MAS Financial Services will make stock market debut tomorrow after having concluded its initial share sale offer last week.The Rs 460-crore initial public offer (IPO) was oversubscribed 128 times from October 6-10.
The Gujarat-headquartered NBFC, which is into business operations for more than two decades, had fixed the price band at Rs 456-459 per share for the IPO.
Net proceeds from the fresh issue will be utilised towards augmenting its capital base to meet future requirements.Motilal Oswal Investment Advisors managed the company’s IPO.
The shares are proposed to be listed on the NSE and BSE.