Motilal Oswal Financial Services Limited NCD
Motilal Oswal Financial Services Limited is one of India’s leading financial services company providing financial services such as broking, investment banking, asset management, wealth management, private equity and housing finance. The company serves as a stock-broker and commodities broker to a wide range of clients including retail customers (including high net worth individuals), mutual funds, overseas institutional investors, financial institutions, and corporate clients. As of 31st March, 2024, Company provides broking and other financial services through three channels:
- A large network of over 2,500 Business Locations spread across over 550 cities in India;
- Online and digital platforms, including mobile applications;
- A network of over 8,000 Business Associates spread across various parts of India
The company leverages a robust omni-channel presence, combining online and digital platforms with a network of physical Business Locations and Associates. This seamless integration empowers clients with a convenient trading and investment experience.
Motilal Oswal Financial Services Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹500 crores (“base issue size”) with an option to retain oversubscription up to ₹500 crores, aggregating up to ₹1,000 crores is being offered by way of this prospectus. The issue opens for subscription on Tuesday, 23rd April, 2024, and will close on Tuesday, 07th May, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Motilal Oswal Financial Services Limited NCD Details:
| Issue opens: | Tuesday, 23rd April, 2024 | ||||
| Issue closes: | Tuesday, 07th May, 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | ₹ 1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debenture (“NCDs”) | ||||
| Minimum Application: | 10 NCDs (₹ 10,000) & in multiple of 1 NCD (₹ 1,000) thereafter | ||||
| Listing: | BSE and NSE | ||||
| Credit Rating: | CRISIL AA/Stable | ||||
| Issue Size: | Public issue by Motilal Oswal Financial Services Limited (“the Company”) of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each (“NCDs”) for an amount up to ₹500 crores (“Base Issue Size”) with an option to retain oversubscription up to ₹500 crores (“Green Shoe Option”), aggregating up to ₹1,000 crores. | ||||
| Registrar: | Link Intime India Private Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 10% | 10% | 40% | 40% | |
| Bucket Size (₹) assuming Issue size of ₹ 1,000 Cr | ₹ 100 Cr | ₹ 100 Cr | ₹ 400 Cr | ₹ 400 Cr | |
Motilal Oswal Financial Services Limited NCD NCD
Application form
Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III* | IV | V | VI | VII | VIII |
| Frequency of Interest Payment | Annual | NA | Annual | NA | Monthly | Annual | Monthly | Annual |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per annum) for NCD Holders in all Categories | 8.85% | NA | 9.10% | NA | 8.97% | 9.35% | 9.30% | 9.70% |
| Effective Yield (% per annum) for NCD Holders in all Categories | 8.85% | 8.85% | 9.10% | 9.10% | 9.35% | 9.35% | 9.70% | 9.70% |
| Amount (₹ / NCD) on Maturity for NCD Holders in all Categories | ₹ 1,000/- | ₹ 1,184.85/- | ₹ 1,000/- | ₹ 1,298.60/- | ₹ 1,000/- | ₹ 1,000/- | ₹ 1,000/- | ₹ 1,000/- |
| Maturity / Redemption Date (from the Deemed Date of Allotment) | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 120 Months | 120 Months |
* The Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.