Motilal Oswal Financial Services NCD

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 OpenApril 23, 2024 – May 7, 2024
Security NameMotilal Oswal Financial Services Limited
Security TypeSecured, 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 Size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingCRISIL AA/Stable by CRISIL Ratings Limited
Tenor24, 36, 60, and 120 months
SeriesSeries I to VIII
Payment FrequencyMonthly and Annually
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sBeacon Trusteeship Limited

Motilal Oswal Financial Services NCD Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsAnnual8.85%8.85%₹ 1,000
Series 224 monthsCumulativeNA8.85%₹ 1,184.85
Series 336 monthsAnnual9.10%9.10%₹ 1,000
Series 436 monthsCumulativeNA9.10%₹ 1,298.60
Series 560 monthsMonthly8.97%9.35%₹ 1,000
Series 660 monthsAnnual9.35%9.35%₹ 1,000
Series 7120 monthsMonthly9.30%9.70%₹ 1,000
Series 8120 monthsAnnual9.70%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 Ended30 Sep 202331 Mar 202331 Mar 2022
Profit After Tax1,059.52932.821,312.45
(Amount in ₹ Crore)

Motilal Oswal Financial Services NCD Allocation Ratio

Category NCD’s Allocated

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

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli (West) Mumbai 400 083, Maharashtra
Phone: +91 810 811 4949

Company Contact Details

Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025
Phone: +91 22 7193 4200

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

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