Motilal Oswal Financial Services (MOFSL), a financial services company focused on wealth creation for all its customers such as institutional and corporate clients, HNI and retail customers, proposes to enter capital markets with an initial public offering (IPO) of 29,82,710 equity shares of Rs 5 each for cash at a price band between Rs 725 and Rs 825 per share with 100% book building process.
The company is going to raise Rs 216.25 crore in lower end of the price band and Rs 246 crore at higher band, as per its DRHP filed with Sebi.
The issue comprises a net issue to the public of 2,840,400 equity shares of Rs 5 each and a reservation of 142,310 equity shares of Rs 5 each for subscription by eligible employees at the issue price. The issue will constitute 10.50% and the net issue will constitute 10.00% of the post issue paid-up equity capital of the company.
The equity shares are proposed to be listed on the BSE and NSE. Citigroup Global Markets India Pvt Ltd is the book running lead manager and Intime Spectrum Registry is the registrar to the issue.
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, IPO Refund details and listing date of Motilal Oswal Financial Services Ltd. IPO, do check my blog regularly.
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