Motilal Oswal Financial Services IPO Subscription Details

August 12, 2007

Motilal Oswal Financial Services IPO opens for subscription in the second fortnight of August. The price band of Motilal Oswal Financial Services IPO is Rs. 725 and Rs. 825 per share (Face value Rs. 5 and not Rs. 10). Motilal Oswal Financial Services IPO will open for subscription at a time when the global markets are very volatile. Since the IPO issue size is pretty small, market players feel that the Motilal Oswal Financial Services IPO will not face much difficulties in getting fully subscribed by the time the IPO closes for subscription. The listing of Motilal Oswal Financial Services IPO will offer an exit opportunity to PE funds namely New Vernon and Bessemer Ventures who invested in Motilal Oswal.

Posted in IPO, IPO Subscription Details