MAS Financial Services IPO GMP History
MAS Financial Services IPO has been listed on October 18, 2017 at a listing price of ₹660, against the issue price of ₹459 — a gain of ₹201 (+43.79%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
MAS Financial Services IPO raised ₹460.04 Cr. through its IPO at a price band of ₹456 to ₹459 per share, with a lot size of 32 shares. The IPO was open for subscription from 06 Oct 2017 to 10 Oct 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
MAS Financial Services IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 06 Oct 2017
- Close 10 Oct 2017
- Allotment 13 Oct 2017
- Refund/credit 16 Oct 2017
- Listing 18 Oct 2017
MAS Financial Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹459 |
|---|---|
| Listing gain / loss | +₹201 per share |
| Listing date | 18 Oct, 2017 |
| Actual listing price | ₹660 (+43.79%) |
Is MAS Financial Services IPO GMP reliable?
Grey market premium for MAS Financial Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the MAS Financial Services IPO full review for a fundamentals-based assessment before making any grey market trades.
MAS Financial Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for MAS Financial Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About MAS Financial Services IPO
MAS Financial Services Limited is a Gujarat based NBFC. Its promoters are Kamlesh Chimanlal Gandhi, Mukesh Chimanlal Gandhi and Shweta Kamlesh Gandhi.
It operated across six states and Delhi through 119 branches, and had more than 530,000 active loan accounts as of 30 September 2016.
Its products include micro enterprise loans, SME loans, two wheeler loans and commercial vehicle loans.
The IPO was Rs 460.04 crore, with Rs 233.37 crore of fresh issue and Rs 226.67 crore of offer for sale, at Rs 459, the top of the Rs 456 to Rs 459 band. The fresh money was to augment its capital base.
Frequently asked
What is the GMP of MAS Financial Services IPO?
The current Grey Market Premium (GMP) of MAS Financial Services IPO is not yet started or active in the market.
What is the Kostak Price of MAS Financial Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for MAS Financial Services IPO is not available.
What is the Subject to Sauda Price of MAS Financial Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of MAS Financial Services IPO?
MAS Financial Services IPO listed on October 18, 2017 at ₹660, against the issue price of ₹459 — a gain of +43.79%.
How did the GMP of MAS Financial Services IPO trend before listing?
The GMP of MAS Financial Services IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore MAS Financial Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
