IPO Details
Application for Retail 32Shares | ₹ 14,688/-Price Band & Lot Size₹ 456 - 459Net Issue Size₹457 Cr - ₹460 Cr
Company background:
MAS Financial Services (MAS) is a Gujarat based NBFC, which is two decades old. It is active in 6 states including NCT of Delhi. It primarily lends to Micro Enterprises (ME) and SME, which contribute 60% and 23% of its AUM respectively. Company’s business and financing is in five categories i.e. micro-enterprise loan, SME loans, two wheeler loans, commercial vehicle loans and housing loans.
Company Insights
1. MAS had begun its journey with a clear focus to lending Micro Enterprise and gradually expanded its offerings to two wheelers & CV, SME, Housing finance and recently extended loans to the agricultural input and equipment segment.
2. Focused approach helped AUM to grow at 33.4% CAGR over FY2013-17.
3. Company has been delivering healthy average ROE (28%)/ROA (3%) over the last five years.
4. MAS is well capitalized with strong internal capital generation ability, present high CAR and IPO proceeds
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