Motilal Oswal Finanial Services Ltd files DRHP with SEBI

Motilal Oswal Finanial Services Ltd has filed Draft Red Herring Prospectus with Securities Exchange Board of India (SEBI) for its IPO. The company is planning to come out with an issue of 2,982,710 equity shares of Rs.5 each for cash at a price band to be decided through 100% Book Building Process.

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% of post issue paid-up capital of the company.

The equity shares of the company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Citigroup Global Markets India Private Limited is appointed as the Book Running Lead Manager to the issue.

Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to view the Company's website Motilal Oswal Finanial Services Ltd

Click Here to view the Company's IPO prospectus Motilal Oswal Finanial Services Ltd

Source : Equity Bulls

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