IPO Information : Onelife Capital Advisors Ltd

Incorporated in 2007, Onelife Capital Advisors Ltd (OCAL) is an India based financial service provider specialized in investment banking, including merchant banking. Company has plans to enter in to other financial service sectors including Portfolio Management and Equity Broking services for India Capital Market investors.

Onelife Capital offers services like Initial Public Offerings, Rights Issue, Buyback of Shares, Follow-On Public Offering, Qualified Institutional Placements, Open Offers and other Equity Linked Financing for small sized companies.

Company has recently raised Rs 45.83 crores for Paramount Printpackaging Ltd through an IPO.

Company Promoters:
The Promoters of the Company are:
1. Mr. Thiruvidaimarudur Krishna Prabhakar Naig
2. Mr. Pandoo Prabhakar Naig

Objects of the Issue:
The objects of this Issue are to

1. Purchase of Corporate Office at Mumbai;
2. Development of Portfolio Management Services;
3. Brand Building Activities;
4. General Corporate Purposes;
5. Achieve the benefits of listing on the Stock Exchanges.

Issue Detail:

  »»  Issue Open: Sep 28, 2011 - Oct 04, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 3,350,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 36.85 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 100 - Rs. 110 Per Equity Share
  »»  Market Lot: 50 Shares
  »»  Minimum Order Quantity: 50 Shares
  »»  Listing At: BSE, NSE
Onelife Capital IPO Grading

CARE has assigned an IPO Grade 1 to Onelife Capital Advisors IPO. This means as per CARE, company has 'Poor Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Flexituff International IPO Report.

Update

IPO Listing DetailListing Date:	Monday, October 17, 2011
BSE Scrip Code:	533632
NSE Symbol:	ONELIFECAP
Listing In:	'B' Group of Securities
Sector:	Financial Services
ISIN:	INE912L01015
Issue Price:	Rs. 110.00 Per Equity Share
Face Value:	Rs. 10.00 Per Equity Share
Listing Day Trading Information	BSE
Issue Price:	Rs. 110.00
Open:	Rs. 115.00
Low:	Rs. 114.00
High:	Rs. 173.00
Last Trade:	Rs. 145.90
Volume:	24,441,481

Onelife Capital Advisors froze at the 20% upper circuit at Rs 229 on back of huge volumes. A combined 4.9 million shares have changed hands on the counter, against an average 3.3 million shares traded daily in past two weeks. There were pending buy orders for 412,038 shares on both the exchanges. The stock has more than doubled form its issue price of Rs 110 per share, which was got listed on October 17. The foreign investors, Cresta Fund (6.19%) and Afrasia Bank Leman Diversified Fund (6.01%), are the second largest shareholders in the company. The promoters - Prabhakar K Naig and others hold 74.93% stake.