MAS Financial Services IPO subscribed 4.8 times till Day 2

The IPO of MAS Financial Services has been subscribed 4.81 times till Day 2 of subscription. The equity shares under the IPO are offered in a price band of Rs.456/- to Rs.459/- per equity share with a bid lot of 32 equity shares and in multiples thereof

MAS Financial is a Gujarat-headquartered non-banking financial company (NBFC) with more than two decades of business operations and presence across six states and the National Capital Region centres on Delhi.

MAS Financial Services is a NBFC (Non-Banking Financial Company). Company operates across six States and in Delhi through 119 branches. As of September 30, 2016 Company had more than 530,000 active loan accounts and 3,200 Customer