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MAS Financial Services Limited’s IPO to open on October 06, 2017 with Price Band of ₹456 to ₹459 per Equity Share each of Face Value of ₹ 10 each

L-R Mr. Ankit Jain, Vice President Finance, Mas Financial Services Ltd, Ms. Darshana Pandya, Director & COO, Mas Financial Services Ltd, Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director,Mas Financial Services Ltd, Mr. Mukesh Gandhi, Co-Founder, Director & CFO, Mr. Girish Nadkarni, Managing Director, Mas Financial Services Ltd, Ms. Nisha Shah, Director, Mas Financial Services LTD- Photo By Sachin Murdeshwar GNSL-R Mr. Ankit Jain, Vice President Finance, Mas Financial Services Ltd, Ms. Darshana Pandya, Director & COO, Mas Financial Services Ltd, Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director,Mas Financial Services Ltd, Mr. Mukesh Gandhi, Co-Founder, Director & CFO, Mr. Girish Nadkarni, Managing Director, Mas Financial Services Ltd, Ms. Nisha Shah, Director, Mas Financial Services LTD- Photo By Sachin Murdeshwar GNS
L-R Mr. Ankit Jain, Vice President Finance, Mas Financial Services Ltd, Ms. Darshana Pandya, Director & COO, Mas Financial Services Ltd, Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director,Mas Financial Services Ltd, Mr. Mukesh Gandhi, Co-Founder, Director & CFO, Mr. Girish Nadkarni, Managing Director, Mas Financial Services Ltd, Ms. Nisha Shah, Director, Mas Financial Services LTD- Photo By Sachin Murdeshwar GNS

L-R Mr. Ankit Jain, Vice President Finance, Mas Financial Services Ltd, Ms. Darshana Pandya, Director & COO, Mas Financial Services Ltd, Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director,Mas Financial Services Ltd, Mr. Mukesh Gandhi, Co-Founder, Director & CFO, Mr. Girish Nadkarni, Managing Director, Mas Financial Services Ltd, Ms. Nisha Shah, Director, Mas Financial Services LTD- Photo By Sachin Murdeshwar GNS

PROMOTERS OF OUR COMPANY: KAMLESH CHIMANLAL GANDHI, MUKESH CHIMANLAL GANDHI, SHWETA KAMLESH GANDHI AND PRARTHNA MARKETING PRIVATE LIMITED

MUMBAI, September 28, 2017 (GNS) : MAS Financial Services Limited’, (“Company”), a Gujarat-headquartered NBFC with more than two decades of business operations will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on October 06, 017 and close on October 10, 2017, with a price band of 456 to 459per Equity Share of face value of  10 each of the Company (the “Equity Shares”). The Anchor Investor Bid/Offer Period shall be October 05, 2017, being one working day prior to the Offer Opening Date.

The IPO comprises of a fresh issue aggregating up to  2,330 million (the “Fresh Issue”) and an offer for sale aggregating up to  2,270.42 million by the selling shareholders. The offer for sale comprises of an offer aggregating up to  1,126.63 million by DEG-Deutsche Investitions-und Entwicklungsgesellschaft MBH (“DEG”), an offer for sale aggregating up to  793.38 million by NederlandseFinancierings – MaatschappijvoorOntwikkelingslanden N.V. (“FMO”) and an offer for sale aggregating up to  350.41 million by Sarva Capital LLC (“Sarva Capital”, and together with DEG and FMO, the “Selling Shareholders”) (“Offer For Sale”). The offer includes a reservation aggregating up to  70 million for eligible employees (defined hereinafter) (the “Employee Reservation Portion”). The Offer less the employee reservation portion is referred to as the “Net Offer”.

The Company has, in consultation with the BRLM, undertaken a private placement of 3,990,422 Equity Shares for cash consideration aggregating to  1,350.00 million (“Pre-IPO Placement”). The size of the Fresh Issue as disclosed in the Draft Red Herring Prospectus, has been reduced accordingly. See “Capital Structure” on page 76 of the RHP for details of the Pre-IPO Placement.

The Company proposes to utilize the net proceeds of the Fresh Issue towards augmenting its capital base to meet future capital requirements.

The Offer is being made in terms of Rule 19(2)(b)(iii) of the SCRR, through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”). The Company and the Selling Shareholders in consultation with the BRLM may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion (other than Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price such that, subject to availability of Equity Shares, each Retail Individual Bidder shall be Allotted not less than the minimum Bid Lot, and the remaining Equity Shares, if available, shall be allotted to all Retail Individual Bidders on a proportionate basis.

Further, up to up to  70 million will be offered for allocation and Allotment on a proportionate basis to the Eligible Employees Bidding in the Employee Reservation Portion, conditional upon valid Bids being received from them at or above the Offer Price.

All Bidders, other than Anchor Investors, shall participate in the Offer mandatorily through the Applications Supported by Blocked Amount (“ASBA”) process by providing the details of their respective bank accounts in which the corresponding Bid Amount will be blocked by the SCSBs. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

Motilal Oswal Investment Advisors Limited is the Book Running Lead Manager (“BRLM”) to the Offer. For details, please see the cover page and page 67 of the RHP. The Registrar to the Offer is Link Intime India Private Limited. For details, please see the cover page and page 69 of the RHP.

The Equity Shares of MAS Financial Services Limited is proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.ENDS.

Full copy of the RHP will be available on the website of the SEBI at www.sebi.gov.in, the websites of the BRLM at www.motilaloswal.com, and the Stock Exchanges at www.bseindia.com  & www.nseindia.com  , respectively.