HomeNews & ArticlesMAS Financial Services Limited (MASFIN) Listed at 44% premium to issue price
October 18, 2017
MAS Financial Services Limited (MASFIN) Listed at 44% premium to issue price
Mas Finance Services made a strong debut at 44% more than the original issue price. It was listed at Rs 660 on BSE, a premium of 43.79 per cent to its issue price of Rs. 459.
Mas finance IPO was open between 8 to 10 October and was fully subscribed on Day 1 itself. It was subscribed 128 times, which is very high ratio. Mas Financial Services raised 460 crore through an IPO.
The company has maintained a healthy asset quality, even the stress across industry, with gross and net NPAs at 1.06 per cent and 0.92 per cent, respectively, as per the analysis.