09 Aug 07 Motilal Oswal Financial Services Limited IPO
Motilal Oswal Financial Services Limited, a leading Indian integrated financial services company, is coming out with an IPO through the book building route. Motilal Oswal Financial Services Limited, in consultation with the investment bank managing the IPO, has fixed the price band for the IPO between Rs. 725 and Rs. 825 per share of face value Rs. 5 each. As per the Draft Prospectus, Motilal Oswal Financial Services Limited will use the proceeds of the IPO to infuse funds into Motilal Oswal Securities Limited (MOSL) and Motilal Oswal Commodities Brokers Pvt. Ltd (MOCB). Motilal Oswal Financial Services Limited is the Motilal Oswal group’s holding company which has stake in 4 group companies – The equity broking arm, the commodity business arm, the investment banking armand the venture capital advisory arm of the Motilal Oswal Group. Motilal Oswal Financial Services Limited had raised funds last year from leading Private Equity funds New Vernon Private Equity Limited and Bessemer Venture Partners Trust. These private equity funds aquired about 10% stake in Motilal Oswal Financial Services Limited at a price of about Rs. 519 per share of face value Rs. 5 each. Post IPO, the shares of Motilal Oswal Financial Services Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO issue size of Motilal Oswal Financial Services Limited IPO is about Rs. 225 crores. The lead manager for the Motilal Oswal Financial Services Limited IPO is Citigroup Global Markets India Pvt Ltd. The registrar for the Motilal Oswal Financial Services Limited IPO is Intime Spectrum Registry Limited. For updates on the subscription / oversubscription ratio of Motilal Oswal Financial Services Ltd IPO and to know the IPO allotment status, refund details and listing date of Motilal Oswal Financial Services Ltd. IPO, do check this blog regularly.
Motilal Oswal Financial Services Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Motilal Oswal Financial Services Limited IPO Issue.
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