MAS Financial Services IPO

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 IPO details
Subscription Dates 6 - 10 October 2017
Price Band INR456 - 459 per share
Fresh issue INR233 crore
Offer For Sale INR227.04 crore
Total IPO size INR460.04 crore
Minimum bid (lot size) 32 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
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

MAS Financial Services Limited 
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: www.mas.co.in

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: mas.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Earnings Per Share (EPS): INR15.33

Price/Earnings (P/E) ratio: 29.74 - 29.94

Return on Net Worth (RONW): 20.65%

Net Asset Value (NAV): INR66.25 per share

MAS Financial Services IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 1,987,028 1.78 5.73 148.33
NII 1,490,270 0.22 0.47 378.53
Retail 3,477,296 1.01 6.28 14.70
Employees 170,316 0.71 1.83 2.40
Total 7,124,910 1.05 4.81 127.77

MAS Financial Services IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

IPO Opening Date: 6 October 2017

IPO Closing Date: 10 October 2017

Finalisation of Basis of Allotment: 13 October 2017

Initiation of refunds: 16 October 2017

Transfer of shares to demat accounts: 17 October 2017

Listing Date: 18 October 2017

Listing Price on NSE: INR660 per share (up 43.8% from IPO price)

Closing Price on NSE: INR654.4 per share (up 42.6% from IPO price)

MAS Financial Services IPO
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40 thoughts on “MAS Financial Services IPO

  • October 18, 2017 at 10:39 AM
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    Super listing! Made good money, now should I sell MAS or hold? Pls help!!!

    Reply
  • October 17, 2017 at 2:37 PM
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    I didn’t get any confirmation msg or email regarding IPO allotment. & money also not refunded. What should I do?

    Reply
    • October 17, 2017 at 6:51 PM
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      There are no refunds now with ASBA. Only the money is unblocked if unalloted shares. I’ll suggest to wait for a couple of days.

      Reply
  • October 17, 2017 at 7:53 AM
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    I got one lot

    Reply
  • October 16, 2017 at 8:46 PM
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    Refund not received wt to do

    Reply
    • October 18, 2017 at 11:16 PM
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      I also don’t get refund……..what should i do

      Reply
  • October 16, 2017 at 8:39 PM
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    I m note received refund….. Wt should i do

    Reply
  • October 16, 2017 at 8:04 PM
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    I didn’t get the money or allotment till now .what to do

    Reply
    • October 16, 2017 at 9:48 PM
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      Contact your bank as soon as possible

      Reply
  • October 16, 2017 at 1:41 PM
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    I have not get the share and money also not refunded.
    What should I do

    Reply
  • October 16, 2017 at 10:28 AM
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    I got the allotted me 1 lot.

    Reply
    • October 16, 2017 at 12:11 PM
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      I HAVN’T GOT ANY CONFIRMATIONS MAS YET,,,,,,,,NOR MONEY REFUNDED..

      Reply
    • October 16, 2017 at 5:24 PM
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      HOW MANY LOTS YOU HAVE APPLIED BRO!
      JUST WANT UNDERSTAND HOW THE ALLOTMENT MADE

      Reply
  • October 14, 2017 at 9:14 PM
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    I got allotment and feeling happy. Gmp 200 so I’ll earn 6000 profit :))

    Reply
    • October 14, 2017 at 11:09 PM
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      How did you come to know?

      Reply
  • October 14, 2017 at 3:50 PM
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    It’s to irritating, allotment yet not initiated

    Reply
    • October 14, 2017 at 8:57 PM
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      It’s out now

      Reply
  • October 13, 2017 at 9:26 PM
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    Today allottement date na

    Reply
  • October 13, 2017 at 3:39 PM
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    when will allotment out? Any Idea……

    Reply
      • October 13, 2017 at 10:43 PM
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        But their is showing today’s date…??

        Reply
  • October 10, 2017 at 3:06 PM
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    CAN ANY ONE GIVE STATS LIKE..
    1. WHAT ARE TOTAL LIVE LOANS
    2. PERCENTAGE OF PENDING LOANS AGAINST ISSUED LOANS.

    Reply
    • October 14, 2017 at 1:51 PM
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      15000/- main puri company kharid lega kya??…. Achha nahi lagta hain to mat laga IPO…

      Reply
  • October 10, 2017 at 12:54 PM
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    where can I monitor IPO bidding details for various IPOs i.e. subscription details?

    Reply
  • October 9, 2017 at 11:52 AM
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    but guys there is GMP of Rs. 225

    Reply
  • October 8, 2017 at 8:08 PM
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    Bad IPO.. dont go for it.

    Reply
    • October 10, 2017 at 3:34 PM
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      bhai tu laga k mujhe bech de allotment aa jae to

      Reply
      • October 14, 2017 at 1:44 PM
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        Mass ko bad bolne vale SBI and GIC ko good bolenge…!!

        Reply
  • October 5, 2017 at 12:24 PM
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    FY18 decreases as it reflects only first quarter not whole year.

    Reply
    • October 6, 2017 at 3:04 PM
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      Dear Sheetal, we are looking at the percentage and not numbers. The percentage is down in FY 2018 from 68.6% to 23.4 in FY 2018. In the next 3Qtrs how percentage will catch up.

      Reply
      • October 9, 2017 at 6:35 PM
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        That 68 and 23 are not percentages. These are actual profits in ₹ (crores). In previous year, PAT/Sale was 18.81% and in current year (1st qtr) it is 24.43%. So profit as a percentage of revenue has increased this year.

        Reply
  • October 5, 2017 at 12:23 PM
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    FY18 decreases as it reflects only first quarter not whole year.

    Reply
  • September 30, 2017 at 6:50 AM
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    Good IPO, Sure you will get nice returns..my suggestion is good to go.

    Reply
  • September 29, 2017 at 4:29 PM
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    Bad ipo. Profit & revenue year on year lower side. so i think don’t apply in this ipo.

    Reply
    • October 1, 2017 at 11:06 AM
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      You haven’t read the profits clearly

      Reply
      • October 4, 2017 at 10:43 AM
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        Fy18 huge diccress on profit & revenue. So i don’t know why profit & revenue huge fall ? So in this reason i realize in this ipo & talk to this dont apply. This company totaly confuze me !!!!! So i told this company after listing , then buy.

        Reply
        • October 14, 2017 at 1:47 PM
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          Do you think it will list in discount?… (If yes, you need mental treatment)

          Reply

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