MAS Financial IPO Dates, Price Band,History ,Market Lot Details-2017

MAS Financial is coming up with 550 crore IPO.MAS Financial Services is a nonbanking financial company based in Gujarat. They are operating from six states. They are incorporated in 1995. The IPO size is Rs.550 crore in which Fresh issue of Rs.307 crore and 242 crores of an offer to sell. They are providing microenterprise loans, SME loans, two-wheeler, commercial and housing loans. They have a good network in Delhi with 119 branches. They have a good customer base as well.
MAS Financial IPO Review:

  • Apply for Listing Gain & Long Term Gain

MAS Financial IPO Dates & Price Band: (Approx)

  • IPO Open: 06-October-2017
  • IPO Close: 10-October-2017
  • IPO Size: Approx Rs. 550 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs.  to  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: %
  • Equity Shares:

MAS Financial IPO Market Lot:

  • Shares: Apply for  Shares (Minimum Lot Size)
  • Amount: Rs.

MAS Financial IPO Allotment & Listing:

  • Basis of Allotment-October
  • Refunds: October
  • Credit to demat accounts: October
  • Listing: October

MAS Financial Financial:
Adding Soon

Company Promoters:

  • Kamlesh Chimanlal  Gandhi
  • Mukesh  Chimanlal Gandhi
  • Shweta Kamlesh Gandhi
  • Prarthna Marketing Private Limited

Quick Links:
DRHP Draft Prospectus

MAS Financial IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mas.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
MAS Financial IPO Lead Managers:

  • Motilal Oswal Investment Advisors Pvt Ltd

Company Address:
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/

History

Business description from prospectus – MAS Financial Services is a Gujarat-headquartered NBFC with more than two decades of business operations. As of June 30, 2017, it operated across six States and the NCT of Delhi. The business and financing products are primarily focused on middle and low income customer segments, and include five principal categories: (i) micro-enterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans (which include new and used commercial vehicle loans, used car loans and tractor loans); and (v) housing loans. The company’s promoters have significant operational experience in the financial services sector in India, and its shareholders include development finance institutions including FMO and DEG and private equity investors including Sarva Capital.

In addition to the sales team, it has entered into commercial arrangements with a large number of sourcing intermediaries, including commission based DSAs and revenue sharing arrangements with various dealers and distributors where part of loan default is guaranteed by such sourcing partners. As of June 30, 2017, it had 332 such sourcing intermediaries for our two-wheeler loan segment and 395 such sourcing intermediaries for the Commercial Vehicle loan segment. As of June 30, 2017, it had entered into arrangements with 55 sourcing intermediaries for the housing loan segment.

Promoters of MAS Financial Services – Kamlesh Chimanlal Gandhi, Mukesh Chimanlal Gandhi, Shweta Kamlesh Gandhi and Prarthna Marketing Private Limited

MAS Financial Services’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 143.1 184.9 238.2 304.2 364.7 104.3
Total expenses 102.6 135.2 176.5 225.7 258.7 68.1
Profit after tax 27.3 32.6 40.0 50.8 68.6 23.4

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