(i) Motilal Oswal Home Finance ( previously Aspire Home Finance Corporation Limited ) is a professionally managed housing finance company incorporated on 01.10.2013, with a unique combination of financially sound and technically experienced promoters who are well known in their domain for professional ethics and strong execution capabilities.
(ii) Motilal Oswal Home Finance works on the business philosophy of financial inclusion of Lower and Middle Income (LMI) Indian families by providing them access to long term housing finance. Motilal Oswal Home Finance is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). MOFSL is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI, and retail.
To whom Motilal Oswal Home Finance Ltd. (MOHFL) lends?
a) It provided home loans to individuals and families for purchase, construction, and extension of the house.
b) It provides loans for repair and renovation of houses and home loans to families in the new to credit, self-employed, cash salaried category where formal income proofs, Credit Bureaus reports are not easily available, and the repayment capacity of such families are appraised based on their cash flows and Internal Score Cards.
Presence as on 31.03.2020:
MOHFL is operating in nine states – Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Rajasthan, Chhattisgarh, Tamil Nadu, Telangana, and Andhra Pradesh. MOHFL now has 110 Branches across these nine states.
Loan book size as on 31.03.2020
MOHFL’s total outstanding loans in FY20 stood at R 3,667 crores. Loan book has reduced as compared to last year on account of sale of NPA book to ARC during the year. NPA and write off a pool of Rs 595 crores for consideration of Rs 293 crores at 50% haircut which has also resulted in lower NPAs as well as a reduction in the loan book.
Underwriting:
In the business of lending, underwriting is the single most parameter which one should look in order to make an investment in the company. Underwriting is a process of distribution of loans. If the company has a robust process for underwriting, then chances of NPAs get reduced considerably. Now, let us see how MOHF does underwriting?
a) The loan approval process at MOHFL is in 4 layers of an approval process based on the ticket size of the loan.
b) Approvals of lending proposals are carried out by various authorities from Cluster Credit Head to National Credit Head. Approvals beyond certain limits are referred to as the Chief Operation Officer. An additional layer of in house legal
and technical makes the underwriting process more robust.
c) There is a Dedicated Risk Containment Unit (RCU) in the Company to minimize fraud related to income documents, profiles, and collateral.
Borrowing:
Lending is a business where we need money to give money. MOHF first arranges money and then distributes it to the people in the economy to buy a new house or reconstruct. Now, how MOHF arranges fund?
a) From banks by a way of term loan.
b) NCD by issuing commercial paper.
MOHFL total borrowings as of March 31, 2020, of Rs 2,954 crores. And, the cost of borrowing in FY20 at 10.16%.
A journey of Motilal Oswal Home Finance
2014:
(i) Commencement of Business Operation on 22.05.2014.
(ii) The first disbursement booked in Akola Branch in June 2014.
(iii) The loan book crossed 50 Cr.
2015:
(i) Presence across 14 locations.
(ii) Total staff: 160 employees.
(iii) Loan book at 357 Cr with 3565 live accounts.
(iv) Year-end PAT at 18 Cr CRISIL upgrades rating for long term borrowings from “A/Stable” to “A+/Stable“ Loan book crosses 550 Cr with 5,500 Cr live loan accounts Present at 23 locations.
2016:
(i) Present in 51 Locations with employees count of 500.
(ii) PAT for the years at 40 Cr.
(iii) Received the first 50 Brand 2016 award by WCRC.
(iv) Presence extended to 62 locations.
2017:
(i) Awarded second prize for best performing Primary Lending Institution under CLSS for EWS/LIG by the Ministry of Housing and Urban Poverty Alleviation.
(ii) Expanded to 6 new states with a presence in 121 locations with a staff count of 1049.
(iii) loan Book of 4165 Cr with 46,142 live accounts.
2018:
(i) 4682 Cr of the loan book.
(ii) Capital Infusion by MOSFL of Rs. 150 Cr.
(iii) Strengthening of a core team.
(iv) Strengthening Credit & Risk
Total Available Shares: | Not Available |
Face Value: | ₹ 1 Per Equity Share |
ISIN: | INE658R01011 |
Lot Size: | 1000 Shares |
Current Unlisted Share Price: | ₹ 13.5034 Per Equity Share |
Retail Discount: | Bulk Deal (1%) |
Shareholder Name | Shareholding |
Motilal Oswal Financial Services Limited | 80.30% |
Motilal Oswal Finvest Limited | 9.98% |
Motilal Oswal Wealth Management Limited | 3.20% |
Motilal Oswal Investment Advisors Limited | 4.33% |
Particulars | 2017 | 2018 | 2019 | 2020 | 2021 |
Revenue from operations | 570 | 662 | 648 | 576 | 546 |
Expense | 445 | 613 | 859 | 515 | 455 |
PAT | 82 | 31 | -136 | 39 | 40 |
Book Value | 1.31 | 1.5 | 1.37 | 1.44 | 1.52 |
Face Value | 1 | 1 | 1 | 1 | 1 |
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Lock-in period of Motilal Oswal Home Finance Limited Unlisted Shares depends upon category of investors.
