Onelife Capital Advisors (IPO) Initial Public offer opens on 28thSeptember

by khalid on 26/09/2011 · 0 comments

Onelife Capital Advisors (OCAL) is a financial service company which enters the capital market with its 33.5 lakhs equity shares of Initial Public Offer (IPO). The IPO will open on 28h September and will close on 4th Oct. The management will be diluting their 25.07% stake in the firm. Onelife Capital Advisors will raise rupees 33.50 to 36.85 Cr through this issue. The IPO price band has been fixed between Rs 100 to110 per share.

The issue opens on September 28th and closes on 4th October, 2011. Bids are to be made for a minimum of fifty equity shares and then thereafter the shares to be applied in the multiples of 50. The company Onelife Capital Advisors offers investment banking services, equity broking services, portfolio management and providesource capital for SME (small and medium sized enterprises) companies. The company offers services like IPO’s (initial public offerings), buyback of shares, right issues, and follow on public offering, open offers, qualified institutional placements and equity linked financing.

The company will use the issue proceed to develop its portfolio management services which will cost around rupees 11.58 Cr, an amount of rupees 7 crore will be spend to purchase a corporate office at Mumbai and for brand buiding activities it will cost them 7.7 Cr. To manage its public issue Atherstone Capital Markets Ltd has been appointed as the BRLMs (book running lead manager).

Bell the bull says: while investing in IPO’s people should be caution as the markets are not favourable  it can act in a reverse orderduring the time of listing.”

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