Last Updated on December 14, 2023 by BFSLTeam BFSLTeam
As you probably know, an IPO (Initial Public Offering) is a process through which a privately held company can become a publicly traded entity. The main aim of companies offering IPOs is to raise money from investors and get access to liquidity through a listing. However, there is a complex and challenging process involved with launching IPOs. Companies must make certain disclosures and stick to many regulations to safeguard the public.
A registrar is one of the participants involved with the whole IPO process. They are SEBI-approved independent financial institutions whose responsibility lies in processing IPO applications, allocating shares to investors following SEBI guidelines, processing refunds through ECS, and transferring allocated shares to demat accounts of investors.
Read along to learn more about Mas Services Limited, its communication details, the services it offers, and more.
Table of Content
About Mas Services Limited
Mas Services Limited is well known as a public limited Indian non-government company. It holds over 30 years of experience in managing public/rights issues of financial institutions, banks, and corporations with a record of 800 clients. The company is a SEBI-approved registrar and transfer agent and a merchant banker. Mas Services is primarily focused on the financial services industry. It has clients from all over India satisfied with the quality solutions and services offered.
The company aims to be recognised as one of the trusted and prompt service providers to its investors. It also targets to meet the obligations of investors in Indian capital markets. Kamlesh Gandhi, the founder, Chairman, and Managing Director of MAS Financial Services has given priority to asset quality over profitability.
Here is the table showing the address and contact details of MAS Services Limited:
Address | Contact Details |
T-34, 2nd FloorOkhla Industrial Area, Phase-IINew Delhi – 110 020 | Website: http://www.masserv.com Email: info@masserv.com Phone No.: (+91) 11 2638 7281 82, 83Fax no.: (+91) 11 2638 7384 |
Additional Read: IPO Registrar List in India
List of IPOs by Mas Services Limited
Here is the list of the latest IPOs that Mas Services Limited provides as a registrar:
Issuer Company | Exchange | Issue Open | |
1. | Baba Food Processing India Limited IPO | NSE SME | Nov 03, 2023 |
2. | Yudiz Solutions Limited IPO | NSE SME | Aug 04, 2023 |
3. | Cosmic CRF Limited IPO | BSE SME | Jun 14, 2023 |
4. | Vasa Denticity Limited IPO | NSE SME | May 23, 2023 |
5. | Udayshivakumar Infra Limited IPO | BSE, NSE | Mar 20, 2023 |
6. | Uma Exports Limited IPO | BSE, NSE | Mar 28, 2022 |
7. | Akg Exim Limited IPO | NSE SME | Sep 10, 2018 |
8. | Avon Moldplast Limited IPO | NSE SME | Jul 12, 2018 |
9. | Continental Seeds and Chemicals Ltd IPO | NSE SME | Mar 21, 2018 |
10. | Dhanuka Commercial Ltd IPO | BSE SME | May 22, 2014 |
11. | Satkar Finlease Limited IPO | BSE SME | Sep 25, 2013 |
12. | Rathi Bars Ltd IPO | BSE | Oct 18, 2007 |
Services Offered by Mas Services Limited
The following is the list of services that Mas Services provides to its investors:
- Providing detailed information on allotment and clarification on allotment
- Communication of rights issue entitlements
- Updating the KYC details of respective investors for physical holdings such as bringing change in address, bank account details, e-mail address, telephone, mobile, nomination or PAN
- Undergoing processing and updating investor holding/requesting for title change. For example, deleting names, transmission, issuing of duplicate shares, transposition, dematerialisation of securities, and more
- Processing other requests that include recording of declaration w.r.t lowering of tax rates for TDS on dividend, revalidating and reissuing dividend and interest instruments
- Executing any other corporate actions that consider dividend payment, splitting of stocks, issuance of bonds, and carrying out merger/demerger activities
- Execution of the transfer of shares and dividends to IEPF is mandatory along with the transferring of share certificates to the Suspense account
- Carrying out communication regarding buyback, and exit offers along with the procedure that every individual investor should follow concerning these issues
- Process grievance that is received through mail and letters as well as through SCORES
- Managing fixed deposit schemes of various financial institutions
To conclude, by gaining a detailed overview of Mas Services Limited, you can make informed decisions about whether to invest in an IPO. Mas Services Limited apart from being a transfer agent and registrar, excels in providing quality services in different segments. If you face any queries, you can give them a call or mail them stating the issue with the above-mentioned communication details.
Frequently Asked Questions
With Mass Services Limited, you can check your IPO allotment status by entering either your Client ID or PAN Number.
To file complaints on SCORE regarding IPO refunding, it is mandatory for every individual to enter their name, address, PAN Number, mobile number and email–ID.
Mas Services Limited IPO opened on October 6, 2017 and closed on October 10, 2017.
Mas Services Limited have carried out over 800 IPOs and rights issues in India.