Exploring Motilal Oswal Financial Services' NCD Offer

In the bustling world of financial services, Motilal Oswal (NS:MOFS) Financial Services Ltd. (MOFSL) shines bright as one of India's largest full-service brokers. Garnering the highest gross brokerage revenue as of 31 March 2023, according to a CRISIL (NS:CRSL) Report, MOFSL stands as a stalwart offering a diverse array of financial products and services.

From retail broking to institutional broking, investment banking to wealth management, MOFSL's offerings cater to a wide spectrum of clients, including retail customers, mutual funds, foreign institutional investors, and corporate entities. With a network of over 2,500 Business Locations and 8,000 Business Associates across India, alongside a robust online presence and mobile applications boasting over one crore downloads, MOFSL ensures seamless access to its services, spanning approximately 98.00% of pin codes in India.

With over 37 years of experience, MOFSL has solidified its position in the industry, advising over 0.70 crores clients and managing assets under advice exceeding INR 4,40,123.09 crores as of December 31, 2023. This remarkable growth, marked by a 31.91% CAGR over the period from Financial Year 2021 to 31 December 2023, underscores MOFSL's commitment to excellence.

As a registered entity with SEBI and a member of major stock exchanges, MOFSL ensures compliance and credibility in its operations. Its Pan-India presence, bolstered by international representation, further reinforces its standing as a key player in the financial market.

MOFSL's debt offer, valued at INR 1000 crores, presents an enticing opportunity for investors. With a base issue of INR 500 crores and a green shoe option, the company plans to issue 1,00,00,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs), listed on BSE and NSE.

Allocating net proceeds primarily towards working capital requirements and general corporate purposes, MOFSL offers coupon rates ranging from 8.85% to 9.70%, with varied tenors and interest payment options. The issue, jointly managed by leading firms, bears high credit ratings from CRISIL and India Ratings, reflecting its strong fundamentals and safety.

MOFSL's robust financial performance, evident in its consistent growth trajectory, underscores its stability and potential for investors. With total income/net profit figures of INR 4316.41 crore/INR 1310.73 crore (FY22) and INR 4197.12 crore/INR 932.82 crore (FY23), and a debt equity ratio of 1.52 (as of 31 December 2023), MOFSL presents a compelling case for investment.

MOFSL's maiden debt offer, coupled with its strong financials and high credit ratings, offers investors an avenue for steady income and potential long-term returns. With allotments on a "First Come - First Served" basis, investors can seize this opportunity to align with a reputable leader in India's financial services landscape.

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