Sunday, August 19, 2007

MOTILAL OSWAL FINANCIAL SERVICES LTD - IPO

Type of Issue : Book Built
Issue Opens: 20 August, 2007
Issue Closes: 20 August, 2007
Issue Size : 2,982,710 (No. of Shares)

Lower Price Band: Rs.725
Upper Price Band: Rs.825
Total Issue Size: Rs.246 Crores

Application Multiple: 8 and in multiples there off starting with at least 8 shares.

Maximum Shares: 120 (for Retail)

Information URL : http://www.motilaloswal.com/
Prospectus URL : http://www.sebi.gov.in/dp/motidraft.pdf

Company Details :

Address : PALM SPRING CENTRE, 2nd FLOOR, PALM COURT COMPLEX, NEW LINK ROAD, MALAD (WEST), MUMBAI - 400 064.
Email : initialoffer@motilaloswal.
Contact Details : 912230801000 /912228449044 (fax)

ISSUE Description:

Motilal Oswal Financial Services is a well diversified financial services group having businesses in securities, commodities, investment banking and venture capital. It has 1200 Business locations and more than 2,00,000 investors in over 377 cities. The company has in the last year placed 9.48% with two leading private equity investors - New Vernon Private Equity Limited and Bessemer Venture Partners at post money company valuation of Rs.1345 crores. (Rs.13.45billion).

Motilal Oswal Financial Services Ltd., consists of four companies.
Motilal Oswal Investment Advisors Pvt. Ltd. is the Investment Banking arm experience in investment banking/corporate banking and advisory services.
Motilal Oswal Commodities Broker (P) Ltd. has been providing commodity trading facilities and related products and services since 2004.
Motilal Oswal Venture Capital Advisors Private Limited has launched the India Business Excellence Fund (IBEF), a US$100mln India focused Private Equity Fund.
Motilal Oswal Securities Ltd. (MOSt) is a leading research and advisory based stock broking house of India, with a dominant position in both institutional equities and retail wealth management. Our services include equities, derivatives, e-broking, portfolio management, mutual funds, commodities, IPOs and depository services.

Motilal Oswal Securities has witnessed rapid organic growth. FY05 and FY06 saw the company grow inorganically through acquisition of three significant regional broking firms from Karnataka, Kerala and UP.
The retail business unit provides equity investment solutions to more than 2,00,000 investors. These solutions are provided by a force of over 2000 employees and over 808 Business Associates. We provide advice-based broking (equities and derivatives), portfolio management services (PMS), e-Broking, depository services, commodities trading, IPO and mutual fund investment advisory services.

Key Financials for the year ended March 31, 2007
Revenue Rs.684.92Mln, PAT Rs.695.84Mln, EPS Rs.34.75, RoNW 20.89%.

Recommendation:

Motilal Oswal is a well-established brand among retail and institutional investors in India. Apply.

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