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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)

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MAS Financial IPO Review / Comments

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977. Manishsahar  Oct 20, 2017 3:16:06 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?
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977.2. iRFAN kHAN  Oct 21, 2017 10:48:04 AM IST I Like It. | Report Abuse
yes!! same bank SBI.... amount still blocked
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977.3. iRFAN kHAN  Oct 21, 2017 10:49:55 AM IST I Like It. | Report Abuse
@unisal How to complain online.. please guide or give email ID for complaint, thanks
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976. iRFAN kHAN  Oct 21, 2017 10:46:06 AM IST I Like It. | Report Abuse Reply
My amount is still unblocked from the bank, please suggest what to do now!!!!!!
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975. dracula  Oct 20, 2017 11:43:33 PM 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 !!
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974. PavanM  Oct 19, 2017 6:07:48 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.
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974.1. mDelhi  Oct 20, 2017 5:13:33 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.
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973. CA Pratik  Oct 19, 2017 7:38:56 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.
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972. KING VINOD  Oct 19, 2017 7:36:12 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 700+ 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.
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971. Arunblr  Oct 19, 2017 6:56:36 PM IST I Like It. | Report Abuse Reply
MOIL ROCKING......HAPPY DIWALI
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970. Rajkumar Bhuj  Oct 19, 2017 5:31:35 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Will it cross 700 today?
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969. Rajkumar Bhuj  Oct 18, 2017 8:23:13 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
SGX Nifty is in Red right now. May not help the listing by a bit.

BTW Punters have asked Kostak sellers to put pre open limit of 600, so listing of 700 seems a bit far fetched. Let''s hope for the best.
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969.8. ABG  Oct 19, 2017 3:33:16 PM IST I Like It. | Report Abuse
@ Akshay

aapne kitne mai bechaa bhaii
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969.9. ABG  Oct 19, 2017 3:43:26 PM IST I Like It. | Report Abuse
750 mai bechdiya ???.
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968. R R Patel  Oct 19, 2017 1:54:33 PM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1700+ Likes)
Sold 10 shares @655 and still hold remaining 22 for some more upside.
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967. Chem cho  Oct 18, 2017 10:16:49 AM IST I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)
SEEMS BAD CHEERS @RS 660

BROUGHT AT RS 627
avatar
967.10. Chem cho  Oct 19, 2017 12:41:31 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)
@RAVI
FAKE people run away
avatar
967.11. ABG  Oct 19, 2017 1:15:39 PM IST I Like It. | Report Abuse
Gurujjii smart haii voo 2 min phlehi predict krletehee punters ke ageke move ko
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966. Arjun Patel  Oct 18, 2017 4:39:42 PM IST I Like It. 12 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 1000+ 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
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966.2. sameer james  Oct 18, 2017 9:46:56 PM IST I Like It. 1 | Report Abuse
Happy Diwali Arjun Sir. Keep it up.
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966.3. Apatel  Oct 19, 2017 11:01:41 AM IST I Like It. | Report Abuse
i have mas 670@1000 keep or sell
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965. Jain Sahab  Oct 19, 2017 9:57:04 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Happy Diwali To All Experts and Members
avatar
964. P M  Oct 19, 2017 7:59:38 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
HaPpY Diwali to all Investors

Wishing all investors including ME to be allotted every good IPO shares in future, with huge listing gains & robust returns.
avatar
963. RJ Rocks  Oct 19, 2017 7:55:59 AM IST I Like It. | Report Abuse Reply
Happy Diwali to all members and chittorgarh team. May this upcoming year brings more happiness to you and your families.
Thanks to all experts to guiding us.
Regards,
RJ.
avatar
962. Arihant.  Oct 18, 2017 10:23:16 PM IST I Like It. | Report Abuse Reply
Can anyone suggest good stock market book from i can get knowledge from scrap to investing strategy......how to manage or invest
avatar
962.1. RaviAgarwal  Oct 18, 2017 11:46:18 PM IST I Like It. 1 | Report Abuse
Start with this if you are new in stock market, will clear all of your basics in simple language.

http://amzn.to/2gOGNk8
avatar
962.2. Arihant.  Oct 19, 2017 12:19:07 AM IST I Like It. | Report Abuse
Thnku Ravi sir for ur suggestion.....
Also thinking of yhis book also
1)https://www.amazon.in/dp/0062312685/ref=pd_lpo_sbs_dp_ss_1?pf_rd_p=cd818f9c-142a-4b42-ad2c-f0421857aaf5&pf_rd_s=lpo-top-stripe&pf_rd_t=201&pf_rd_i=938020096X&pf_rd_m=A1VBAL9TL5WCBF&pf_rd_r=SR3BHDH63D53Z2259FSG&pf_rd_r=SR3BHDH63D53Z2259FSG&pf_rd_p=cd818f9c-142a-4b42-ad2c-f0421857aaf5
2)https://www.amazon.in/Rich-Dad-Poor-Teach-Middle/dp/1612680011/ref=pd_sim_14_3?_encoding=UTF8&psc=1&refRID=4W94P3ZQTTD43BEZQ7DM

