Free Trading + Demat Account

MAS Financial Services Ltd IPO (MAS Financial IPO) Detail

Oct 6, 2017 - Oct 10, 2017

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

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
1. Over 2 decade in business. Track record of consistent growth with quality loan portfolio
2. Diversified product offerings
3. Access to diversified sources of capital and cost-effective funding
4. Developed an extensive operational network in Gujarat and Maharashtra
5. Robust credit assessment and risk management framework

Company Promoters:

The promoters of the company are:

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

Company Financials:

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 674.17 500.08 388.20 316.76 268.39

Objects of the Issue:

The Offer consists of the Fresh Issue and the Offer for Sale.

1. Fresh Issue
The Company proposes to utilise the proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.

2. Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale.

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

MAS Financial IPO Reviews:

  1. MAS Financial Services Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved1,987,0281,490,2703,477,296170,3167,124,910
Day 1 - Oct 6, 2017 17:00 IST1.78000.22001.02000.71001.0600
Day 2 - Oct 9, 2017 17:00 IST5.74000.47006.29001.84004.8100
Day 3 - Oct 10, 2017 23:15 IST148.3300378.530015.97002.4100128.3900

MAS Financial IPO Prospectus

MAS Financial IPO Rating

1433
4.2
Rating:Rated 4.2 stars

Vote Here ...

MAS Financial IPO Listing Date

  •   ›  Listing Date: Wednesday, October 18, 2017
  •   ›  BSE Script Code: 540749
  •   ›  NSE Symbol: MASFIN
  •   ›  Listing In: B Group of Securities
  •   ›  ISIN: INE348L01012
  •   ›  Issue Price: Rs 459 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 459.00
Rs 660.00
Rs 625.00
Rs 680.95
Rs 654.75
2,852,089
NSE
Rs 459.00
Rs 660.00
Rs 625.00
Rs 681.50
Rs 654.40
17,942,727

MAS Financial IPO News Alerts

  1. Wednesday, October 18, 2017 12:00:00 AM
    MAS Financial Services Ltd IPO - Listing
  2. Tuesday, October 10, 2017 12:00:00 AM
    MAS Financial Services Ltd IPO - Close
  3. Friday, October 6, 2017 12:00:00 AM
    MAS Financial Services Ltd IPO - Open

Company Contact Information

MAS Financial Services Ltd
6, Narayan Chambers, Ground Floor,
Behind Patang Hotel, Ashram Road,
Ahmedabad 380 009
Phone: +91 79 3001 6500
Fax: +91 79 3001 6597
Email: secretarial@mas.co.in
Website: http://www.mas.co.in/

MAS Financial IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mas.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

MAS Financial IPO Lead Manager(s)

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compared top share brokers in India to help investors like you. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

@

MAS Financial IPO Review / Comments

avatar
982. gamble  Oct 18, 2017 11:09:40 AM IST I Like It. 7 | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
Do not scared of 40-50 rs movement kip strict sl 599 and hold for 700+....

Disc : alloted 32,sold half 16 @660
avatar
982.16. gamble  Nov 14, 2017 2:55:45 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
Check high dear chem cho 700+.
avatar
982.17. Chem cho  Nov 15, 2017 2:21:07 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
MAS NOW RS 585
avatar
981. Vihaan  Oct 31, 2017 1:32:18 PM IST I Like It. 1 | Report Abuse Reply
Bought MASFIN @669
Now it is going down
Pls suggest to hold or sell
Also tell Stop loos
avatar
981.1. Ayush  Nov 12, 2017 6:28:40 PM IST I Like It. | Report Abuse
Buy at Current level and average your holding and sell it in the first up move on the stcok at...i am not seeing this stock to move beyong 625 in any case...
avatar
980. P M  Nov 10, 2017 8:37:22 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Again makes new life time low 575.00
avatar
980.1. KARANJAGDISHWALA  Nov 12, 2017 9:36:22 AM IST I Like It. | Report Abuse
Company is giving dividend still the shares are falling drastically. hold or sell??
avatar
980.2. P M  Nov 12, 2017 2:14:57 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Hold with stoploss around 550
avatar
979. KARANJAGDISHWALA  Nov 12, 2017 9:35:37 AM IST I Like It. 1 | Report Abuse Reply
Can someone tell what do to with MAS?? Sell or Hold? It is just falling and falling
avatar
978. Ankitxyz  Oct 17, 2017 8:27:55 PM IST I Like It. 9 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Peer Comparison

..........................MAS......Cap First....Bajaj Finance.
Top CaGr........24.32..........38.16..........36
Bottom CaGr....28.72.........65.21.........43
P/B...................7.43.........3.23.........11.21
PE....................26..........29.31...........54.91

