MAS Financial Services get SEBI nod for IPO
DSIJ Intelligence / 01 Jun 2017
The Securities and Exchange Board of India (SEBI) has granted approval to MAS Financial Services (NBFC) to raise funds through initial public offer (IPO)
MAS Financial Services had submitted documents for their IPOs on March 27, 2017.
MAS Financial Services Ltd. aims to raise up to Rs 5,500 million (comprising of fresh issue) aggregating up to Rs 3,074 million and an offer for sale aggregating up to Rs 2,426 million.
MAS Financial Service, prior to filing of preliminary prospectus with the registrar of the company, is considering a private placement of up to 4,100,000 equity shares and for cash consideration up to Rs 1,350 million.
The net proceeds of MAS Financial Services from the issue will be utilised for increasing its capital base in order to meet its future capital requirements. The BRLMs to the issue is Motilal Oswal Investment Advisors Private Limited.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.