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.
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
The promoters of the company are:
1. Kamlesh Chimanlal Gandhi
2. Mukesh Chimanlal Gandhi
3. Shweta Kamlesh Gandhi
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||674.17||500.08||388.20||316.76||268.39|
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 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
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||1,987,028||1,490,270||3,477,296||170,316||7,124,910|
|Day 1 - Oct 6, 2017 17:00 IST||1.7800||0.2200||1.0200||0.7100||1.0600|
|Day 2 - Oct 9, 2017 17:00 IST||5.7400||0.4700||6.2900||1.8400||4.8100|
|Day 3 - Oct 10, 2017 23:15 IST||148.3300||378.5300||15.9700||2.4100||128.3900|
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