MAS Financial Services Limited IPO will launch on October 6, 2017 with a price band of Rs. 456-Rs.459 per equity shares. The lot size of applying the IPO is for 32 shares. One can apply via ASBA to avail the benefit of listing this IPO.
Company Profile:- The company was incorporated on May 25, 1995 at Ahmadabad, India. It is a Gujarat-headquartered NBFC with more than two decades of business operations. The operational functions of the company are spread in six States and the NCT of Delhi. The firm targets small and medium enterprises, middle and low income customer which consists five principal segments as below:-
- Micro-Enterprise Loans:- It consists two categories of micro enterprise loans :-
- Loans up to Rs. 75,000, typically to self-employed individuals engaged in trading or manufacturing business;
- Loans ranging between Rs. 75,000 and Rs. 300,000, typically to sole proprietors and partnership firms.
- Small and Medium Enterprise (SME) Loans:- Here, the firm facilitates loans upto Rs. 50 million to its SME customers, which includes small and medium sized manufacturers, dealers and service providers engaged in various industries.
- Two-wheeler Loans: –The firm offers two-wheeler loans especially to farmers, self-employed and salaried individuals as well as professionals.
- Commercial Vehicle Loans: –The Company provides loans up to Rs. 700,000 to its customers further to buy new and used commercial vehicles, used cars as well as tractors.
- Housing Loans: –The firm offers housing loans to customers to buy new and old houses, construction of houses on owned plots, home improvement and for the purchase and construction of commercial property. Salaried and self-employed individuals are the major customers of the firm.
Summary of Issue:
|Issue Open:-||October 6,2017 to October 10,2017|
|Issue Type||Book Built Issue IPO|
|Issue Size (Shares)||Equity Shares of Rs. 10 aggregating up to Rs. 460 crore|
|Issue Size in (Value)||Fresh Issue of Equity Shares of Rs 10 aggregating up to Rs.233.00 Cr
Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to Rs 277.04 Cr
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 456 – Rs. 459 Per Equity Shares|
|Market lots||32 Shares|
|Minimum Order Quantity||32 Shares|
|Listing At||NSE, BSE|
Important dates for MAS Financial Services Limited IPO Allotment Status
- The Allotment date for MAS Financial Services Limited IPO issue is expected to be Oct 13, 2017
- The amount will get unblocked on Oct 14,2017
- The Shares are expected to credited in DP accounts on Oct 14,2017
- The Shares of MAS Financial Services Limitedare likely to be listed Oct 15, 2017 on both BSE and NSE.
MAS Financial Services Limited IPO Allotment Status
MAS Financial Services LimitedIPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as MAS Financial Services Limited IPO
- Enter you PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
To Download Application Form click here
To Invest In IPO, Submit Details Below: