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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.

MAS Financial IPO Details

IPO Opening Date Oct 6, 2017
IPO Closing Date Oct 10, 2017
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹456 to ₹459 per equity share
Market Lot 32 Shares
Min Order Quantity 32 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹460.04 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹233.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹227.04 Cr)

MAS Financial IPO Tentative Timetable

The MAS Financial IPO open date is Oct 6, 2017, and the close date is Oct 10, 2017. The issue may list on Oct 18, 2017.

IPO Open Date Oct 6, 2017
IPO Close Date Oct 10, 2017
Basis of Allotment Date Oct 13, 2017
Initiation of Refunds Oct 16, 2017
Credit of Shares to Demat Account Oct 17, 2017
IPO Listing Date Oct 18, 2017

MAS Financial IPO Lot Size

The MAS Financial IPO market lot size is 32 shares. A retail-individual investor can apply for up to 13 lots (416 shares or ₹190,944).

Application Lots Shares Amount (Cut-off)
Minimum 1 32 ₹14,688
Maximum 13 416 ₹190,944

MAS Financial IPO Review

Moderate investment may be considered for long term in this fully priced issue. Read detail review...

MAS Financial IPO Subscription Status (Bidding Detail)

The MAS Financial IPO is subscribed 128.39 times on 10/10/2017 11:15:00 PM. The public issue subscribed 15.97 times in the retail category, 148.33 times in the QIB category, and 378.53 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB148.33
NII378.53
Retail15.97
Employee2.41
Total128.39

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
IPO Price ₹459 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹459.00
₹660.00
₹625.00
₹680.95
₹654.75
NSE
₹459.00
₹660.00
₹625.00
₹681.50
₹654.40

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
Email: secretarial@mas.co.in
Website: http://www.mas.co.in/

MAS Financial IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mas.ipo@linkintime.co.in
Website: https://linkintime.co.in/

MAS Financial IPO Reviews / Ratings

MAS Financial IPO FAQs

MAS Financial IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹460.04 Crores. The issue is priced at ₹456 to ₹459 per equity share. The minimum order quantity is 32 Shares.

The IPO opens on Oct 6, 2017, and closes on Oct 10, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The MAS Financial IPO opens on Oct 6, 2017 and closes on Oct 10, 2017.

MAS Financial IPO lot size is 32 Shares and the minimum order quantity is 32 Shares.

You can apply in MAS Financial IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for MAS Financial IPO will be done on Oct 13, 2017, and the allotted shares will be credited to your demat account by Oct 17, 2017. Check the MAS Financial IPO allotment status.

The MAS Financial IPO listing date is on Wednesday, October 18, 2017.

MAS Financial IPO Message Board

Ranked Members  Ranked Members

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2070 Comments

986. P M |Nov 10, 2017 8:37:22 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new life time low 575.00
986.1. KARANJAGDISHWALA |Nov 12, 2017 9:36:22 AM
Company is giving dividend still the shares are falling drastically. hold or sell??
986.2. P M |Nov 12, 2017 2:14:57 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Hold with stoploss around 550
985. KARANJAGDISHWALA |Nov 12, 2017 9:35:37 AM
Can someone tell what do to with MAS?? Sell or Hold? It is just falling and falling
984. SANJAY G |Nov 9, 2017 6:14:37 PM
Does Q2 results are not as per expectation for MAS ? which came out yesterday I think.
983. P M |Nov 9, 2017 8:46:16 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Hits new low today @590.60 on NSE
983.1. P M |Nov 9, 2017 10:28:37 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
correction: new low on 08 Nov 2017
982. Vihaan |Oct 31, 2017 1:32:18 PM
Bought MASFIN @669
Now it is going down
Pls suggest to hold or sell
Also tell Stop loos
982.1. Ayush |Nov 12, 2017 6:28:40 PM
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...
981. Ashutosh Sharma Kanpur Dehat |Oct 27, 2017 5:26:21 PM
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
980. IPO LEADER |Oct 26, 2017 11:26:06 PM
Hold 1000 by diwali
979. gamble |Oct 18, 2017 11:09:40 AM
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Do not scared of 40-50 rs movement kip strict sl 599 and hold for 700+....

Disc : alloted 32,sold half 16 @660
979.16. gamble |Nov 14, 2017 2:55:45 PM
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Check high dear chem cho 700+.
979.17. Chem cho |Nov 15, 2017 2:21:07 PM
IPO Guru IPO Guru (2200+ Posts, 2300+ Likes)
MAS NOW RS 585
978. IPO LEADER |Oct 24, 2017 12:33:50 AM
Hold For the target of 900 within 6 months
977. gamble |Oct 23, 2017 11:58:30 AM
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
MAS hold on, AU part 2, hold for a month, sl 620,at alltime high again @680
977.1. gala |Oct 23, 2017 8:24:28 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Gamble Bhai any view on schand ?
Holding shares at an avg of 500 ... Need to know about it
977.2. gamble |Oct 23, 2017 10:02:10 PM
IPO Guru IPO Guru (1600+ Posts, 3900+ 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.
976. Arjun Patel |Oct 18, 2017 5:39:42 PM
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
976.3. Apatel |Oct 19, 2017 12:01:41 PM
i have mas 670@1000 keep or sell
976.4. Smiter |Oct 23, 2017 1:56:37 PM
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.
975. Chem cho |Oct 18, 2017 4:16:32 PM
IPO Guru IPO Guru (2200+ Posts, 2300+ Likes)
PRICE GOWING DOWN GOOD BUY AT RS 650
975.3. Chem cho |Oct 23, 2017 1:35:44 PM
IPO Guru IPO Guru (2200+ Posts, 2300+ Likes)
Those who brought on listing at end of day@rs 650 are happy today
975.4. Chem cho |Oct 23, 2017 1:40:30 PM
IPO Guru IPO Guru (2200+ Posts, 2300+ 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
974. Manishsahar |Oct 20, 2017 4:16:06 PM
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?
974.2. iRFAN kHAN |Oct 21, 2017 11:48:04 AM
yes!! same bank SBI.... amount still blocked
974.3. iRFAN kHAN |Oct 21, 2017 11:49:55 AM
@unisal How to complain online.. please guide or give email ID for complaint, thanks
973. iRFAN kHAN |Oct 21, 2017 11:46:06 AM
My amount is still unblocked from the bank, please suggest what to do now!!!!!!
972. dracula |Oct 21, 2017 12:43:33 AM
Next week I crucial now !!
Coz of we can see selling pressure & red everywhere !! Better sell mass & wait for it to come down !!
971. PavanM |Oct 19, 2017 7:07:48 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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.
971.1. mDelhi |Oct 20, 2017 6:13:33 PM
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.
970. CA Pratik |Oct 19, 2017 8:38:56 PM
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.
969. KING VINOD |Oct 19, 2017 8:36:12 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ 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.
968. Arunblr |Oct 19, 2017 7:56:36 PM
MOIL ROCKING......HAPPY DIWALI
967. Rajkumar Bhuj |Oct 19, 2017 6:31:35 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Will it cross 700 today?