MAS Financial Services Ltd - Prospectus Synopsis

MAS Financial Services Ltd RHP

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-2017 10-Oct-2017 Rs 459 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 32 Further Multiples of : 32
  Rs Cr Lead Managers to the Issue
Project Cost 233 Motilal Oswal Investment Advisors Pvt Ltd
Project Financed through Current Offer 460.04  
Post Issue Equity Share Capital 54.66  
Issue Price Rs. 459  
Projects
Towards augmenting its capital base to meet future capital requirements
Promoted By Listing At Registrar to the Issue
Kamlesh Chimanlal Gandhi
Mukesh Chimanlal Gandhi
Shweta Kamlesh Gandhi
Mumbai Link Intime India Pvt Ltd
 

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