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June 24, 2022 - July 7, 2022

Motilal Oswal Financial Services Limited Buyback (Motilal Oswal Financial Services Buyback) Detail

Motilal Oswal Financial Services Limited is engaged in the business of financial services and products in India. The company is a distributor of Mutual Funds, PMS, Fixed deposits, Bond, NCDs, Insurance Products, Investment advisors and IPOs. Motilal Oswal Financial Services Limited provides a wide range of financial products and services like trading services, trading platforms, loans against securities, stock lending, IPO funding, margin funding, investment advisory, portfolio restructuring, fixed deposits, value-added services, etc.

Motilal Oswal Financial Services Limited has over 29,00,000+ Happy Customers and 4 Star+ ratings for its trading applications.

Motilal Oswal Financial Services Buyback Detail

Issue PeriodJune 24, 2022 - July 7, 2022
Security NameMotilal Oswal Financial Services Limited
Issue TypeTender Offer
Issue Size (Shares)1,454,545
Issue Size (Amount)₹160.00 Crores
Buyback Price₹1100 per share
Face Value₹1 per share
Listing AtBSE, NSE

Motilal Oswal Financial Services Buyback Issue Timetable

Record DateMay 27, 2022
Offer Opens OnJune 24, 2022
Last Date for receipt of Tender FormsJuly 11, 2022
Offer Closes On *July 7, 2022
Finalisation of Buyback AcceptanceJuly 15, 2022
Last Date for settlment of bidsJuly 18, 2022
Last Date for Extinguishment of SharesJuly 25, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 7 Equity Share out of every 76 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 356 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 4,31,982.51 3,63,411.26 2,36,541
Profit After Tax 1,31,071.50 1,20,294.80 21,539.59
Net Worth 5,67,463.20 4,46,345.60 3,08,188.54

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 960.00 858.70 902.42
Mar-2022 949.75 806.35 864.35
Feb-2022 959.55 823.25 903.33

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 960.00 858.05 903.04
Mar-2022 948.70 805.60 864.20
Feb-2022 959.85 824.00 903.49

Necessity of the Issue

The buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
  • The Buyback will help the Company to optimise the capital structure.
  • The Buyback would help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company.

Motilal Oswal Financial Services Buyback Documents

Motilal Oswal Financial Services Buyback Rating

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Company Contact Information

Motilal Oswal Financial Services Limited
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai-400025

Phone: 022 - 71934200
Email: shareholders@motilaloswal.com
Website: https://www.motilaloswal.com/

Motilal Oswal Financial Services Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: mofsl.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Motilal Oswal Financial Services Buyback Manager

Lead Manager(s)

  1. Ernst & Young Merchant Banking Services Llp

Registered Broker

  1. ICICI Securities Limited
    Email: allwyn.cardoza@icicisecurities.com

Motilal Oswal Financial Services Buyback FAQs

The Motilal Oswal Financial Services Buyback opens on June 24, 2022, and closes on July 7, 2022.

The Motilal Oswal Financial Services Buyback last day to buy is not available as of now.

The Motilal Oswal Financial Services Buyback is a Tender Offer.

Motilal Oswal Financial Services Buyback Schedule

Buyback Opening DateJune 24, 2022
Buyback Closing DateJuly 7, 2022
Last Date for receipt of Tender FormsJuly 11, 2022
Finalisation of Buyback AcceptanceJuly 15, 2022
Last Date for settlment of bidsJuly 18, 2022
Last Date for Extinguishment of SharesJuly 25, 2022

The Motilal Oswal Financial Services Buyback is being offered at Rs ₹1100 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 7 Equity Share out of every 76 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 356 Fully paid-up Equity Shares held on the Record Date.

The record date for the Motilal Oswal Financial Services Buyback is May 27, 2022.

The issue size of Motilal Oswal Financial Services Buyback is of 1,454,545 equity shares at ₹1100 per share aggregating upto ₹160.00 Crores.

The buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
  • The Buyback will help the Company to optimise the capital structure.
  • The Buyback would help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Motilal Oswal Financial Services Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


10 Comments

10. Vibhor     Link|July 19, 2022 1:11:04 PM
1 share in 5 different account
good strategy
9. Nikk     Link|July 19, 2022 10:42:25 AM
1 share strategy worked here.
4 shares accepted from 4 accounts.
8. ASHISH     Link|July 18, 2022 2:59:11 PM
your balance shares dredited in any acccount? IF NOT ANY IDEA WHEN IT WILL CREDITED
8.1. KAMMA SIVA RAMA KRISHNA     Link|July 18, 2022 7:52:40 PM
Sir,
The unaccepted shares are since found credited to the Dmat account. Please check up your Dmat account. Thank you.
7. KAMMA SIVA RAMA KRISHNA     Link|July 15, 2022 6:32:17 PM
51/160. Reasonably good AR.
7.1. Nikk     Link|July 15, 2022 11:08:14 PM
Sir is 1 share strategy working in this buyback ?
In my groww contract note it shows both buy and sell and net Rs 1.05 debit.
Does this mean my share not accepted ?
7.2. Mohsin     Link|July 16, 2022 10:44:08 AM
Yes Single share accepted.
6. arvindarvind     Link|July 16, 2022 7:05:22 AM
One share strategy is not working here
5. Satish     Link|July 15, 2022 10:39:28 PM
70 accepted out 222 tendered. Plan to buy 70 on monday for long term
4. Nikk     Link|July 15, 2022 3:44:04 PM
No debit message of share from account.
When will accepted shares be finalized?
The date mentioned is 15 July.
3. Gurubhai     Link|June 14, 2022 12:14:48 PM
When will the offer details be announced? Zydus and Asahi both came after this and have already announced the buyback dates.
3.2. ANJAY AMBASTA     Link|June 14, 2022 6:12:23 PM
Motilal Oswal financial buyback opened from 24 Jun to 7 Jul and ER is 8%.I already received mail.
3.3. ANJAY AMBASTA     Link|July 15, 2022 1:31:05 PM
Good AR 31.42 % .ACCEPTED 33 OUT OF 105
2. antarix   I Like It. 1|  Link|May 18, 2022 12:48:27 PM
Please give your opinion about the 1 share buyback strategy. Whether it is likely to work here?
2.2. saikiran     Link|May 27, 2022 9:34:53 AM
how did you calculate?pls explain.
2.3. Vibhor Saxena     Link|May 28, 2022 10:56:19 AM
@Saikiran
Check shareholders today and number of shares for retailers then you will be able to
1. NB     Link|May 21, 2022 1:46:54 PM
What will expected ratio..?

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