Investor Alert: Don't Miss Out on Motilal Oswal's 1000 Crore NCD Opportunity!
Motilal Oswal NCD Public Issue | RR Finance
About Company –
Motilal Oswal Financial Services Limited
(MOFSL) emerges as a top-tier brokerage firm in India, boasting the highest
gross brokerage revenue as of March 31, 2023, as per CRISIL. Operating under
the Motilal Oswal Group, MOFSL offers a wide spectrum of financial services,
including retail and institutional broking, investment banking, asset
management, private equity, wealth management, and housing finance. With a
clientele spanning retail customers, mutual funds, foreign institutional
investors, financial institutions, and corporations, MOFSL's comprehensive
services are delivered through a network of over 2,500 Business Locations
across 550 cities, robust online platforms, and an extensive network of over
9,300 Business Associates. Its technological prowess is evident with over 1
crore downloads of its mobile applications by December 31, 2023, facilitating
seamless digital service accessibility across India.
MOFSL's influence extends to advising over 0.60 crores clients, managing assets under advice amounting to ₹4,40,123.09 crores as of December 31, 2023, marking a remarkable 31.91% CAGR enhancement from Financial Year 2021. With a rich history dating back to its establishment in 1987, MOFSL has garnered over 37 years of experience in the broking and distribution industry. Registered with regulatory bodies like SEBI, BSE, NSE, MCX, NCDEX, CDSL, NSDL, and others, MOFSL maintains stringent compliance standards, ensuring reliability and trustworthiness in its operations. Positioned strategically across India with domestic offices in 22 states and one international representative office, and employing 7,601 individuals as of December 31, 2023, MOFSL is well-equipped to navigate the evolving landscape of the Indian financial market, leveraging its extensive infrastructure to provide clients with a seamless trading and investment experience amidst the increasing emphasis on digitization and growing returns from financial investments.
Issue
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) |
Rs
500.00 Crores |
|
Issue Size (Oversubscription) |
Rs
500.00 Crores |
|
Overall Issue Size |
Rs
1,000.00 Crores |
|
Issue Price |
Rs
1000 per NCD |
|
Face Value |
Rs
1000 each NCD |
|
Minimum Lot size |
10
NCD |
|
Listing At |
BSE,
NSE |
|
Credit Rating |
CRISIL
AA/Stable by CRISIL and IND AA/Stable by India Ratings |
|
Tenor |
24,
36, 60 and 120 months |
|
Payment Frequency |
Monthly
and Annually |
|
Basis of Allotment |
First
Come First Serve Basis |
|
Debenture Trustee/s |
Beacon
Trusteeship Limited |
Financial
Snapshot -
|
Period Ended |
30-Sep-23 |
31-Mar-23 |
31-Mar-22 |
|
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
NCD
Allocation Ratio
|
Category |
NCD's
Allocated |
|
Institutional |
10% |
|
Non-Institutional |
10% |
|
HNI |
40% |
|
Retail |
40% |
Objects of the Issue
The company
intends to utilize the net proceeds from the issue towards the funding of the
following objects:
1.
For the purpose of meeting working capital
requirements and repayment of existing liabilities
2.
General corporate purposes
About RR Finance:
An integrated financial services group, offering a wide range of financial products and services to corporates, institutions, high-net-worth individuals, and retail investors.
Explore a wide range of investment opportunities with RR Finance: https://www.rrfinance.com/
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