MAS Financial Services ipoMAS Financial Services IPO (MAS IPO)

MAS Financial Service Ltd is coming up with its IPO of Rs. 460 crores on 8 October 2017 i.e, today. It’s a non banking finance company whose headquarter is in Gujarat. MAS Financial services IPO is offering 1,80,27,464 shares with price band of 456-459. The issue will end on 10 October. The company on Thursday also announced that it is able to raise 136 crores from anchor investors including Wasatch HDFC MF, JP Morgan, ICICI Prudential MF, SBI MF, Birla Sun Life MF, Nomura, DSP Blackrock MF and Reliance MF.

Company Business

The primary focus of the company is on middle and lower income customer. MAS financial offer products and services under 5 categories namely Micro enterprise loans, Two wheeler loans, Commercial vehicle loans, Housing loans, SME loans. It has an extensive operational network in Gujarat and Maharashtra. Company is known for its vigorous risk management and credit worthiness framework. The shareholders of the company even include development finance institutions like FMO, DEG and private equity investors.

Company Promoter

The promoters of the MAS Financial Services company are:

  1. Kamlesh Chimanlal Gandhi
  2. Mukesh Chimanlal Gandhi
  3. Shweta Kamlesh Gandhi

MAS Financial Services Ltd – Company Financials

These are the summary of MAS Financial Services financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
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 (PAT) 674.17 500.08 388.20 316.76 268.39

MAS Financial Services Issue Details

  • IPO Open Date – 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 share
  • Issue Price – Rs 456 – Rs 459 per equity share
  • Lot size – 32 shares
  • Minimum order quantity – 32 shares
  • Listing Stock exchanges – NSE and BSE

MAS Financial Services IPO Prospectus

MAS Financial Services IPO Lead Manager(s)