Motilal Oswal is coming up with a Public Issue to raise Rs 246 crore by selling its 29,82,710 shares with face value of Rs 5 each through 100% book building process. The price band of the IPO is Rs 725-825 per share. The issue will close on Thursday.

Motilal Oswal offers financial services. The clients of company includes Indian as well as Foreign investors. The company offers various solutions for retail customers, high net worth investors, foreign institutional investors, and corporate clients. The company has offices in 377 cities across India and has plans to increase its presence after raising money from the markets.

The product line of company includes broking, wealth management, portfolio management, venture capital and investment banking through subsidiaries. Indiabulls has a similar model and the counter has given good returns to investors in a short period. Technical Analysts recommend investing in this stock. The company has shown a growth of 15% in Net profits and 39% in overall revenues in financial year 2007-08. Investing in primary market can offer a return of 10 - 15 % as per recommendation of Keynote Capitals.