MUMBAI, 28 September, 2017 (GPN) : MAS Financial Services Ltd.,A Gujarat-headquartered Indian non-banking financial company (NBFC) with more than two decades of business operations has a Track record of consistent growth with quality loan portfolio, Diversified product offerings,Access to diversified sources of capital and cost-effective funding,Developed an extensive operational network in Gujarat and Maharashtra,Robust credit assessment and risk management framework.
Company had more than 530,000 active loan accounts and 3,200 Customer.
MAS Financial offer product and services under 5 categories:
1. Micro-enterprise loans
2. SME loans
3. Two-wheeler loans
4. Commercial Vehicle loans
5. Housing loans
MAS Financial Services Ltd’s initial public offering of shares to raise up to 4.6 billion rupees ($70 million) will run from Oct. 6 to Oct. 10, 2017.
The company has set a price range of 456 rupees to 459 rupees a share for the sale of Face Value of Rs. 10 each Equity Share.
MAS is looking to raise up to 2.33 billion rupees by selling new shares, while selling shareholders are offering up to 2.27 billion rupees.
The Promoters of the Company are Kamlesh Chimanlal Gandhi, Mukesh Chimanlal Gandhi, Shweta Kamlesh Gandhi and Prarthna Marketing Private Limited.
Motilal Oswal is the sole banker managing the sale.The Equity Shares of MAS Financial Services Limited is proposed to be listed on the NSE of India Ltd. and BSE limited.