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MAS Financial IPO Fully Subscribed on First Day Itself

October 10, 2017

MAS Financial IPO Fully Subscribed on First Day Itself

Gujrat-based Non-Banking Finance Company (NBFC) MAS Financial Services Limited, that opened its initial share sale yesterday saw itself getting fulling subscribed.

By 5 pm alone, the shares reserved for institutional investors were subscribed 1.8 times, and of retail investors and non-institutional investors subscribed 1.02 times and 0.23 times, respectively.

The Initial Public Offering (IPO) of MAS Financial Services Limited will close on October 10. The shares are priced in a band of Rs. 456-459 per share.

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