Can u tell me how are these
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961. Sagar Hirani  Oct 18, 2017 9:56:58 PM IST I Like It. | Report Abuse Reply
Mahindra Logistics IPO Dates & Price Band: (Approx)
IPO Open: 31-October-2017
IPO Close: 02-November-2017
IPO Size: Approx Rs. 701 Crore (Approx)
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. 355 to 363 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 1,93,32,346 Shares
Shares: Apply for 41 Shares (Minimum Lot Size)
Amount: Rs. 14,883
Basis of Allotment: 8-November
Refunds: 9-November
Credit to demat accounts: 9-November
Listing: 10-November
Registrar: Link Intime India Private Limited
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960. R R Patel  Oct 18, 2017 7:41:47 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1700+ Likes)
On NSE:
Quantity Traded - 1,79,42,727
Deliverable Quantity -      43,37,875
% of Deliverable Quantity to Traded Quantity-      24.18 %
On BSE:
Quantity Traded - 28,52,089
Deliverable Quantity - 5,51,799
% of Deliverable Quantity to Traded Quantity-
19.35
Total Deliverable Quantity - 48,89,674
Total shares alloted to NII, Retail and Employee was 51,37,882
So 95% of shares available for trading goes to other hands.
So is it good sign?
Any comments please........
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960.1. P M  Oct 18, 2017 8:31:35 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Assuming that 95% of shares goes to other hands may not be viable.
Actual delivery qty & deliverable qty calculation may not be same.

Look details below where deliverable quantity calculation is more than holding.

Dixon Tech. Deliverable Qty. on - 18 Sep 2017

-------------------------------------------------------------------------------- NSE -------------------- BSE
Quantity Traded ------------------------------------------------------- 60,19,374 --------------- 970793
Deliverable Quantity (gross across client level) ------------- 15,61,829 --------------- 218670
% of Deliverable Quantity to Traded Quantity -----------------25.95 % ---------------- 22.52%

Total Deliverable Quantity (NSE+BSE) = 17,80,499 shares
Shares Holding (Retail + HNI) ----------- = 16,96,713 shares

1696713 - 1780499 = -83786 (Deliverable quantity more than holding? )

How?

Consider
A holding - 500 shares
B Holding - 0 shares
C Holding - 0 shares

1. A sales holding 500 shares to B (B taking as margin) -------------------------- Delivery => Margin
2. B square off position (Sells) 500 shares to C (C taking as margin) -------- Margin => Margin
3. C square off position (Sells) 500 shares to A (A taking as delivery) -------- Margin => Delivery

Actual delivery transferred 500 shares only.
But 1 & 3 considered as Delivery Transaction as A gives delivery in 1 & A taking delivery in 3.

So Deliverable Quantity considered as 500 + 500 = 1000 shares
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959. DSR  Oct 18, 2017 6:11:45 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sharing news article:
Mahindra Logistics, Mahindra Group’s logistics arm, on Wednesday said it will launch its Rs700 crore initial public offering (IPO) on 31 October. The public offering will close on 2 November.

The public issue of Mahindra Logistics comprises 19,332,346 equity shares that are up for sale. This includes 9,666,173 shares, amounting to 13.74% stake, by parent firm Mahindra and Mahindra Ltd.

Besides, Normandy Holdings would sell 9,271,180 shares, while Kedara Capital would offload 394,993 scrips. Normandy Holdings is a 100% subsidiary of Kedaara Capital.

Mahindra Logistics had filed its draft red herring prospectus with Sebi on 6 August and obtained “observations” on 6 October, which is very important for any company to float a public offer, as per the latest update with Sebi.

According to merchant banking sources, the company is expected to raise Rs700 crore through the initial public offer (IPO).


“The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges. Further, our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity to our shareholders,” Mahindra Logistics said.
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958. Uchit Patel  Oct 18, 2017 7:48:57 AM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 700+ Likes)
I am not pridicting listing price but on listing if we get 700-710 then it is very good price for exit. All NBFCs are very costly now. I don''t expect rally like AU Finance in MAS because of not aggressive in expansion, not small finance bank licence, not much network etc. It may be possible it will go up after listing but eventually in long term it will available at lower price than listing price.
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958.2. Uchit Patel  Oct 18, 2017 5:48:05 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 700+ Likes)
Sold at 671
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958.3. Baelish  Oct 18, 2017 6:09:37 PM IST I Like It. | Report Abuse
bought @ 630, holding. Non allotee
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