The initial public offering (IPO) of MAS Financial Services was subscribed 49 per cent on the first day of the issue.

Chennai, Oct 6:

The company received bids for 35,24,160 shares against the total issue size of 71,24,910 shares, data available with the NSE as of 1.30 pm showed.

MAS Financial Services has fixed a price band of Rs. 456-459 per share for its initial share sale offering, through which it is estimated to raise Rs. 460 crore.

The initial public offer (IPO) will be open…