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MAS Financial Services Ltd IPO (MFSL IPO) Details

MAS Financial Services Ltd IPO (MFSL IPO) Details:

MAS Financial Services Ltd offers retail financing services in India. The company provides micro enterprise, two wheeler, small and medium enterprise, commercial vehicle, used car, tractor, and housing loans; and loans to micro finance industries, as well as housing finance and other non-banking financial companies.

As of September 30, 2016, it had approximately 3,200 customer locations in Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, and Tamil Nadu, as well as the National Capital Territory, Delhi served through a network of approximately 119 branches.

The company serves low and middle income individuals, as well as micro, small, and medium enterprises. MAS Financial Services Limited was founded in 1995 and is headquartered in Ahmedabad, India.

OBJECTS OF THE ISSUE:

Offer for Sale:

Company will not receive any proceeds from the Offer for Sale.

Fresh Issue:

Company proposes to utilise the Net Proceeds from the Fresh Issue towards:

  1. As an NBFC, Company is subject to regulations relating to the capital adequacy, which determine the minimum amount of capital Company must hold as a percentage of the risk-weighted assets on our portfolio and of the risk adjusted value of off balance sheet items, as applicable. Under RBI’s Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, as amended from time to time, Company is required to have a regulatory minimum CRAR of 15%. As at June 30, 2017, our Company’s CRAR was 23.80 % on a standalone basis, of which Tier I capital was 18.52 %. Our Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
  2. Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of Company’s brand name and creation of a public market for our Equity Shares in India.

MAS Financial Services Ltd IPO (MFSL IPO) Details:

  1. Issue Open: Oct 06, 2017 – Oct 10, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: * Equity Shares of Rs 10 aggregating up to Rs * Cr
  5. Issue Price: Rs 456 – Rs 459 Per Equity Share
  6. Market Lot: 32 Equity Shares
  7. Minimum Order Quantity: 32 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of MAS Financial Services Ltd IPO (MFSL IPO):

Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot,
Prabhadevi, Mumbai 400 025, Maharashtra, India
Telephone: + 91 22 3980 4200; Facsimile: +91 22 3980 4315
E-mail: mas.ipo@motilaloswal.com
Investor grievance E-mail: moiaplredressal@motilaloswal.com

REGISTRAR TO THE OFFER of MAS Financial Services Ltd IPO (MFSL IPO):

Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200; Facsimile: +91 22 4918 6195
E-mail: mas.ipo@linkintime.co.in
Investor Grievance E-mail: mas.ipo@linkintime.co.in

MAS Financial Services Ltd IPO (MFSL IPO) Draft Red Herring Prospectus (DRHP):

MAS Financial Services Ltd (MFSL) IPO Prospectus

Red Herring Prospectus (RHP) Of MAS Financial Services Ltd IPO (MFSL IPO):

MAS Financial Services Ltd (MFSL) IPO Prospectus

Day Wise MAS Financial Services Ltd IPO (MFSL IPO) Subscription Figures:

MAS Financial Services Ltd (MFSL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)19870281.785.74148.33
Non Institutional Investors (NIIs)14902700.220.47378.53
Retail 34772961.026.2915.82
Employees 1703160.711.842,41
Total 71249101.064.81 128.32

MAS Financial Services Ltd IPO (MFSL IPO) Allotment and Listing Dates Schedule:

  • 06/Oct/17 – Bid/Offer Opening Date
  • 10/Oct/17 – Bid/Offer Closing Date
  • 13/Oct/17 – Finalisation of Basis of Allotment
  • 16/Oct/17 – Unblocking of Funds from ASBA Account
  • 17/Oct/17 – Credit of Equity Shares to Demat Account
  • 18/Oct/17 – Commencement of Trading on NSE/BSE

* To Be Updated

MAS Financial Services Ltd IPO (MFSL IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of MAS Financial Services Ltd (MFSL) IPO is trading between Rs 215 – Rs 225 Per Equity Share.

How To Check MAS Financial Services Ltd IPO (MFSL IPO) Application Status:

To clear that doubt and to check MAS Financial Services Ltd (MFSL) IPO application status just use the below links and you can check it as follow:

Check MAS Financial Services Ltd (MFSL) IPO Application Status at BSE:  BSE Website

Check MAS Financial Services Ltd (MFSL) IPO Application Status at NSE NSE Website

To Check MAS Financial Services Ltd IPO (MFSL IPO) Application Status:

  1. Click on Links provided above
  2. Select MAS Financial Services Ltd IPO (MFSL IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check MAS Financial Services Ltd IPO (MFSL IPO) Allotment Status:

To Check MAS Financial Services Ltd (MFSL) IPO Allotment Status : Click Here

  1. Select MAS Financial Services Ltd IPO (MFSL IPO) from the first drop Down Menu
  2. Provide your PAN Number.

Market Update:

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Now Capacit’e Infraprojects Ltd IPO (CIL IPO) lists at 36.96% Premium.

ICICI Lombard General Insurance Company IPO also able to lists successfully at 3.1% Premium.

SBI Life Insurance Company Ltd IPO bidding going to start from September 20, 2017 – September 22, 2017. While SBI Life Insurance IPO Grey Market Premium (GMP) is trading between Rs 23 – Rs 25 per equity share.

Prataap Snacks Ltd IPO (PSL IPO) is going to be active in market from September 22, 2017 – September 26, 2017. Prataap Snacks Ltd (PSL) IPO Grey Market Premium (GMP) is trading between Rs 210 – Rs 230 per equity share.

Godrej Agrovet Ltd IPO (GAL IPO) bidding going to start from October 04, 2017 – October 06, 2017.

While Godrej Agrovet Ltd (GAL) IPO Grey Market Premium (GMP) is trading between Rs 115 – Rs 125 per equity share.

Now MAS Financial Services Ltd IPO (MFSL IPO) is going to hit market from  October 06, 2017 – October 10, 2017.

While MAS Financial Services Ltd (MFSL) IPO Grey Market Premium (GMP) is trading between Rs 18 – Rs 20 per equity share.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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