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16 December 2017

IPO Synopsis

MAS Financial Services Ltd
Registered Office: 6 Narayan Chambers Ground Flr,Behind PatangHotel Ashram Road , Ahmedabad - 380009 , Gujarat , India.
Phone : 91-79-30016500   Fax:91-79-30016597
Email :  secretarial@mas.co.in  
Website :  www.mas.co.in
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 allotment The 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 Money Payable On
Opens On Closes On Application Allotment
06-Oct-17 10-Oct-17 (Rs)459.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :32  Further Multiples of :32

  (Rs Cr) Lead Managers to the Issue
Project Cost 233.00
Motilal Oswal Investment Advisors Pvt Ltd
Project Financed through Current Offer 460.04  
Post Issue Equity Share Capital 54.66  
Issue Price (Rs)459.00  
 
Projects
Towards augmenting its capital base to meet future capital requirements
Promoted By
Kamlesh Chimanlal Gandhi  
Mukesh Chimanlal Gandhi  
Shweta Kamlesh Gandhi  
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS