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Motilal Oswal Financial IPO is a book build issue of ₹246.07 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹246.07 crore.
Motilal Oswal Financial IPO bidding started from Aug 20, 2007 and ended on Aug 23, 2007. The shares got listed on BSE, NSE on Sep 11, 2007.
Motilal Oswal Financial IPO price band is set at ₹825.00 per share . The lot size for an application is 8. The minimum amount of investment required by an retail is ₹5,800 (8 shares). The lot size investment for sNII is 31 lots (248 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (1,216 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 1,42,310 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Motilal Oswal Financial IPO RHP for detailed Information.
| IPO Date | August 20, 2007 to August 23, 2007 |
| Listing Date | September 11, 2007 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹725 to ₹825 per share |
| Issue Price Final | ₹825 per share |
| Lot Size | 8 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,82,710 shares (aggregating up to ₹246.07 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,54,21,290 shares |
| Share Holding Post Issue | 2,84,04,000 shares |
Motilal Oswal IPO offers total 29,82,710 shares. Out of which 17,04,240 (57.14%) allocated to QIB, 2,84,040 (9.52%) allocated to NII, 8,52,120 (28.57%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 17,04,240 (57.14%) | NA |
| NII (HNI) Shares Offered | 2,84,040 (9.52%) | NA |
| Retail Shares Offered | 8,52,120 (28.57%) | 1,06,515 |
| Employee Shares Offered | 1,42,310 (4.77%) | NA |
| Total Shares Offered | 29,82,710 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Motilal Oswal Financial IPO opens on August 20, 2007, and closes on August 23, 2007.
| IPO Open Date | Mon, Aug 20, 2007 |
| IPO Close Date | Thu, Aug 23, 2007 |
| Tentative Listing Date | Tue, Sep 11, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 23, 2007 |
Investors can bid for a minimum of 8 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8 | ₹6,600 |
| Retail (Max) | 30 | 240 | ₹1,98,000 |
| S-HNI (Min) | 31 | 248 | ₹2,04,600 |
| S-HNI (Max) | 151 | 1,208 | ₹9,96,600 |
| B-HNI (Min) | 152 | 1,216 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Motilal Oswal Financial Services Limited is Mumbai based prime financial services provider. Motilal Oswal financial products and services include retail wealth management (including securities and commodities broking), portfolio management services, institutional broking, venture capital management and investment banking services.
With 1160 business locations and more than 2,00,000 investors in over 360 cities, Motilal Oswal is very well established player in wealth creation and wealth management business.
Motilal Oswal Financial Services Limited is the holding company and it operates through four subsidiaries:
1. Motilal Oswal Securities Limited (MOSt):
Incorporated in 1987, MOSt is a leading research and advisory based stock broking house. MOSt services include equities, derivatives, e-broking, portfolio management, mutual funds, commodities, IPOs and depository services.
2. Motilal Oswal Commodities Brokers Pvt Ltd(MOCB):
Incorporated in 2004, MOCB provides commodity trading facilities and related products.
3. Motilal Oswal Venture Capital Advisors Private Limited (MOVC):
MOVC manages India Business Excellence Fund (IBEF), a US$ 100 mn India focused Private Equity Fund backed by Motilal Oswal.
4. Motilal Oswal Investment Advisors Private Limited (MOIA):
MOIA manages investment banking business of Motilal Oswal.
| KPI | Values |
|---|---|
| RoNW | 20.89% |
The Company Motilal Oswal IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Augmenting long term working capital | 400.00 |
| 2 | Financing activity | 1,100.00 |
| 3 | Purchase / lease of new office space for business expansion | 350.00 |
| 4 | General corporate purpose | |
| 5 | Technology | 102.00 |
| 6 | Issue expenses |
| Listing Date | September 11, 2007 |
| BSE Script Code | 532892 |
| NSE Symbol | MOTILALOFS |
| ISIN | INE338I01027 |
| Final Issue Price | ₹825 per share |
| BSE Listing Group | B1 |
Motilal Oswal Financial Services Ltd.
Palm Spring Centre, 2nd Floor,
Palm Court Complex, New Link Road,
Malad (West), Mumbai 400 064, Maharashtra, India.
Malad, Maharashtra
Phone: +91 22 3080 1000
Email: initialoffer@motilaloswal.com
Website: http://www.motilaloswal.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mofsl.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Motilal Oswal Financial IPO is a main-board IPO of 29,82,710 equity shares of the face value of ₹5 aggregating up to ₹246.07 Crores. The issue is priced at ₹825 per share. The minimum order quantity is 8.
The IPO opens on August 20, 2007, and closes on August 23, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Motilal Oswal Financial IPO using UPI as a payment gateway. Zerodha customers can apply in Motilal Oswal Financial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Motilal Oswal Financial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Motilal Oswal Financial IPO opens on August 20, 2007 and closes on August 23, 2007.
Motilal Oswal Financial IPO lot size is 8, and the minimum amount required for application is ₹6,600.
You can apply in Motilal Oswal Financial IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Motilal Oswal Financial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Motilal Oswal Financial IPO allotment status.
The Motilal Oswal Financial IPO listing date is on Tuesday, September 11, 2007.
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