Motilal Oswal Financial Services Limited

Published On: 21/04/20241.6 min read

Motilal Oswal Financial Services Limited (MOFSL) is set to launch a public issue of secured redeemable non-convertible debentures (NCDs). The NCDs, with a face value of Rs. 1,000 each, are being offered in multiple series catering to diverse investor preferences. Here’s a comprehensive overview of the forthcoming issue:

Issue Details:

Symbol: MOFSL1

Issue Period: April 23, 2024, to May 7, 2024

Post Issue Modification Period: May 8, 2024 (10:00 A.M. to 1:00 P.M.)

Cut-off time for UPI Mandate Confirmation: Up to 5:00 P.M. (T+2 day)

Security Type: Secured Redeemable Non-Convertible Debentures

Price: Rs. 1,000 per NCD

Face Value: Rs. 1,000

Market Lot: 1 (One) NCD

Minimum Application Value: Rs. 10,000/- (10 NCDs) and thereafter in multiples of Rs. 1,000

IPO Grading: Rated “CRISIL AA/Stable” and “IND AA/Stable”

Rating Agency: CRISIL Ratings Limited, India Ratings and Research Private Limited

Series and Payment Options:

  1. S1: 8.85%, Tenor 24 months – Annual Payment
  2. S2: Tenor 24 months – Payable at Maturity
  3. S3: 9.10%, Tenor 36 months – Annual Payment
  4. S4: Tenor 36 months – Payable at Maturity
  5. S5: 8.97%, Tenor 60 months – Monthly Payment
  6. S6: 9.35%, Tenor 60 months – Annual Payment
  7. S7: 9.30%, Tenor 120 months – Monthly Payment
  8. S8: 9.70%, Tenor 120 months – Annual Payment

Market Timings:

IPO Market Timings: 10:00 a.m. to 5:00 p.m.

Lead Managers:

Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited

Motilal Oswal Investment Advisors Limited

Sponsor Bank:

ICICI Bank Limited

HDFC Bank Limited

Registrar Details:

Name: Link Intime India Private Limited

Address: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India

Contact Person: Shanti Gopalkrishnan

Contact Number: +91 810 811 4949

Email: motilaloswal.ncd2024@linkintime.co.in

Investors have the opportunity to invest in these secured NCDs across various series, each with different tenors and payment options, catering to their investment preferences. With the backing of CRISIL AA/Stable and IND AA/Stable ratings, these NCDs offer a compelling investment opportunity in the fixed-income market.

For more details and investment inquiries, interested parties can reach out to the registrar or visit the official website of Motilal Oswal Financial Services Limited.

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