Money Masters Leasing & Finance Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 628,000 (47%) | — | ₹94 Cr |
| Retail | — | 628,000 (47%) | — | ₹94 Cr |
| Market Maker | — | 80,000 (6%) | — | ₹1 Cr |
| Σ Total | — | 1,336,000 (100%) | — | ₹2,004 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)
Lot size or price band not yet announced.
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 To augment the capital base and provide for the fund requirements for increasing the Asset Financing Operations. – 1.55
- 2 To meet the expenses of the issue – 0.45
Company Overview
Incorporated in 1994, Money Masters Leasing & Finance Ltd is in the business of financing of hire purchase basis to Auto Rickshaws, computers, Industries Machinery & tools, cars & Equipments. Company is a NBFC registered with RBI to Carry on NBFC activities and also provide loans against property.
MMLF caters mainly to small and medium business enterprises. The company also helps entrepreneurs in beginning business by providing finance against machinery's etc. Its also specializes in consumer finance & Public vehicle finance and other core of area of revenue generation. Till date the company has financed around 3000 auto rickshaws on hire purchase.