MAS Financial Services Limited – Issue Subscribed 128 times

MAS Financial Services Limited which had tapped the capital markets with its simultaneous offer and fresh issue received excellent support and was subscribed 18.39 times. The company which is raising Rs 460.04 crs through a fresh issue of Rs 233 crs and an offer for sale of Rs 227.04 crs had earlier allotted 29,61,057 equity shares to 15 anchor investors comprising of 21 entities. The price band was Rs 456-459 and shares were allotted at Rs 459.

The issue opened on Friday the 6th of October and closed on Tuesday the 10th of October.

The issue was subscribed 148.33 times by QIB’s, 378.53 times by HNI’s and almost 16 times by retail investors. The cost of funding at 5.5% would be Rs 183 for the leveraged HNI.

The full details of subscription bucket wise is given below:-

Bucket Size Shares Applied for Times Oversubscribed
QIB 1987028 294737952 148.33
HNI 1490270 564117088 378.53
Retail 3477296

55532512 15.97
Employee Reservation 170316 409696 2.41
Total 7124910 914797248 128.39
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