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MAS Financial Services launches a ₹400 crore QIP with an ₹100 crore option at ₹286.25 per share, reflecting 8.5% equity dilution. The company has a ₹4,500 crore microfinance portfolio, with 60% of its AUM in MSMEs and 40% in wheels and housing finance.
MAS Financial Services Ltd, a prominent non-banking financial company (NBFC), launched a Qualified Institutional Placement (QIP) worth ₹400 crore on June 19.
An additional upside option of ₹100 crore is available, increasing potential total proceeds to ₹500 crore.
The QIP is priced at ₹286.25 per share, representing an 8.5% discount to the current market price (CMP).
The base size of the QIP suggests an 8.5% dilution of the company’s equity. If the additional ₹100 crore option is exercised, the total equity dilution would rise to approximately 10.65%.
Explore:Mas Financial Serv Ltd Share Price
A lock-in period of 90 days has been set for the promoter, ensuring their commitment and stability in the company’s stock. This period is crucial for maintaining investor confidence and market stability during and after the QIP process.
Kamlesh Gandhi, founder Chairman and Managing Director of MAS Financial Services emphasised the company’s ongoing commitment to maintaining high asset quality.
Gandhi reiterated that the portfolio creation process is driven by a focus on sustaining asset quality, with Gross Non-Performing Assets (GNPAs) expected to be between 2-2.5% and Net Non-Performing Assets (NNPAs) between 1.5-2%.
Additionally, the company anticipates its credit costs to fall within the range of 1-1.5%.
Gandhi highlighted the company’s significant presence in the microfinance sector, boasting a portfolio of ₹4,500 crore.
The company’s asset under management (AUM) mix reflects a strategic focus on Micro, Small, and Medium Enterprises (MSMEs), which contribute 60% of the total AUM. The remaining 40% comes from wheels and housing finance.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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