five years it has posted CAGR of 26.3% and 25.9% in revenues and net profits respectively.

Issue Detail:

Issue Open: Oct 6, 2017 – Oct 10, 2017

Issue Type: Book Built Issue IPO

Issue Size:  Equity Shares of Rs 10 aggregating up to Rs 460.04 Cr

Fresh Issue of Equity Shares of Rs 10 aggregating up to Rs 233.00 Cr

Offer for Sale of Equity Shares of Rs 10 aggregating up to Rs 227.04 Cr

Face Value: Rs 10 per Equity Share

Issue Price: Rs 456 – Rs 459 per Equity Share

Market Lot: 32 Shares

Minimum Order Quantity: 32 Shares

Listing At: BSE, NSE