Motilal Oswal Financial Services Ltd

- The company is planning to launch its 6th real estate fund during the current financial year, having already received SEBI permissions for the same (Page 15). - The real estate fund will be used by developers for land stage and finance transactions, indicating potential future fundraising through this channel (Page 15). - No explicit mention of additional new fundraising through debt or equity in other businesses within the transcript. - There has been a successful fundraise for its largest-ever equity growth fund in the Private Equity business (Page 5). - The company continues to invest in the wealth management business, but no specific mention of fresh fundraising plans in that area (Page 12).

- The company is launching its 6th real estate fund within the current financial year; SEBI permissions have been obtained and the team is working on fund details (Page 15). - Investment focus includes hiring wealth managers, growing client franchise, and enhancing products and platforms to drive wealth management growth (Page 12). - Continued investments in talent for wealth management are planned, which will impact cost-to-income ratio temporarily, with margins expected to improve as RM vintage matures (Page 12). - The Retail Booking business is expanding, having added over 1,100 franchises during the year, signaling ongoing strategic expansion (Page 5). - The company is investing in digital initiatives and expanding industry presence, especially in broking and wealth management segments (Pages 5 and 12). No explicit mention of other capex plans found beyond these strategic and fund-related investments.

- Broking business: Growth expected from derivative volumes with strong YoY growth; derivative market share improved by 116 bps YoY. F&O volumes projected to keep growing in H1 FY24. - Cash segment volume likely to pick up in H2 FY24, led by mid and small-cap companies benefiting from economic expansion. - Distribution revenues, lending book revenues, and advisory revenues expected to grow meaningfully alongside brokerage growth. - Wealth management business poised for scale with continued RM additions and investments; revenues grew 37% YoY in Q4FY23. - Asset and Wealth AUM crossed Rs 1 lakh crores; net yield steady at 75 bps, indicating stable revenue from asset management. - Float income (~Rs 150 crores in FY23) may marginally increase due to rising FD rates. - Investment in talent and client quality expected to improve active client ratio and margins in broking and wealth management.

- Wealth Management business sees large growth opportunity; investments ongoing in hiring relationship managers, client franchise, products, and platforms (Page 12). - Operating margins in Wealth Management may stay flat initially due to talent investments, improving as RM vintage matures (Page 12). - Broking business expects growth via derivative volumes and distribution revenues, lending, and advisory services; derivative market share up YoY (Page 8). - Cash segment volumes expected to pick up in H2 FY24 driven by mid and small-cap companies benefiting from economic recovery (Page 11). - Float income around Rs 150 crores FY23, likely to marginally increase with rising FD rates (Page 13). - Housing finance business shows profitability growth (44% YoY) with meaningful growth potential in disbursements (Page 5). - Overall, continued investments in talent and scaling of newer revenue streams expected to drive future profit growth (Pages 8-12).

The transcript does not explicitly mention the current or expected order book or pending orders for Motilal Oswal Financial Services Limited. The discussion mainly focuses on: - Broking business: Client activity, focusing on quality client acquisition over quantity. - Margin funding book growth: Increased by about 50% YoY, potential for growth. - Distribution and lending businesses: Showing growth prospects over next 2-3 years. - Asset and Wealth businesses: AUM crossed Rs 1 lakh crores with potential for future growth. - No specific figures or commentary related to order books or pending orders mentioned. Therefore, there is no direct information provided on the current or expected order book or pending orders in the provided transcript.