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Incorporated in May 2005, Motilal Oswal Financial Services Limited is the full-service broker in India, with the highest gross brokerage revenue as of March 31, 2023, among players in the broking industry. Motilal Oswal Group offers financial services such as broking, investment banking, asset management, private equity, wealth management, and housing finance.
The Company serves as a stock-broker and commodities broker for a diverse range of clients, including retail customers (including high net worth individuals), mutual funds, foreign institutional investors, financial institutions, and corporate clients. They provide broking and related services through three channels: (i) a vast network of over 2,500 Business Locations across more than 550 cities in India as of March 31, 2024; (ii) online and digital platforms, including mobile applications; and (iii) a network of over 8,000 Business Associates spread across various locations in India as of March 31, 2024.
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.
The company offers broking services across various states via its online and digital platforms, in addition to a vast network of Business Locations and Business Associates. These are integrated with each other, providing our clients with 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.
As of March 31, 2024, the company employs 11,290 full-time workers.
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 500,000 |
| Non-Institutional | 0 |
| HNI | 2,000,000 |
| Retail | 2,000,000 |
| Total NCD's | 5,000,000 |
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 |
The NCDs proposed to be issued have been rated "CRISIL AA/Stable" by CRISIL Ratings Limited
The promoters of the company are Motilal Oswal, Raamdeo Agarawal and Motilal Oswal Family Trust
Motilal Oswal Financial Services Limited's revenue decreased by -2.76% and profit after tax (PAT) dropped by -28.93% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The Motilal Oswal Financial Services NCD April 2024 was subscribed 1.20 times on April 30, 2024 5:00:00 PM. The NCD subscribed 1.03 times in Retail, 0.82 times in HNI, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.03x |
| HNI | 0.82x |
| Institutional | 0.00x |
| Total | 1.20x |
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Motilal Oswal Financial Services Limited
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi
Mumbai-400025
Phone: +91 22 7193 4200
Email: shareholders@motilaloswal.com
Website: http://www.motilaloswalgroup.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: motilaloswal.ncd2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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