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Company Name: MAS Financial Services Limited (MASFIN)
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Event Type: Allotment of Non-Convertible Debentures (NCDs)
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Date of Allotment: March 21, 2025
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Issue Details:
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Quantity: 15,000 NCDs
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Face Value per NCD: ₹1,00,000
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Total Issue Size: ₹150 Crore
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Type: Rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures
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Issue Mode: Private Placement
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Listing: Proposed to be listed on BSE’s Wholesale Debt Market segment
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Rating: “ACUITE AA; Stable” by Acuite Ratings & Research Ltd
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Interest Rate:
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Floating interest based on IDFC FIRST Bank’s 1-month MCLR (currently 9.80% p.a.)
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Payable Monthly (starting April 21, 2025)
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Maturity Date: March 21, 2029 (Tenure: 48 months)
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Security:
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First-ranking charge over book debts/loan receivables
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Asset cover ratio: Minimum 1.1x of outstanding debenture amounts
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Redemption: Semi-annual principal repayment starting September 21, 2025, until full redemption by March 21, 2029
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Special Rights/Default Clause:
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No special rights
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Default interest: 2% p.a. over the standard rate on delay
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Purpose: General financing and strategic liquidity enhancement
Effect on Share Market:
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Positive to Neutral Impact Expected
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The successful private placement of ₹150 Crore boosts MAS Financial’s liquidity, reflecting investor confidence.
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The stable rating (ACUITE AA) signifies financial robustness, which may attract institutional interest.
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May result in short-term stability or slight upward movement in share price due to enhanced funding capabilities.
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Long-term effect depends on deployment efficiency of raised funds and interest rate stability.
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About MAS Financial Services Limited:
MAS Financial is a non-banking financial company (NBFC) offering retail financing solutions, including micro-enterprise loans, SME financing, and two-wheeler loans. Known for its prudent risk management and diversified loan portfolio, MASFIN focuses on inclusive financial services across India.
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