MAS Financial Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,935,096 (49%) | — | ₹22,652 Cr |
| NII (HNI) | — | 1,480,530 (15%) | — | ₹6,796 Cr |
| Retail | — | 3,454,569 (34%) | — | ₹15,856 Cr |
| Employee | — | 169,082 (2%) | — | ₹78 Cr |
| Σ Total | — | 10,039,277 (100%) | — | ₹460,803 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,688 |
| Retail (Max) | 13 | 416 | ₹190,944 |
| S-HNI (Min) | 14 | 448 | ₹205,632 |
| B-HNI (Min) | 67 | 2,144 | ₹984,096 |
Financial Statements Amount in Crore
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 342 | 289 | 227 |
| Profit After Tax | 67 | 50 | 39 |
| Total Assets | 2,024 | 1,813 | 1,488 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Gross proceeds of the Fresh Issue – 233.00
Company Overview
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