Wednesday, September 27, 2017

MAS Financial IPO Dates, Price Band, Market Lot Details

 Wednesday, September 27, 2017  
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MAS Financial is coming up with 550 crore ipo.MAS Financial Services is a non banking financial company based in Gujarat. They are operating from six states. They are incorporated in 1995. The ipo size is Rs.550 crore in which Fresh issue of Rs.307 crore and 242 crore of offer to sale. They are providing micro enterprise loans, SME loans, two wheeler, commercial and housing loans. They have good network in Delhi with 119 branches. They have good customer base as well.

MAS Financial IPO Review:
  • Apply for Listing Gain & Long Term Gain
MAS Financial IPO Dates & Price Band: (Approx)
  • IPO Open: 06-October-2017
  • IPO Close: 10-October-2017
  • IPO Size: Approx Rs. 550 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 456 to 459 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
MAS Financial IPO Market Lot:
  • Shares: Apply for 32 Shares (Minimum Lot Size)
  • Amount: Rs.14688
MAS Financial IPO Allotment & Listing:
  • Basis of Allotment: 13-October
  • Refunds: 16-October
  • Credit to demat accounts: 17-October
  • Listing: 18-October
MAS Financial Financial:
Mas Financial's PAT is been increasing yoy. It is 67 crore in 2017 which is 34% increase compared to 2016. They are almost 3 times in Assets, Revenues and PAT. The things are looking positive for the company. Good profit and PAT will give more faith to the investors.

      Financial Results (Rs. in Crore)

2017 2016 2015 2014 2013
Assets 2024 1813 1488 1078 772
Revenue 342 289 227 178 139
PAT 67 50 39 32 27

Company Promoters:
  • Kamlesh Chimanlal  Gandhi
  • Mukesh  Chimanlal Gandhi
  • Shweta Kamlesh Gandhi
  • Prarthna Marketing Private Limited
Quick Links:
DRHP Draft Prospectus

MAS Financial IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: [email protected]
MAS Financial IPO Lead Managers:
  • Motilal Oswal Investments Advisors Pvt Ltd
Company Address:
MAS Financial Services Ltd
6, Narayan Chambers, Ground Floor,
Behind Patang Hotel, Ashram Road,
Ahmedabad 380 009
Phone: +91 79 3001 6500
Fax: +91 79 3001 6597
Email: [email protected]


  1. GMP is 110-130, not 18-20.
    Good IPO.

  2. if i would like to apply for 64 share then how could i apply plz guide to me.. .. ..

    1. Yes you can apply but it will be subscribed heavily so you can expect the same allotment process. You can use that money in coming ipos.

    2. thank you sir, for your advice, can i asked u one more question, in IPO may b there is some quota above Retails, Employee and Direct, what is direct >? as i hv seen written Direct on ipo application form, instead of our DP / share broker name. (in right side above block )

  3. at what time allotment will be made ?

  4. It's available on site....