Based on estimated EPS 2017-18 Rs.15.64
PE at 550--------------------------------35x (Reasonable IMO for taking new position)
PE at 625-------------------------------- 39.90x
PE at 680 (Issue 459 +GMP 221)--43.76x (Expensive)


In comparison to peers,It is highly expensive at any listing price between 625 to 700. I will sell my holding in pre-opening if it manages to open as per current GMP. (This is my Personal View)
avatar
978.6. Ankitxyz  Oct 18, 2017 2:23:35 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
@Akshayjiii

Just for fun..
Operators- buy kroo logo ko attract kroo...2% up
Retailer--theek hai...2 % up move normal hai..
operators--Kyu koi retailer buy nai kiyaa...orr buy krooo...again 5 % up
Retailer....lagrhahai kee.or 4/5% up jaeegaa kal.... buy krlo
operators- orr buy kroo...10% up move
retailer...lagrha hai kii e to portfolio stock ...chhota dmart...buy krlo..1yr mai double
operators...abhi bechna chalu krooo.....5% down
retailer....ee to healthy profit booking hai ...dip mai buy krooo
operators--oor becho........15% down
retailer ---ohhoo....ab to loss mai aagaya ..kya kru ,,loss book kru ya average kru...chlo average hii krloo.loss kyu book kreee...avg...avg...avg...avg
avatar
978.7. Ankitxyz  Nov 9, 2017 7:40:38 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Good Buy at 550. Don''t enter till then
avatar
977. SANJAY G  Nov 9, 2017 6:14:37 PM IST I Like It. | Report Abuse Reply
Does Q2 results are not as per expectation for MAS ? which came out yesterday I think.
avatar
976. P M  Nov 9, 2017 8:46:16 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Hits new low today @590.60 on NSE
avatar
976.1. P M  Nov 9, 2017 10:28:37 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
correction: new low on 08 Nov 2017
avatar
975. Ashutosh Sharma Kanpur Dehat  Oct 27, 2017 5:26:21 PM IST I Like It. 2 | Report Abuse Reply
Maine ye mail GIC walon ko likhi hai...awaiting their response

Hello Sir,

Mene Khet bech ke aap ke IPO me paisa lagaya..2 lakh rupaye...aapka stock market me fail ho gaya..mera paisa wapis de do ....ab mai nahi lagaunga market me promise.
tax kaat ke wapis de do
avatar
974. IPO LEADER  Oct 26, 2017 11:26:06 PM IST I Like It. | Report Abuse Reply
Hold 1000 by diwali
avatar
973. IPO LEADER  Oct 24, 2017 12:33:50 AM IST I Like It. | Report Abuse Reply
Hold For the target of 900 within 6 months
avatar
972. gamble  Oct 23, 2017 11:58:30 AM IST I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
MAS hold on, AU part 2, hold for a month, sl 620,at alltime high again @680
avatar
972.1. gala  Oct 23, 2017 8:24:28 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gamble Bhai any view on schand ?
Holding shares at an avg of 500 ... Need to know about it
avatar
972.2. gamble  Oct 23, 2017 10:02:10 PM IST I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
Hold on,

Delivery basesd buying going on, today hugh vol on both exchange with 97% deliverables, some MF, hni interested at this range may b!!

Looking at valuation also much comfortable level of 20-21PE,PB 3x, mcap/sales 2.3
Vs
Navneet 25PE,PB 5x, m.cap/sales 3.4,

So limited(Negligible) downside frm this(455) lvls, 15-20% upside pending imo.
avatar
971. Arjun Patel  Oct 18, 2017 5:39:42 PM IST I Like It. 13 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
Mas Book Profit at 670~700/- Range is Good to sell.

It''s a High Proceed issue.
Better Buy Godreg Agrovet.

