Motilal Oswal Financial Services Limited IPO to hit markets on August 20, 2007

The Initial Public Offering (IPO) of Motilal Oswal Financial Services Limited will hit Capital Markets on August 20, 2007. The Company is coming out with an IPO of 2982710 Equity Shares of Rs.5 each for cash at a price band of Rs.725/- to Rs.825/- per share through 100% book building process.

The issue includes a reservation of 1,42,310 shares for subscription by eligible employees of the company. The Issue will constitute 10.5% and Net Issue to the public would be 2840400 shares which would constitute 10% of the fully diluted post issue paid up capital of the company.

The company's shares are proposed to be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book Running Lead Manager to the issue is Citigroup Global Markets India Pvt Ltd. The Registrar to the issue is Intime Spectrum Registry Ltd.

The IPO opens for subscription on August 20, 2007 and closes for subscription on August 23, 2007.

Click Here to View Motilal Oswal Financial Services Limited Website.

Click Here to view Motilal Oswal Financial Services Limited Prospectus.

Source : Equity Bulls

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