MoneyWorks4Me

MAS Financial Services raises Rs 500 crore through QIP

24 Jun 2024 Evaluate

MAS Financial Services has raised Rs 500 crore (including green shoe option of Rs 100 crore) through Qualified Institutional Placement (QIP). This QIP marks the first equity raise by the Company since its IPO in 2017 and it witnessed an overwhelming response resulting in demand of multiple times over the issue size. The issue price of QIP is Rs 286.25 per share, with a face value of Rs 10 each.

MAS Financial Services is engaged in the business of providing Micro Enterprise loans (MEL), Small and Medium Enterprise loans (SME), Two Wheeler loans (TW), Commercial Vehicle loans (CV) and loans to NBFCs - to create the underlying assets of MEL, SME, TW and CV.

Peers