Rel Nippon Apply For Listing Gain
Mahindra Apply for Listing Gain Opening 31st


Upcoming IPO
Khadim 2nd November

New India & Shalby to Follow

Enjoy IPO Buzz

Arjun@Rajkot Brokers Association
Happy Diwali
avatar
971.3. Apatel  Oct 19, 2017 12:01:41 PM IST I Like It. | Report Abuse
i have mas 670@1000 keep or sell
avatar
971.4. Smiter  Oct 23, 2017 1:56:37 PM IST I Like It. | Report Abuse
Any idea when Future Supply CHain SOlutions would list? Its holding company Future ENterprises Ltd (FEL) will also start to run up , as it intends to pay off debt with those proceeds & other investments. FEL is a good deep value investment.
avatar
970. Chem cho  Oct 18, 2017 4:16:32 PM IST I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
PRICE GOWING DOWN GOOD BUY AT RS 650
avatar
970.3. Chem cho  Oct 23, 2017 1:35:44 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Those who brought on listing at end of day@rs 650 are happy today
avatar
970.4. Chem cho  Oct 23, 2017 1:40:30 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Heavy selling pressure at Rs 680 again if it crosses rs 682 then rs 690
stop loss rs 658
for those who brought at rs 650
Ipo holders stop loss may be Rs 635 but you have to decide
avatar
969. Manishsahar  Oct 20, 2017 4:16:06 PM IST I Like It. 1 | Report Abuse Reply
I did not got allotment in MAS ipo but still my money was blocked in my sbi account.what to do.?is same happened with any other?
avatar
969.2. iRFAN kHAN  Oct 21, 2017 11:48:04 AM IST I Like It. | Report Abuse
yes!! same bank SBI.... amount still blocked
avatar
969.3. iRFAN kHAN  Oct 21, 2017 11:49:55 AM IST I Like It. | Report Abuse
@unisal How to complain online.. please guide or give email ID for complaint, thanks
avatar
968. iRFAN kHAN  Oct 21, 2017 11:46:06 AM IST I Like It. | Report Abuse Reply
My amount is still unblocked from the bank, please suggest what to do now!!!!!!
avatar
967. dracula  Oct 21, 2017 12:43:33 AM IST I Like It. | Report Abuse Reply
Next week I crucial now !!
Coz of we can see selling pressure & red everywhere !! Better sell mass & wait for it to come down !!
avatar
966. PavanM  Oct 19, 2017 7:07:48 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Dear All,
First of all Wish you all a very Safe, Happy and Healthy Diwali..
Please go through this article once.

http://www.cseindia.org/content/already-worsening-pollution-levels-will-spike-during-diwali-due-firecrackers
http://www.thehindu.com/news/cities/Delhi/firecrackers-experts-welcome-sc-ban/article19832348.ece

Here is an excerpt from one of above article on pollution caused by Fire crackers.
What is at stake – our health

Crackers are a mix of deadly chemicals. Crackers not only emit more of particulate matter, nitrogen oxides, sulphur dioxide but also spew cancer causing toxins. It’s a myth that silent crackers and sparklers are safer. In fact, their coloured flames include deadly toxic metals -- strontium for red, barium for green, copper for blue, iron for gold, copper and strontium for purple. For glitter they use antimony sulphide that causes lung cancer and skin conditions. Copper compounds for blue trigger cancer, skin conditions and hormonal imbalances. Percholate is responsible for lung cancer and thyroid complications.

Pollutants settle invisibly all around us – on soil, vegetation, crop and water and through our food chain, come back to us.

Doctors are warning against breathlessness, cough, asthma, pulmonary disease, rhinitis, and lower respiratory tract infection. Those suffering from Broncho constriction, wheezing and chronic obstruction pulmonary disease need precaution. High exposures to metal particles are known to be associated with lung cancer, pneumoconiosis, emphysema and high toxic effect on cells in the long run. Though the exposure during Diwali is only short term it intensifies the already high exposure in the city.

Moreover, children are more vulnerable as they have poor defense mechanisms. Their ability to metabolise and detoxify environmental agents is different. Given their hyper level of physical activity, they inhale more volume of air than adults and therefore breathe more pollution. Joint studies of Central Pollution Control Board and Chittaranjan National Cancer Research Institute have already demonstrated that every third child in Delhi has impaired lungs.
avatar
966.1. mDelhi  Oct 20, 2017 6:13:33 PM IST I Like It. | Report Abuse
Agree with you but considering the environment crackers should be totally banned, along with those company whose industrial waste is contaminate the ground water, BS-III vehicles,Paperless IPOs etc.
avatar
965. CA Pratik  Oct 19, 2017 8:38:56 PM IST I Like It. 2 | Report Abuse Reply
Looking Todays 1 Hour MUHARATA Session There will be Profit Booking In Next Week For Sure.

Both Main Index Fell Really Badly Thanks To Bank NIFTY. I have Never Seen This Much Profit Booking in Muharata Session.
avatar
964. KING VINOD  Oct 19, 2017 8:36:12 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Happy Diwali to One and all in the Chittorgarh Forum
Happy investing
May you all stay Invested in Love, Happiness, Wealth, Prosperity today, tomorrow and forever.

Regards,
Vinod.
avatar
963. Arunblr  Oct 19, 2017 7:56:36 PM IST I Like It. | Report Abuse Reply
MOIL ROCKING......HAPPY DIWALI
special_offers
By Popular Stock Brokers
ProStocks Reivew
ProStocks
Flat Fee Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

FREE Trading + Demat Acct

Flat Rs 20 Per Trade
Free Equity Delivery Trades

Rs 100 off on account opening*

Enquire Now
(* on online account opening)

Intraday @ 0.02%
Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)


Request Demo

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back

RKSV Discount Broker Review  RKSV

Ditch & Switch

Switch to RKSV and earn brokerage credit of Rs 2000

Get RKSV Trading Account



More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: