Motilal Oswal Financial Services NCD opens for subscription on 23 April 2024. The company aims for a base issue size of ₹500 Crores.
About the company
Motilal Oswal Financial Services is among the largest full-service brokers in India, boasting the highest gross brokerage revenue as of 31 March 2023, among players in the broking industry. The Motilal Oswal Group offers a diverse range of financial products and services, including retail broking and distribution, institutional broking, investment banking, asset management, private equity, wealth management, and housing finance.
The company serves as a stockbroker and commodities broker for a diverse clientele, 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 network of over 2,500 Business Locations spanning more than 550 cities in India as of 31 March 2024; (ii) online and digital platforms, including mobile applications; and (iii) network of over 8,000 Business Associates located in various regions across India as of 31 March 2024.
Motilal Oswal Financial Services has a nationwide presence, with offices in 22 states, including two union territories, and one international representative office. As of 31 March 2024, the company employed 7,927 individuals.
Objectives of the Issue
- To meet working capital requirements and repayment of existing liabilities
- General corporate purposes
Motilal Oswal Financial Services NCD Details
| 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) | ₹ 500 Crores |
| Issue Size (Oversubscription) | ₹ 500 Crores |
| Overall Issue Size | ₹ 1,000 Crores |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 1000 for 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 NCD Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 8.85% | 8.85% | ₹ 1,000 |
| Series 2 | 24 months | Cumulative | NA | 8.85% | ₹ 1,184.85 |
| Series 3 | 36 months | Annual | 9.10% | 9.10% | ₹ 1,000 |
| Series 4 | 36 months | Cumulative | NA | 9.10% | ₹ 1,298.60 |
| Series 5 | 60 months | Monthly | 8.97% | 9.35% | ₹ 1,000 |
| Series 6 | 60 months | Annual | 9.35% | 9.35% | ₹ 1,000 |
| Series 7 | 120 months | Monthly | 9.30% | 9.70% | ₹ 1,000 |
| Series 8 | 120 months | Annual | 9.70% | 9.70% | ₹ 1,000 |
Motilal Oswal Financial Services NCD Rating
The NCDs proposed to be issued have been rated “CRISIL AA/Stable” by CRISIL Ratings Limited
Company Financials
| 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 |
Motilal Oswal Financial Services NCD Allocation Ratio
Company Promoters
- Motilal Oswal
- Raamdeo Agarwal
- Motilal Oswal Family Trust
Motilal Oswal Financial Services NCD Lead Manager
- Trust Investment Advisors Private Limited
- Motilal Oswal Investment Advisors Limited
- Nuvama Wealth Management Limited
Motilal Oswal Financial Services Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli (West) Mumbai 400 083, Maharashtra
Phone: +91 810 811 4949
Email: motilaloswal.ncd2024@linkintime.co.in
Website: www.linkintime.co.in
Company Contact Details
MOTILAL OSWAL FINANCIAL SERVICES LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025
Phone: +91 22 7193 4200
Email: shareholders@motilaloswal.com
Website: www.motilaloswalgroup.com
NCD Allotment Status
Motilal Oswal Financial Services NCD April 2024 allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final Thoughts
Non-convertible debentures (NCDs) are a better investment option for those seeking a diversified portfolio. investing in Motilal Oswal Financial Services NCD is purely your personal choice. make a good study and analysis before you make the investment decision.
Happy Investing
