Motilal Oswal Financial Services Limited

Invest Now Get Expert Advice

Issue Size (Net)

up to 1000 Cr

Credit Ratings

CRISIL AA/Stable by CRISIL and IND AA/Stable by India Ratings

Issue Opening Date

April 23, 2023

Issue Closing Date

May 07, 2023

ROI Chart Term Sheet Company Highlights Financials Highlights Prospectus

Specific Terms for Each Series of NCDs
Series	I	II	III	IV	V	VI	VII	VIII
Frequency of Interest Payment	Annually	NA	Annually	NA	Monthly	Annually	Monthly	Annually
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%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories	Rs. 1,000	Rs. 1,184.85	Rs. 1,000	Rs. 1,298.60	Rs. 1,000	Rs. 1,000	Rs. 1,000	Rs. 1,000
*The Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

1.Company Information

Motilal Oswal Financial Services Limited (MOFSL) emerges as a top-tier brokerage firm in India, boasting the highest gross brokerage revenue as of March 31, 2023, as per CRISIL. Operating under the Motilal Oswal Group, MOFSL offers a wide spectrum of financial services, including retail and institutional broking, investment banking, asset management, private equity, wealth management, and housing finance. With a clientele spanning retail customers, mutual funds, foreign institutional investors, financial institutions, and corporations, MOFSL's comprehensive services are delivered through a network of over 2,500 Business Locations across 550 cities, robust online platforms, and an extensive network of over 9,300 Business Associates. Its technological prowess is evident with over 1 crore downloads of its mobile applications by December 31, 2023, facilitating seamless digital service accessibility across India.
MOFSL's influence extends to advising over 0.60 crores clients, managing assets under advice amounting to ₹4,40,123.09 crores as of December 31, 2023, marking a remarkable 31.91% CAGR enhancement from Financial Year 2021. With a rich history dating back to its establishment in 1987, MOFSL has garnered over 37 years of experience in the broking and distribution industry. Registered with regulatory bodies like SEBI, BSE, NSE, MCX, NCDEX, CDSL, NSDL, and others, MOFSL maintains stringent compliance standards, ensuring reliability and trustworthiness in its operations. Positioned strategically across India with domestic offices in 22 states and one international representative office, and employing 7,601 individuals as of December 31, 2023, MOFSL is well-equipped to navigate the evolving landscape of the Indian financial market, leveraging its extensive infrastructure to provide clients with a seamless trading and investment experience amidst the increasing emphasis on digitization and growing returns from financial investments.

2. Ratings

CRISIL AA/Stable by CRISIL and IND AA/Stable by India Ratings

Motilal Oswal Financial Services Limited Financial Information (Consolidated)

Amount in Rs. Crore
PARTICULARS (Rs. Crores)	Net Worth	Cash & Cash Equivalents	Loans Given	Loans (Debt Securities & Borrowings)	Total Debts to Total Assets	Interest Income	Interest Expenses	Impairment on Financial Instruments
H1FY24	5173.93	3119.42	1965.33	4759.96	0.25	368.99	170.44	12.46
2023	4453.54	949.58	1327.82	3735.50	0.27	472.91	217.33	15.48
2022	4242.11	1039.55	884.62	2170.93	0.2	331.45	162.16	19.92

Issuer	Motilal Oswal Financial Services Limited
Instrument	Secured Redeemable Non-Convertible Debentures (NCDs)
Issue Opens on	April 23, 2023
Issue Closes on	May 07, 2023
Issue Size	500 CRORES (“BASE ISSUE SIZE”) WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO Rs 500 CRORES (TOTAL -1000 CRORES)
Issue Price / Face Value	Rs.1,000/- per NCD
Minimum Application	Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter.
Credit Rating	CRISIL AA/Stable by CRISIL and IND AA/Stable by India Ratings
Registrar	Link Intime India Private Limited
Listing	The NCDs are proposed to be listed on BSE and NSE
Category	I - Institutional	II - Non-Institutional	III - HNI	IV - Retail
Category Allocation
Put/Call Option	N.A.
Category Allocation	Compulsorily in dematerialized form.
Allotment	First Come First Serve Basis
Depositories	NSDL and CDSL

Specific Terms for Each Series of NCDs
Series	I	II	III	IV	V	VI	VII	VIII
Frequency of Interest Payment	Annually	NA	Annually	NA	Monthly	Annually	Monthly	Annually
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%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories	Rs. 1,000	Rs. 1,184.85	Rs. 1,000	Rs. 1,298.60	Rs. 1,000	Rs. 1,000	Rs. 1,000	Rs. 1,000
*The Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

Prospectus File

Download