MAS Financial Services jumps 46 percent on market debut
- By Reuters |
- Oct 18, 2017
- Last Updated at 11:07 IST
Shares of non-banking financial company MAS Financial Services Ltd <MASF.NS> <MASF.BO> surged as much as 46 pct on market debut Wednesday after its initial public offering last week was subscribed nearly 128 times.
The stock rose to 670 rupees from its IPO price of 459 rupees in a public float that was worth about 4.6 billion rupees ($70.75 million), adding to the strong interest seen in initial share sales this year.
Indian companies have seen a rise in demand for IPOs and look set to surpass the record $8.65 billion raised in 2007.
The MAS Financial stock possesses "fundamental strength with robust growth in advances, steady asset quality and healthy return ratios," ICICI Securities analysts wrote in a note.
RELATED NEWS
Posted at 09:51 AM
Posted at 09:29 AM
Posted at 08:52 AM
Posted at 02:16 AM
Posted on 23- Sep- 2018
Posted on 23- Sep- 2018
Posted on 22- Sep- 2018
Posted on 22- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
The Big Stories
MCX Silver Trading Lower in Morning Deals... Read More
Flipkart may appoint new group CEO in place of Binny Bansal - Mint... Read More
Nifty Opened Flat to Negative... Read More
Nifty Expected to Open Flat to Positive... Read More
OPEC, Russia reject Trump's call for immediate boost to oil output... Read More
RBI and SEBI ready to act to calm markets: statement... Read More
LIVE ADVISORY
TESTIMONIALS
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advis... Read More
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advisorymandi,com teaches us, how to trade in share market in proper way. Personalized services also tell you about your services like, phone calls, reminders & other suggestions are really very appreciable with polite conversations. Outstanding team effort as they are very cooperative , polite and helps in sorting out problems and queries in best possible manner.
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG... Read More
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG THANKS for their virtuoso services.
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It... Read More
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It is a best Platform for a beginner who has just started trading. Employee of advisorymandi are very friendly. They are always ready for you to help in any condition. From my opinion every beginner who wants to be a successful trader , they the should join "ADVISORYMANDI.COM"
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL... Read More
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL DONE!! ADVISORYMANDI.COM AND TEAM
OPINION POLL
Will Nifty touch 12000 in September Series?
- Yes
- No
- Can't Say
