About the Company:
We are a Gujarat-headquartered NBFC with more than two decades of business operations.
Has over 3,165 Customer Locations in six States (Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu & Karnataka) and Delhi & they are served through 121 branches.
Company’s business and financing products are primarily focused on middle and low income customer segments.
Company’s five principal categories are (i) micro-enterprise loans; (ii) SME loans; (iii)two-wheeler loans; (iv) Commercial Vehicle loans and (v) housing loans.
Company’s primary customers are self-employed individuals,small and medium sized manufacturers, dealers and service providers engaged in various industries.
Has an AUM (Asset Under management) of over Rs.3325 crores as on 31st march 2017.
Company’s financing products include:
- Micro-Enterprise Loans.
- Small and Medium Enterprise (SME) Loans.
- Two-wheeler Loans:
- Commercial Vehicle Loans.
- Housing Loans.
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Management Team:
- Mr.Kamlesh Chimanlal Gandhi (Designation: Chairman and Managing Director)
- Mr.Mukesh Chimanlal Gandhi (Designation: Chief Financial Officer)
- Mr.Darshana Saumil Pandya (Designation: Chief Operating Officer)
Promoters Average Acquisition Cost:
| Name of the Promoter | Average Acquisition Cost (in Rs.) |
|---|---|
| Kamlesh Chimanlal Gandhi | 1.06 |
| Mukesh Chimanlal Gandhi | 1.38 |
| Shweta Kamlesh Gandhi | 1.09 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| MAS Financial Services | 10 | 15.33 | 29.94 | 20.65% | 77.53 |
| Shriram City Union Finance | 10 | 87.58 | 23.75 | 11.14% | 785.94 |
| Capital First Ltd | 10 | 21.76 | 36.75 | 9.69% | 224.43 |
| Mahindra & Mahindra Financial Services |
2 | 9.00 | 48.94 | 7.35% | 122.44 |
| Bajaj Finance Limited | 2 | 33.67 | 56.59 | 19.13% | 176.01 |
| Company Contact Info: |
|---|
| MAS Financial Services Ltd 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 |
| IPO Registrar Info: |
|---|
| 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 |
| Check IPO Allotment Status: |
|---|
Link InTime Websitehttps://linkintime.co.in/PublicIssues/ |
Positives for the Company:
- Experienced management team with reputed investors.
- 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.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th June 17 |
|---|---|---|---|---|---|---|
| Revenue | 143.1 | 184.9 | 238.2 | 304.19 | 364.7 | 104.33 |
| Net Profit | 27.4 | 33.0 | 40.8 | 51.4 | 69.33 | 23.7 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 6th October 2017 |
| Issue Closes on:. | 10th October 2017 |
| Issue Price | Rs.456 – 459 |
| Face Value | Rs.10 |
| Minimum Lot | 32 |
| Minimum Investment | Rs.14,688 |
| Issue Constitutes | 18.33% |
| Issue Size | Rs.460 cr |
| Market Cap | Rs.2508.22 cr |
| Listing at | NSE & BSE |
| Equity Shares Offered (Fresh + OFS) | 1,00,21,785 |
| Equity Shares Prior | 4,95,69,214 |
| Equity Shares after the issue | 5,45,45,466 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 13th October 2017 |
| Initiation of Refunds | on or Before 16th October 2017 |
| Credit of Equity Shares: | on or Before 17th October 2017 |
| Listing Date: | on or Before 18th October 2017 |
Subscription Details (Will be Updated):
| (Subscription-Category-Wise (no. of times) Till time : 06:08 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | 19,87,028 | 1.79 | 5.74 | 148.3 |
| NII | 14,90,270 | 0.26 | 0.45 | 378.5 |
| Retail | 34,77,296 | 1.02 | 6.15 | 15.97 |
| Employee | 1,70,316 | 0.72 | 1.84 | 2.41 |
| TOTAL | 71,24,910 | 1.06 | 4.77 | 128.39 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 15.33 | 29.94 | 20.65% | 77.53 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 30% |
