As of Q4FY17 and Q1FY18, MAS Financial’s assets under management was Rs3,332.6 crore and Rs3,451.7 crore, respectively. Photo: AFPMumbai: The initial public offering (IPO) of MAS Financial Services Ltd will open for subscription on Friday. Analysts said the valuations of the non-banking finance company (NBFC) which lends to middle and lower income segments are reasonable. Prabhudas Lilladher added that MAS Financial Services has been able to maintain very strong asset quality with gross non-performing assets (GNPAs) and net non-performing assets (NNPAs) at 1.2% and 1%, respectively, as of June 2017. It said that peers of MAS Financial Services, Capital First and Shriram City Union Finance are trading at three times FY2017 book, but both companies have moderate ROE of 11%.

Source: Mint October 06, 2017 03:11 UTC