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Jun 24, 2022 - Jul 7, 2022

Motilal Oswal Financial Services Limited Buyback (Motilal Oswal Financial Services Buyback) Detail

Motilal Oswal Financial Services Limited is engaged in the business of financial services and products in India. The company is a distributor of Mutual Funds, PMS, Fixed deposits, Bond, NCDs, Insurance Products, Investment advisors and IPOs. Motilal Oswal Financial Services Limited provides a wide range of financial products and services like trading services, trading platforms, loans against securities, stock lending, IPO funding, margin funding, investment advisory, portfolio restructuring, fixed deposits, value-added services, etc.

Motilal Oswal Financial Services Limited has over 29,00,000+ Happy Customers and 4 Star+ ratings for its trading applications.

Motilal Oswal Financial Services Buyback Detail

Issue PeriodJun 24, 2022 - Jul 7, 2022
Security NameMotilal Oswal Financial Services Limited
Issue TypeTender Offer
Issue Size (Shares)0.15 Crores
Issue Size (Amount)₹160.00 Crores
Buyback Price₹1100 per share
Face Value₹1 per share
Listing AtBSE, NSE

Motilal Oswal Financial Services Buyback Issue Timetable

Offer Opens OnJun 24, 2022
Offer Closes OnJul 7, 2022
Record DateMay 27, 2022
Last Date for receipt of Tender FormsJul 11, 2022
Finalisation of Buyback AcceptanceJul 15, 2022
Last Date for settlment of bidsJul 18, 2022
Last Date for Extinguishment of SharesJul 25, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 7 Equity Share out of every 76 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 356 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 4,31,982.51 3,63,411.26 2,36,541
Profit After Tax 1,31,071.50 1,20,294.80 21,539.59
Net Worth 5,67,463.20 4,46,345.60 3,08,188.54

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 960 858.7 902.42
Mar-2022 949.75 806.35 864.35
Feb-2022 959.55 823.25 903.33

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 960 858.05 903.04
Mar-2022 948.7 805.6 864.2
Feb-2022 959.85 824 903.49

Necessity of the Issue

The buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
  • The Buyback will help the Company to optimise the capital structure.
  • The Buyback would help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company.

Motilal Oswal Financial Services Buyback Documents

Motilal Oswal Financial Services Buyback Rating

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Motilal Oswal Financial Services Buyback Reviews

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Company Contact Information

Motilal Oswal Financial Services Limited
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai-400025

Phone: 022 - 71934200
Email: shareholders@motilaloswal.com
Website: https://www.motilaloswal.com/

Motilal Oswal Financial Services Buyback Registrar

  1. 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: mofsl.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/

Motilal Oswal Financial Services Buyback Manager

Lead Manager(s)

  1. Ernst & Young Merchant Banking Services LLP

Registered Broker

  1. ICICI Securities Limited
    Email: allwyn.cardoza@icicisecurities.com

3 Comments

3. Gurubhai   I Like It. | Report Abuse |   Link | Jun 14, 2022 11:14:48 AM Reply
When will the offer details be announced? Zydus and Asahi both came after this and have already announced the buyback dates.
3.1. ANJAY AMBASTA   I Like It. | Report Abuse |   Link | Jun 14, 2022 5:11:14 PM
Motilal Oswal financial buyback opened from 24 Jun to 7 Jul and AR is 8%.I already received mail.
3.2. ANJAY AMBASTA   I Like It. | Report Abuse |   Link | Jun 14, 2022 5:12:23 PM
Motilal Oswal financial buyback opened from 24 Jun to 7 Jul and ER is 8%.I already received mail.
2. antarix   I Like It. 1 | Report Abuse |   Link | May 18, 2022 11:48:27 AM Reply
Please give your opinion about the 1 share buyback strategy. Whether it is likely to work here?
2.2. saikiran   I Like It. | Report Abuse |   Link | May 27, 2022 8:34:53 AM
how did you calculate?pls explain.
2.3. Vibhor Saxena   I Like It. | Report Abuse |   Link | May 28, 2022 9:56:19 AM
@Saikiran
Check shareholders today and number of shares for retailers then you will be able to
1. NB   I Like It. | Report Abuse |   Link | May 21, 2022 12:46:54 PM Reply
What will expected ratio..?