Established in May 2005, Motilal Oswal Financial Services Limited stands as a leading full-service broker in India. As of March 31, 2023, it holds the distinction of achieving the highest gross brokerage revenue among its peers in the broking industry. The Motilal Oswal Group offers a comprehensive range of financial services, including broking, investment banking, asset management, private equity, wealth management, and housing finance.
The company operates as a stock-broker and commodities broker, catering to a diverse clientele comprising retail customers (including high net worth individuals), mutual funds, foreign institutional investors, financial institutions, and corporate clients. Its services are delivered through three primary channels: (i) an extensive network comprising over 2,500 Business Locations spread across more than 550 cities in India as of March 31, 2024.
The company is launching debt offer, and the subscription period for this offer will be from April 23 to May 07, 2024. Click here to apply in the Motilal Oswal Financial Services Limited NCD.
The company is raising ₹500 Crore from the issue at a price of ₹1000 each. Investors need to apply for a minimum of 10 NCDs in a lot. The company has received rating of CRISIL AA/Stable by CRISIL Ratings Limited.
The company will use the net proceeds from the issue for the purpose of meeting working capital requirements and other general corporate purposes.
Motilal Oswal Financial Services has allotted 40% each to HNI and retail investors. Non-institutional and institutional investors’ has also allotted 10% of the offer.
These NCDs have tenures of 24, 36, 60 and 120 Months. It offers coupon rates from 8.85% to 9.70% based on the selection of investors. The frequency of interest payments will be annually or monthly. Allotment of these NCDs will be in dematerialized mode only. Application is to be made through ASBA mode only.
Check the coupon rates of NCDs of Motilal Oswal Financial Services Limited:
# | 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 |
RHP:
https://www.bseindia.com/downloads/ipo/Prospectus%20-%20Motilal%20Oswal_160420241854.pdf
Tax implications:
Motilal Oswal Financial Services is managed by Trust Investment Advisors, Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited. Link Intime India Pvt Ltd is the registrar of NCD and Beacon Trusteeship Limited is debenture trustee to the same.
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