Tender Offer | ₹160.00 Crores | Listed at BSE, NSE | Fri, Jun 24, 2022 - Thu, Jul 7, 2022
Motilal Oswal Financial Services Ltd. Buyback is a tender offer for the repurchase of up to 0.15 crore equity shares at a buyback price of ₹1100 per share with a face value of ₹1 per share, aggregating to ₹160.00 crores.
The record date for determining eligible shareholders is May 27, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jun 24, 2022 and closes on Jul 7, 2022, with the last date for receipt of tender forms being Jul 11, 2022.
The finalisation of buyback acceptance is expected on Jul 15, 2022, followed by settlement of bids on Jul 18, 2022.
Ernst & Young Merchant Banking Services LLP is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and ICICI Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Motilal Oswal Financial Services Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Fri, Jun 24, 2022
Offer Closing Date
Thu, Jul 7, 2022
Buyback Price
₹1100 per share
Record Date
May 27, 2022
| 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. |
| 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 |
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 960.00 | 858.70 | 902.42 |
| Mar-2022 | 949.75 | 806.35 | 864.35 |
| Feb-2022 | 959.55 | 823.25 | 903.33 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 960.00 | 858.05 | 903.04 |
| Mar-2022 | 948.70 | 805.60 | 864.20 |
| Feb-2022 | 959.85 | 824.00 | 903.49 |
The buyback is being undertaken for the following reasons:
Motilal Oswal Financial Services Ltd.
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai-400025
Prabhadevi, Maharashtra, 400025
Lead Manager(s)
Registered Broker
The Motilal Oswal Financial Services Buyback opens on June 24, 2022, and closes on July 7, 2022.
The Motilal Oswal Financial Services Buyback last day to buy is not available as of now.
The Motilal Oswal Financial Services Buyback is a Tender Offer.
Motilal Oswal Financial Services Buyback Schedule
| Buyback Opening Date | June 24, 2022 |
| Buyback Closing Date | July 7, 2022 |
| Last Date for receipt of Tender Forms | July 11, 2022 |
| Finalisation of Buyback Acceptance | July 15, 2022 |
| Last Date for settlment of bids | July 18, 2022 |
| Last Date for Extinguishment of Shares | July 25, 2022 |
The Motilal Oswal Financial Services Buyback is being offered at Rs ₹1100 per share.
| 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. |
The issue size of Motilal Oswal Financial Services Buyback is 14,54,545 equity shares at ₹1100 per share aggregating up to ₹160.00 Crores.
The buyback is being undertaken for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Motilal Oswal Financial Services Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
