The initial public offering (IPO) of Gujarat-based NBFC MAS Financial Services, was subscribed over 117 times today, the last day of the share sale.

MAS Financial priced its shares in the band of Rs 456-459 per share. Subscription jumped since yesterday, the second day of the offering, when the IPO was subscribed 4.81 times.

By day close today, the reserved portion of qualified institutional buyers (QIBs) has been oversubscribed 148.33 times while the category reserved for non-institutional investors saw subscription of 378.53 times, and retail investors saw an oversubscription of 14 times.

MAS Financial focuses on financing for middle and low-income customer segments. The firm offers micro-financing, SME loans, two wheeler as well as housing loans.