Motilal Oswal Financial Services NCD April 2024 Description – 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.
Promoters of Motilal Oswal Financial Services – Motilal Oswal, Raamdeo Agarawal, and Motilal Oswal Family Trust
Table of Contents
Motilal Oswal Financial Services NCD April 2024 Details
| Subscription Dates | 23 Apr – 3 May 2024 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 500 crore |
| Overall Issue Size (including oversubscription) | INR 1,000 crore |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months 120 months |
| Credit Rating | CRISIL AA/Stable IND AA/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (Retail): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
Motilal Oswal Financial Services NCD April 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 8.85% | 8.85% | INR 1,000 |
| Series 2 | 24 months | Cumulative | NA | 8.85% | INR 1,184.85 |
| Series 3 | 36 months | Annual | 9.10% | 9.10% | INR 1,000 |
| Series 4 | 36 months | Cumulative | NA | 9.10% | INR 1,298.60 |
| Series 5 | 60 months | Monthly | 8.97% | 9.35% | INR 1,000 |
| Series 6 | 60 months | Annual | 9.35% | 9.35% | INR 1,000 |
| Series 7 | 120 months | Monthly | 9.30% | 9.70% | INR 1,000 |
| Series 8 | 120 months | Annual | 9.70% | 9.70% | INR 1,000 |
Motilal Oswal Financial Services Non-Convertible Debentures Lead Manager
TRUST INVESTMENT ADVISORS PRIVATE LIMITED
109/110, Balarama, Bandra Kurla Complex
Bandra (East), Mumbai 400 051 Maharashtra
Phone:Â +91 22 4084 5000
Email:Â [email protected]
Website: www.trustgroup.in
Motilal Oswal Financial Services Non-Convertible Debentures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli (West) Mumbai 400 083, Maharashtra
Phone:Â +91 810 811 4949
Email:Â [email protected]
Website: www.linkintime.co.in
Motilal Oswal Financial Services Documents
- Motilal Oswal Financial Services NCD Prospectus
- Motilal Oswal Financial Services NCD Draft Prospectus
- Upcoming NCDs
Motilal Oswal Financial Services 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: [email protected]
Website: www.motilaloswalgroup.com
Motilal Oswal Financial Services NCD April 2024 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Reatil | Total |
|---|---|---|---|---|---|
| 3 May 2024 | 1.50 | 12.67 | 1.51 | 1.39 | 2.58 |
| 2 May 2024 | 0.00 | 8.97 | 1.15 | 1.15 | 1.81 |
| 30 Apr 2024 | 0.00 | 4.61 | 0.81 | 1.03 | 1.20 |
| 29 Apr 2024 | 0.00 | 4.42 | 0.67 | 0.92 | 1.08 |
| 26 Apr 2024 | 0.00 | 4.26 | 0.52 | 0.76 | 0.94 |
| 25 Apr 2024 | 0.00 | 3.77 | 0.38 | 0.66 | 0.79 |
| 24 Apr 2024 | 0.00 | 3.36 | 0.28 | 0.54 | 0.66 |
| 23 Apr 2024 | 0.00 | 2.62 | 0.11 | 0.27 | 0.41 |
Motilal Oswal Financial Services NCD April 2024 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.
Motilal Oswal Financial Services NCD April 2024 FAQs
What is the face value and lot size of Motilal Oswal Financial Services NCD April 2024?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Motilal Oswal Financial Services NCD April 2024?
The frequency of payment for Motilal Oswal Financial Services NCD is Monthly, Annual, and Cumulative.
What is the basis of allotment in Motilal Oswal Financial Services NCD April 2024 offer?
Motilal Oswal Financial Services NCDs will be allotted on a First Come First Serve Basis.
