MAS Financial Services Ltd

- Motilal Oswal Investment Advisors Pvt Ltd

Initial public offering of 10,039,277 ** equity shares of face value of Rs. 10 each (equity shares) of MAS Financial Services Limited (the company or the issuer) for cash at a price of Rs. 459* per equity share including a share premium of Rs. 449* per equity share (the offer price), aggregating to Rs. 460.04 Crores (the offer) comprising of a fresh issue of 5,092,829** equity shares by the company aggregating to Rs. 233 Crores (the fresh issue) and an offer for sale of 2,454,532 ** equity shares aggregating to Rs. 227.04 Crores by the selling shareholders, comprising an offer for sale of 2,454,532** equity shares aggregating to Rs. 112.66 Crores by Deg - Deutsche Investitions - Und Entwicklungsgesellschaft Mbh (Deg), an offer for sale of 1,728,496** equity shares aggregating to Rs. 79.34 Crores by Nederlandse Financierings - Maatschappij Voor Ontwikkelingslanden N. V. (Fmo) and an offer for sale of 763,420** equity shares aggregating to Rs. 35.04 Crores by Sarva Capital LLC (Sarva Capital, and together with deg and fmo, the selling shareholders) (offer for sale). The offer includes a reservation of 169,082** equity shares aggregating to Rs. 7 Crores for eligible employees (defined hereinafter) (the employee reservation portion). The offer less the employee reservation portion is referred to as the net offer. The offer and the net offer shall constitute 18.37%** and 18.06%** of the post-offer paid up equity share capital of the company, respectively.The company has, in consultation with the brlm, undertaken a private placement of 3,990,422 equity shares for cash consideration aggregating to Rs. 135 Crores (Pre-IPO placement). The size of the fresh issue, as disclosed in the draft red herring prospectus, has been reduced accordingly. See capital structure on page 76 for details of the pre-ipo placement.* A discount of Rs. 45 on the offer price was offered by the company and the selling shareholders, in consultation with the brlm to eligible employees bidding in the employee reservation portion (employee discount).** subject to finalisation of basis of allotmentThe face value of the equity share is Rs. 10 each. The offer price is Rs.459 per equity share and is 45.9 times the face value of the equity shares.

  • Issue

    • Opens On06 Oct 2017
    • Closes On10 Oct 2017
  • Money Payable On

    • Application459
    • Allotment0
  • Project Cost (Cr.)233
  • Post Issue Equity Share Capital (Cr.)54.66
  • Issue Price (D)459

Further Multiples of: 32

Projects

  • Promoted By
    • Listing AtNSE
    • Registrar to the Issue - Link Intime India Pvt Ltd

    6 Narayan Chambers Ground Flr Behind PatangHotel Ashram Road Ahmedabad

    Gujarat- 380009

    Phone - 91-79-30016500

    Fax - 91-79-30016597

    Email - secretarial@mas.co.in

    Website - www.mas.co.in

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