MAS Financial Services allots 140 crore rupees NCDs at 8.70 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

+1.3%Reaction day

₹310.35

prior close

₹310.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 213sector+0.0%+1.3% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.3 pts more 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.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 213Pending

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

AI summary

MAS Financial Services allotted 14,000 secured, rated, listed, redeemable non-convertible debentures on private placement basis. Face value INR 1 lakh each, aggregating INR 140 crore. Coupon is 8.70 percent per annum, payable quarterly, with a 24 month tenure maturing on June 24, 2028. Rated CARE AA- with stable outlook. To be listed on BSE Wholesale Debt Market segment. Total issue size was INR 150 crore including a INR 50 crore green shoe option. Secured by first charge on book debts and loan receivables with 1.1 times asset cover. Issue price is at par.

Likely market impact

Raises INR 140 crore via NCDs to boost lending capacity; no equity dilution, but adds to interest and repayment obligations over two years.