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In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Motilal Oswal Home Finance Limited Unlisted Shares then minimum investment would be 35-50k.
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nidavellir
Want to buy. Price?
Umesh Paliwal
Currently, Motilal Oswal Unlisted Share Price is Rs. 14.50 per share.
santosh200477
I want to buy 5000 qty, pls send me rate on my email santosh200477@rediffmail.com
Umesh Paliwal
My team is sending you the email.
RAJPAL SAINI
I have 1000 quantity of MOHF. I want to sell these share if you want please contact me .
Sachin Mule
price
@mit
Kon se bhav se dege
ajay seta
want to buy 1000 shares price pls for that
Umesh Paliwal
Hi, it is available at Rs.14 per share.
anjali
Please provide total amount of investment
RAJPAL SAINI
I HAVE 1000 SHARE OF MOHF. Please offer the buying price.
badapaisaindia
Motilal oswal unlisted shares rates plz
Umesh Paliwal
It is available at Rs.15 per share.
satishjain
Rs.20.00 per share
SAYYAD AJAZ NAZIR
13.65 rs per share
Yogesh.kshirsagar2002@gmail.com
I want to BUY 01 lac shares of MOHFL at 10 or below price….
Umesh Paliwal
Hi Sir, currently Motilal Oswal is available at 13.5 per share…
anjali
It is Available at 15
anjali
It is Available at 15 per share
@mit
I want to buy
shareprice
i m interested to buy huge quantity at reasonable price
NIKHIL D VERNEKAR
Current Price and Lot size ?
anjali
Contact Me I will provide you details- sales@unlistedzone.com
anjali
I’ve details contact me at sales@unlistedzone.com
Deepanshu
What is the current price and lot size?
Market Wizard
At present Motilal Oswal Home Finance shares are available at Rs. 9 per share for minimum 1,000 shares. For more information please drop an email at sales@unlistedzone.com.
Pankaj Singh
Hi
This is Pankaj Singh. I want buy share your given price at 9.
Please reply
Regards
Pankaj Singh
8097009111
anjali
Hello sir
It is now available at 15per share
MOFL_neeraj
@15 Rs Lot size is 1000
Market Wizard
The current valuation still seems to be on the higher side. However, the company is performing well for the last 2 years.
Market Wizard
Key Highlights of Motilal Oswal Home Finance for FY19-20: https://dyvmwwyqozzzb.cloudfront.net/main/Annual-Report-Inner-Page-24-April-Main-Page-VSTS.cdr_.pdf
PRE IPO SHARES
Motilal Oswal Home Finance reported profit of Rs. 21.4 Cr in 9 months of FY 20 and Rs. 16.1 Cr in 3rd Quarter.
* Margins have improved to 5.2% in 9 months, on account of improvement in yield and lower cost of funds.
* Loan book stood at Rs. 3,779 Cr as. Disbursements in 9 months were Rs. 146 Cr. New book sourced from April’18 validates the new credit policy with 11 cases in NPA out of 4500 loan cases.
* CRISIL has upgraded MOHFL’s rating to AA-(stable outlook) from earlier A+(stable). This will further benefit MOHFL in bringing down cost of funds and improve spreads.
* Strong support from parent continues with total capital infusion to Rs. 850 Cr. Net Gearing Stands at 3.4x.
* Limited borrowing repayment for next 1 year, strong undrawn borrowing lines and ALM places us in comfortable liquidity situation.
https://dyvmwwyqozzzb.cloudfront.net/main/c01a42f9-4e8b-4b0e-ba93-80512d3a9a9f.pdf
Market Wizard
Motilal Oswal Home Finance Sells Pool of Non-Performing Assets
(i) Motilal Oswal Home Finance has sold a non-performing loans pool of 540 Cr to Phoenix ARC.
(ii) Motilal Oswal Home to get 260 Cr for the assets, having an outstanding book value of 345 Cr.
(iii) The sale has helped reduce the company’s net NPA ratio to 1.51% Co.’s debt-equity gearing ratio 4x, cash balances of 1000 Cr, the filing says.
The filling copy is given below.
https://dyvmwwyqozzzb.cloudfront.net/main/New-Doc-2019-09-26-14.52.07_1.pdf
@mit
I want 5000 share in 5 rupess
Raju Sharma
Hello Sir,
I’m interested to by 1000 qty. at Rs. 7.5, please tell me processing
Market Wizard
please send us your contact detail at sales@unlistedzone.com so that our team will contact you.
Nikunj Khakhar
i am interested to buy 500 qty at Rs. 5, if available