managed to get listed at Rs 911 on the National Stock Exchange with a premium of 10 per cent compared to issue price. The stock was sold at Rs 825 by the company through book-building route.

The stock has seen a good interest by operators. During the early trading hours, the stock touched a high of Rs 986. Within first few minutes of trade, the stock went up by more than 15%. The stock has seen a good return and volumes stood at 15, 98,344 shares.

The stock was stronger on BSE and opened at 999. At 11.45 am, the markets were down marginally by 20 points. At 11.46 am the stock was trading at Rs 984 on NSE with a gain of Rs 159. On Bombay stock exchange, the stock was trading at Rs 975.

The company offers financial services. After the recent success of Indiabulls and many other financial services companies, Motilal Oswal could easily raise capital from stock markets. The company managed to raise Rs 246 crore. The company plans to increase its product range and reach among various states across India.