MAS Financial allots INR 150 Crore NCDs at 8.90 percent coupon

Fund Raising View source PDF Explain this filing

MASFIN · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹312.00

prior close

₹309.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-2.0% vs market

Non Banking Financial Company (NBFC) peers, median of 204sector+0.5%-1.4% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-0.1

15m

+0.7

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9+1.0-2.0+0.5-1.4

Next day

-0.7+1.2-1.9+0.6-1.3

+2.2+2.1+0.2+1.1+1.1

+3.0+1.7+1.3+1.2+1.9

+3.1+1.9+1.2+1.4+1.7

+3.2+1.2+2.0+0.7+2.5

+1.9+1.1+0.8+0.4+1.5

15d

+2.9+1.6+1.3+0.9+2.0

+1.6+0.1+1.5-1.2+2.8

-1.0+6.6-7.7+0.5-1.5

-9.8+5.5-15.3-2.6-7.2

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 204Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MAS Financial Services has allotted 15,000 secured NCDs on private placement, raising INR 150 Crore. Face value INR 1 lakh each, 48 month tenure maturing June 2030. Coupon of 8.90 percent annually (IDFC First Bank benchmark plus 115 bps spread), paid monthly. Principal paid semi-annually. Rated ACUITE AA stable. Secured by 1.1 times asset cover on book debts. To list on BSE wholesale debt segment.

Likely market impact

Raises INR 150 Crore for lending growth without equity dilution. AA rating reflects strong credit quality. Bondholders get first charge on loan assets.