Motilal Oswal Sec to hit IPO stands

Motilal Oswal is coming up with an IPO of 29,82,710 equity shares of Rs5 each through 100% book building process on August 20 2007 and will close on August 23,2007. The price band for this issue has been fixed at Rs725-825 per equity share. The purpose for raising the funds through IPO is to support its growth through long term capital deployment, enhanced facility for broking customers, office space and technology advancement.