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NCD Status: Open [23rd Apr 2024 to 7th May 2024]
Motilal Oswal Financial Services Limited is issuing Secured and Redeemable NCDs with a base issue size of Rs 500.00 Cr and oversubscription issue size of Rs 500.00 Cr. The subscription period is opening from 23 Apr 2024 to 07 May 2024 and the company is issuing Series I to VIII at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 01 NCD , sothe total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 24, 36, 60 and 120 months with a coupon rate of 8.85% to 9.70% per annum.
Learn more about Motilal Oswal Financial Services Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 23rd Apr 2024 |
| NCD Closing Date: | 7th May 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹500.00Cr |
| Issue Size (Shelf): | |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 24, 36, 60 and 120 months |
| Rating: | CRISIL AA/Stable by CRISIL Ratings Limited |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 23rd Apr 2024 |
| NCD Issue Close | 7th May 2024 |
| BSE Code: | 3396 |
| BSE Script Symbol: | MOFSL1 |
| NSE Code: | MOFSL1 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 500000 | 10% |
| Non-Institutional | 0 | 10% |
| HNI | 2000000 | 40% |
| Retail | 2000000 | 40% |
Motilal Oswal Financial Services Limited was incorporated in May 2005. The Company is a Non Banking Financial Company (“NBFC”). The Issuer offers a range of financial products and services including retail wealth management (including securities and commodities trading), portfolio management, institutional brokerage, venture capital management and investment banking.
The issuer is a well-diversified financial services company offering a range of financial products and services including retail wealth management (including securities and commodities trading), portfolio management, institutional brokerage, venture capital management and investment banking services. As a leading Indian brokerage firm, it has a diversified client base comprising retail clients (including high net worth individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients.
The compnay provides financing to its retail clients.The retail wealth management division provides brokerage and financing services to retail clients as well as investment advisory, financial planning and portfolio management services. Motilal Oswal Financial Services Limited offers investment products to its retail clients across all major asset classes including equities, derivatives, commodities and distribution of third party products such as mutual funds and primary equity offerings.
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:
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 promoters of the company are Motilal Oswal, Raamdeo Agarawal and Motilal Oswal Family Trust
The NCDs proposed to be issued have been rated "CRISIL AA/Stable" by CRISIL Ratings Limited
Last Updated on 2024-05-02T06:32:50+00:00
