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MAS Financial Services IPO over-subscribed 128 times

Wed, Oct 11 2017, 02:04 PM

The initial public offering (IPO) of MAS Financial Services, a Gujarat-based non-banking finance company, was over-subscribed 128 times on Tuesday, its last day. The portion for non-institutional investors saw the highest demand, being over-subscribed 378.5 times the number of shares reserved for this category, according to BSE data on Tuesday at 11.15 pm.