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 LimitedÂ
6, Narayan Chambers, Ground Floor
Behind Patang Hotel, Ashram Road
Ahmedabad – 380 009
Phone:Â +91 79 3001 6500
Fax:Â +91 79 3001 6597
Email: [email protected]
Website:Â 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:Â [email protected]
Website:Â 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:Â 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)
Bad ipo. Profit & revenue year on year lower side. so i think don’t apply in this ipo.
You haven’t read the profits clearly
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.
Do you think it will list in discount?… (If yes, you need mental treatment)
Good IPO, Sure you will get nice returns..my suggestion is good to go.
FY18 decreases as it reflects only first quarter not whole year.
FY18 decreases as it reflects only first quarter not whole year.
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.
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.
Bad IPO.. dont go for it.
bhai tu laga k mujhe bech de allotment aa jae to
Mass ko bad bolne vale SBI and GIC ko good bolenge…!!
but guys there is GMP of Rs. 225
where can I monitor IPO bidding details for various IPOs i.e. subscription details?
https://www.nseindia.com/products/content/equities/ipos/homepage_ipo.htm
select the ipo and click on all exchange demand graph u will come to know the total subscription.
CAN ANY ONE GIVE STATS LIKE..
1. WHAT ARE TOTAL LIVE LOANS
2. PERCENTAGE OF PENDING LOANS AGAINST ISSUED LOANS.
15000/- main puri company kharid lega kya??…. Achha nahi lagta hain to mat laga IPO…
when will allotment out? Any Idea……
Tomorrow
But their is showing today’s date…??
Today allottement date na
It’s to irritating, allotment yet not initiated
It’s out now
I got allotment and feeling happy. Gmp 200 so I’ll earn 6000 profit :))
How did you come to know?
I got the allotted me 1 lot.
I HAVN’T GOT ANY CONFIRMATIONS MAS YET,,,,,,,,NOR MONEY REFUNDED..
HOW MANY LOTS YOU HAVE APPLIED BRO!
JUST WANT UNDERSTAND HOW THE ALLOTMENT MADE
7 lot applied
I have not get the share and money also not refunded.
What should I do
I didn’t get the money or allotment till now .what to do
Contact your bank as soon as possible
I m note received refund….. Wt should i do
Refund not received wt to do
I also don’t get refund……..what should i do
I got one lot
on what price ?
I didn’t get any confirmation msg or email regarding IPO allotment. & money also not refunded. What should I do?
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.
Super listing! Made good money, now should I sell MAS or hold? Pls help!!!