Motilal Oswal Completes Rs 300 Crore NCD Allotment with 8.15% Coupon Rate
Motilal Oswal Financial Services successfully allotted 30,000 NCDs worth Rs 300 crore with an 8.15% annual coupon rate and 3-year maturity. The NCDs are secured by company receivables and will be listed on NSE, demonstrating the company's strong market access and financial position.
*this image is generated using AI for illustrative purposes only.
Motilal Oswal Financial Services Limited has successfully completed the allotment of Non-Convertible Debentures (NCDs) worth Rs 300.00 crore on December 12, 2025. The Finance Committee of the Board of Directors approved the allotment of 30,000 fully paid, secured, rated, redeemable, listed senior bonds in the nature of NCDs.
NCD Allotment Details
The company has provided comprehensive details of the completed NCD issuance:
| Parameter: | Details |
|---|---|
| Allotment Date: | December 12, 2025 |
| Maturity Date: | December 12, 2028 |
| Total NCDs Allotted: | 30,000 |
| Face Value per NCD: | Rs 1,00,000 |
| Total Issue Size: | Rs 300.00 crore |
| Tenure: | 3 years |
| Listing Exchange: | National Stock Exchange of India Limited (NSE) |
| Issuance Type: | Private placement |
Coupon Rate and Payment Schedule
The NCDs carry an attractive annual coupon rate of 8.15%, with interest payments scheduled annually. The payment structure demonstrates the company's commitment to regular returns:
| Payment Date: | Type | Amount per NCD (Rs) |
|---|---|---|
| December 12, 2026 | Interest Payment | 8,150.00 |
| December 12, 2027 | Interest Payment | 8,150.00 |
| December 12, 2028 | Interest Payment | 8,150.00 |
| December 12, 2028 | Principal Redemption | 1,00,000.00 |
Security Structure and Risk Management
The NCDs are secured by a first ranking pari passu charge on the company's present and future receivables. This security structure ensures comprehensive protection for investors:
| Security Aspect: | Details |
|---|---|
| Security Type: | First ranking pari passu charge |
| Collateral: | Present and future receivables |
| Minimum Security Cover: | 1.00 times outstanding principal and interest |
| Coverage Period: | Until maturity date |
| Special Rights: | None |
Financial Position Context
Motilal Oswal Financial Services maintains a strong financial foundation that supports this debt issuance:
| Financial Metric: | Amount (Rs crore) | YoY Change |
|---|---|---|
| Total Assets: | 33,987.10 | +6.78% |
| Total Equity: | 11,130.80 | +26.94% |
| Current Assets: | 13,747.00 | -5.98% |
| Current Liabilities: | 16,356.80 | -6.54% |
| Investments: | 8,850.60 | +36.15% |
The company's balance sheet shows healthy growth in total assets and equity, with a significant increase in investments portfolio, indicating active capital deployment strategies.
Market Implications
The successful completion of this NCD allotment represents Motilal Oswal Financial Services' continued access to debt capital markets. The 8.15% coupon rate reflects current market conditions and the company's credit profile. With no delays in payment history and strong security coverage, these NCDs offer investors a structured investment opportunity in the financial services sector.
Historical Stock Returns for Motilal Oswal Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.33% | +0.51% | -7.94% | -27.50% | +5.41% | +320.89% |
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