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MAS Financial Services files DRHP with SEBI for public issue

28 Mar 2017 Evaluate

MAS Financial Services has filed draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO).

The public issue comprises the fresh issue of shares worth up to Rs 307.4 crore and an offer for sale of up to Rs 242.6 crore by existing shareholders. The company will use the issue proceeds for augmenting its capital base to meet future capital requirements. The book running lead manager to the issue is Motilal Oswal Investment Advisors.

MAS is specialized retail financing organization engaged in financial services since 1995, registered with Reserve Bank of India as an NBFC. The company provides corporate loans to NBFC-MFIs (micro finance institutions) and other NBFCs engaged in retail finance, small-ticket business loans, small commercial vehicle loans, two-wheeler loans and machinery finance. 

MAS Financial Serv Share Price

317.60 -0.40 (-0.13%)
17-Apr-2026 16:59 View Price Chart
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