 "MAS Financial Services IPO kicks off today: Should you subscribe?")
MAS Financial Services (MAS), a Gujarat-based non-banking financial services company (NBFC), kicked off its Rs 460 crore initial public offer (IPO) on Friday with most brokerages suggesting 'subscribe' to the issue.
The two-decade-old NBFC's public issue comprises a fresh issue of shares worth up to Rs 233 crore and an offer for sale of up to Rs 227 crore by existing shareholders. It has fixed a price band of Rs 456-459 per share for its initial share sale offering.
On Thursday, the company allotted over 2.961 million equity shares to 15 anchor investors at Rs 459 apiece (upper end of
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