MAS Financial IPO Allotment Status Declared

MAS Financial IPO Status Online

Hello Guys, Now MAS Financial IPO allotment status is release today or tomorrow. In this article you know IPO allotment status of Reliance Nippon , various other information like price, face value, refund date, when listing, minimum amount, when listing, etc.

MAS Financial IPO Schedule

MAS Financial IPO schedule shared ,so you can check the key dates for the MAS Financial services IPO allotment status date, refund date, listing date, etc.

MAS Financial IPO Open Date: 06/10/2017

MAS Financial IPO Close Date: 10/10/2017

MAS Financial IPO Allotment Status Date: 14/10/2017

MAS Financial IPO Refund Amount: 16/10/2017

Price Band: Rs.456 -459

Face Value: Rs.10 per share

MAS Financial IPO Size: Approx 600 crore

Minimum Amount: Rs.14668 for l lot

Share lot:  32 share in 1 lot

Listing: Both BSE & NSE

Subscription of MAS Financial IPO

There is a huge response to MAS Financial Company for the last day. As per expert report almost MAS financial IPO oversubscribed. Check day wise subscription report for MAS Financial IPO.

MAS Financial IPO Status

MAS Financial IPO Information

BASIS FOR OFFER PRICE

The Offer Price will be determined by Company and the Selling Shareholders, in consultation with the BRLM on the basis of assessment of market demand for the Equity Shares through the Book Building Process and on the basis of the following qualitative and quantitative factors. The face value of the Equity Shares is `10 each and the Offer Price is times the face value at the lower end of the Price Band and times the face value at the higher end of the Price Band.

Qualitative Factors

Company believe the following are their competitive strengths:

  • Track record of consistent growth with quality loan portfolio
  • Diversified product offerings presenting significant growth opportunities
  • Access to diversified sources of capital and cost-effective funding
  • Deep market knowledge through extensive sourcing channels
  • Robust credit assessment and risk management framework
  • Experienced management team with reputed investors

About MAS Financial Services Company

MAS Financial Company was incorporated as MAS Financial Services Limited, a public limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat (Dadra & Nagar Haveli) on May 25, 1995 at Ahmadabad. Company obtained a certificate for commencement of business on May 29, 1995 issued by the Assistant Registrar of Companies, Gujarat (Dadra & Nagar Haveli).

The Indian Economy The Indian economy is one of the largest economies in the world, with a gross domestic product (“GDP”) on purchasing power parity basis of an estimated US$7.99 trillion in calendar year 2015. Per capita GDP in India has grown from an estimated US$5,500.00 in calendar year 2013 to an estimated US$6,200.00 in calendar year 2015.

The RBI has stated that India’s GDP was 7.60% in Fiscal 2016 against 7.20% in Fiscal 2015. (Source: Reserve Bank of India Monetary Policy Report – October 2016). Financial Inclusion in India Given the sheer size of the Indian population and considering that a large section still lacks access to formal banking services, driving financial inclusion has always been a key priority for the government.

The banking system and ‘priority sector’ lending have been the most explored channels to bring majority of the population under the ambit of formal credit institutions. India is on the threshold of a high-growth trajectory, hence financial inclusion is imperative for sustaining equitable growth.

In India, the major reasons for financial exclusion are poverty, low income, financial illiteracy, high transaction cost, and lack of infrastructure, primarily IT infrastructure. Consequently, a significant proportion of the population still does not have access to formal banking facilities. The global average of adult population with an account (at a bank, financial institution or with mobile money providers) is about 62%. India is far behind at about 53%. However, its average is above that of South Asia, which is relatively low at about 46% due to poor financial inclusion, especially certain of its neighbouring countries. (Source: CRISIL Microfinance Industry Information, 2016 (“CRISIL MFI Information, 2016”).

OFFER PROCEDURE

All Bidders should review the ‘General Information Document for Investing in Public Issues’ prepared and issued in accordance with the circular (CIR/CFD/DIL/12/2013) dated October 23, 2013 notified by SEBI (“General Information Document”) included below in “– Part B – General Information Document”, which highlights the key rules, processes and procedures applicable to public issues in general in accordance with the provisions of the Companies Act, the SCRA, the SCRR and the SEBI ICDR Regulations. The General Information Document has been updated to reflect various enactments and regulations as well as amendments to existing regulations, to the extent applicable to the Offer. The General Information Document is also available on the websites of the Stock Exchanges, the BRLM. Please refer to the relevant portions of the General Information Document which are applicable to this Offer.

Book Building Procedure

The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to QIBs. Our Company and the Selling Shareholders in consultation with the BRLM may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion (other than Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only.

The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price such that, subject to availability of Equity Shares, each Retail Individual Bidder shall be Allotted not less than the minimum Bid Lot, and the remaining Equity Shares, if available, shall be allotted to all Retail Individual Bidders on a proportionate basis.

Statutory Auditors to MAS Financial Company

Deloitte Haskins & Sells, Chartered Accountants

19th floor, Shapath-V,

S.G. Highway,

Ahmedabad 380 015, Gujarat, India

Telephone: + 91 79 6682 7300

Facsimile: +91 79 6682 7400

E-mail: kraval@deloitte.com

ICAI Firm Registration Number: 117365W

Corporate Identity Number: U65910GJ1995PLC026064

MAS Financial Company Board of Directors

Name Designation
Kamlesh Chimanlal Gandhi Chairman and Managing Director
Mukesh Chimanlal Gandhi Whole-time Director and Chief Financial Officer
Darshana Saumil Pandya Executive Director and Chief Operating Officer
Bala Bhaskaran Independent Director
Chetan Ramniklal Shah Independent Director
Umesh Rajanikant Shah Independent Director

MAS Financial Register Office Address

6, Narayan Chambers,

Ground Floor Behind Patang Hotel, Ashram Road

Ahmedabad 380 009

Gujarat, India

Telephone: +91 79 3001 6500

Facsimile: +91 79 3001 6597

Website: www.mas.co.in

MAS Financial IPO Lead Manager

Motilal Oswal Investment Advisors Private Limited

Motilal Oswal Tower, Rahimtullah Sayani Road

Opposite Parel ST Depot, Prabhadevi

Mumbai 400 025

Maharashtra, India

Telephone: + 91 22 3980 4200

Facsimile: +91 22 3980 4315

E-mail: mas.ipo@motilaloswal.com

Investor grievance E-mail: moiaplredressal@motilaloswal.com

Website: www.motilaloswalgroup.com

Contact person: Subodh Mallya / Kristina Dias

SEBI Registration No.: INM000011005

Registrar for MAS Financial Services IPO

Link Intime India Private Limited

C-101, 1st Floor, 247 Park

Lal Bahadur Shastri Marg, Vikhroli (West)

Mumbai 400 083

Maharashtra, India

Telephone: +91 22 4918 6200

Facsimile: +91 22 4918 6195

E-mail: mas.ipo@linkintime.co.in

Investor Grievance E-mail: mas.ipo@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Shanti Gopalkrishnan

SEBI Registration No.: INR000004058

source

Conclusion: MAS Financial Services IPO Allotment Status

In this article we share all the information about MAS Financial services ipo allotment status, subscription, MAS Financial ipo schedule, GMP, company performance, etc. Also you can check our website for latest news and trending information!

About Author:

Leave A Comment

Your email address will not be published. Required fields are marked *