Bookbuilding IPO | ₹246 Cr | Listed at BSE, NSE | Mon, Aug 20, 2007 - Thu, Aug 23, 2007
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 per share. The lot size for an application is 8. The minimum amount of investment required by an retail is ₹6,600 (8 shares) (based on upper price). 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 Open
Mon, Aug 20, 2007
IPO Close
Thu, Aug 23, 2007
Issue Price
₹825 per share
Market Cap (Pre-IPO)
₹2,343.33 Cr
| IPO Date | 20 to 23 Aug, 2007 |
| Listed on | Tue, Sep 11, 2007 |
| Face Value | ₹5 per share |
| Price Band | ₹725 to ₹825 |
| Issue Price | ₹825 per share |
| Lot Size | 8 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 29,82,710 shares (agg. up to ₹246 Cr) |
| Fresh Issue | 29,82,710 shares (agg. up to ₹246 Cr) |
| Share Holding Pre Issue | 2,54,21,290 shares |
| Share Holding Post Issue | 2,84,04,000 shares |
| BSE Script Code / NSE Symbol | 532892 / MOTILALOFS |
| ISIN | INE338I01027 |
Motilal Oswal Financial IPO comprises a total issue size of 29,82,710 shares. The net offer to the public is 28,40,400 shares, after excluding 1,42,310 shares under a preferential allotment. Of the Net offer 17,04,240 (60.00%) are allocated to QIB, 2,84,040 (10.00%) allocated to NII 8,52,120 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 17,04,240 | 60.00% | 57.14% | NA |
| NII (HNI) Shares Offered | 2,84,040 | 10.00% | 9.52% | NA |
| Retail Shares Offered | 8,52,120 | 30.00% | 28.57% | 1,06,515 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,42,310 | 4.77% | NA | |
| Total Shares Offered | 29,82,710 | 100.00% | 100.00% | |
Investors can bid for a minimum of 8 shares and in multiples thereof.
| 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 |
| 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 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting long term working capital | 40.00 |
| 2 | Financing activity | 110.00 |
| 3 | Purchase / lease of new office space for business expansion | 35.00 |
| 4 | General corporate purpose | |
| 5 | Technology | 10.20 |
| 6 | Issue expenses |
| KPI | |
|---|---|
| RoNW | 20.89% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 78.63% | 70.38% |
| Market Cap | ₹2,343.33 Cr. |
The Motilal Oswal IPO is subscribed 27.41 times on August 23, 2007 5:00:00 PM (Day 4). The public issue subscribed 4.44 times in the retail category, 43.9 times in the QIB category, and 10.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commission | |
| 2 | Registrar’s fee and other expenses (postage of refunds etc.) | |
| 3 | Advertising and marketing expenses | |
| 4 | Printing and stationery | |
| 5 | Others (legal fee, listing fee, auditors, Book Building fees etc.) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹825.00 | ₹825.00 |
| Open | ₹999.00 | ₹911.10 |
| Low | ₹913.00 | ₹911.10 |
| High | ₹999.00 | ₹997.80 |
| Last Trade | ₹977.45 | ₹976.85 |
Lead Manager Reports
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 Crores. The issue is priced at ₹825 per share. The minimum order quantity is 8.
The IPO opens on Mon, Aug 20, 2007, and closes on Thu, Aug 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 Mon, Aug 20, 2007 and closes on Thu, Aug 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 Tue, Sep 11, 2007.
