Public issue of NCD's of Motilal Oswal Financial Services Limited
Highlights of the Issue
| Issue Open Details | Issue Opens on - Tuesday, April 23rd, 2024 |
|---|---|
| Issue Closes on - Tuesday, May 7th, 2024 | |
| Sector | Stockbroking & Allied |
| Offer Size | Public issue 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 a green shoe option of ₹500 crores aggregating up to ₹1,000 crores. |
| Face Value | Rs.1,000 per NCD |
| Minimum Application size and in multiples of NCD thereafter | 10 NCD and in multiples of 1 NCD thereafter |
| Nature of Instrument | Secured, rated, listed, redeemable NCDs |
| Security Cover | (1.20x) of the outstanding principal amounts of the NCDs and all interest due and payable thereon |
| Mode of Issuance | Demat mode only |
| Allocation Ratio | Institutional: 10%; Non-Institutional: 10%; HNI: 40%; Retail: 40% |
| Put and Call Option | Not Applicable |
| Debenture Trustee | Beacon Trusteeship Limited |
| Registrar to the Issue | Link Intime India Private Limited |
| Listing | BSE & NSE |
| Credit Rating | CRISIL AA/Stable & IND AA/Stable |
Documents related to the Issue
Click on the below links to download any document
- Information Memorandum for this issue
- Investor Presentation
- Ratings Rationale : 1) India Ratings 2)CRISIL
Issue Structure
| Series | I | II | III* | IV | V | VI | VII | VIII | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Sector | Stockbroking & Allied | |||||||||
| Frequency of Interest Payment | Annual | NA | Annual | NA | Monthly | Annual | Monthly | Annual | ||
| Minimum Application | ₹ 10,000 (10 NCDs) across all series | |||||||||
| In Multiples of thereafter (₹) | ₹ 1,000 (1 NCD) | |||||||||
| Face Value/ Issue Price of NCDs (₹/ NCD) | ₹ 1,000 | |||||||||
| 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% | ||
| Mode of Interest Payment | Through various modes available | |||||||||
| Redemption 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 | ||
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*Company shall allocate and allot Series III NCDs (Monthly option) wherein the Applicants have not indicated the choice of the relevant NCD Series