MAS Financial Services Limited IPO
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.
As of September 30, 2016 Company had more than 530,000 active loan accounts and 3,200 Customers.
The Company operated across six States and in Delhi through 119 branches. It also has commission-based direct sales agents (DSA) and has revenue sharing arrangements with some of the dealers and distributors where part of loan default is guaranteed by such sourcing dealers.
The company has been in this business over 2 decade .It has track record of consistent growth with quality loan portfolio.The company has developed an extensive operational network in Gujarat and Maharashtra. Another important aspect of this company is Robust credit assessment and risk management framework
Objects of the Issue:
Listing Date: Oct 18 2017
|Open Date:||Oct 06 2017|
|Close Date:||Oct 10 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||460.04 Cr.|
|Lot Size:||32 Shares|
|Issue Price:||₹ 456-459 Per Equity Share|
|Listing Date:||Oct 18 2017|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||674.17||500.08||388.20||316.76||268.39|