The Motilal Oswal Financial Services Limited Issue Open has been confirmed from April 23, 2024 – May 7, 2024. Read the post to learn about Motilal Oswal Financial Services Limited NCD
Motilal Oswal Financial Services Limited Developers IPO is a fixed price issue of Rs 500.00 Crores. The company has a nationwide presence with offices in 22 states, two union territories, and one international location. As of March 31, 2024, they employed 7,927 workers.
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Key Details Of Motilal Oswal Financial Services Limited NCD
Bidding Dates
April 23 – May 7, 2024
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Motilal Oswal Financial Services Limited NCD
The Motilal Oswal Financial Services Limited NCD Face Value is Rs 1000 each NCD.
Motilal Oswal Financial Services Limited NCD Overview
Motilal Oswal Financial Services Limited was established in May 2005 and is currently the leading full-service broker in India. As of March 31, 2023, it has the highest gross brokerage revenue among all players in the broking industry. The Motilal Oswal Group provides various financial services, including broking, investment banking, asset management, private equity, wealth management, and housing finance.
The company offers broking services across various states via its online and digital platforms and a vast network of Business Locations and Business Associates. These are integrated, providing our clients a seamless trading and investment experience. This positioning enables them to benefit from the development of the Indian financial market, the increased emphasis on digitisation, and the growth in returns from such financial investments.
Motilal Oswal Financial Services Limited NCD Detail
| Issue Open | April 23, 2024 – May 7, 2024 |
| Security Name | Motilal Oswal Financial Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 500.00 Crores |
| Issue Size (Oversubscription) | Rs 500.00 Crores |
| Overall Issue Size | Rs 1,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA/Stable by CRISIL Ratings Limited |
| Tenor | 24, 36, 60 and 120 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
Motilal Oswal Financial Services Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 29,184.48 | 23,009.94 | 169,323.34 |
| Revenue | 3,181.06 | 4,197.12 | 4,316.41 |
| Profit After Tax | 1,059.52 | 932.82 | 1,312.45 |
| Amount in ₹ Crore | |||
Motilal Oswal Financial Services Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | NA | Annual | NA | Monthly | Annual | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 8.85% | NA | 9.10% | NA | 8.97% | 9.35% | 9.30% | 9.70% |
| Effective Yield (% per Annum) | 8.85% | 8.85% | 9.10% | 9.10% | 9.35% | 9.35% | 9.70% | 9.70% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,184.85 | Rs 1,000.00 | Rs 1,298.60 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
Motilal Oswal Financial Services Limited Limited NCD Allocation Ratio
Company Profile
In 1987, Motilal Oswal Financial Services Ltd. (MOFSL) started as a small sub-broking unit with only two people. Our success is attributed to our customer-centric approach, ethical business practices, professionalism, research-based value investing, and advanced technology. Today, we have grown into a team of over 9,800 members.
Today, our financial services firm has a wide variety of offerings, including Private Wealth, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, and Home Finance.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Motilal Oswal Financial Services Limited |
| Phone number | +91 22 7193 4200 |
| Email ID | [email protected] |
| Website | motilaloswalgroup.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
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