MAS Financial Services Ltd

mas financial services

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:

  1. Mr.Kamlesh Chimanlal Gandhi (Designation: Chairman and Managing Director)
  2. Mr.Mukesh Chimanlal Gandhi (Designation: Chief Financial Officer)
  3. 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 Website

https://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%