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Onelife Capital Advisors to list shares on October 17
Financial service company Onelife Capital Advisors (OCAL) will list its equity shares on exchanges on Monday, October 17, 2011. The company has fixed issue price at higher end of price band of Rs 100-110 a share.
Financial service company Onelife Capital Advisors (OCAL) will list its equity shares on exchanges October 17. The company has fixed issue price at higher end of price band of Rs 100-110 a share.
The issue, which opened for subscription during September 28-October 4, was subscribed 1.53 times.
The company garnered Rs 36.85 crore through the issue of 33.5 lakh equity shares, by diluting 25.07% stake.
Onelife Capital Advisors is a financial service company offering investment banking services and portfolio management and equity broking services. Company is focused on nurturing small and medium sized enterprises (SME) companies to source capital in various forms.
Company intends to spend IPO money for purchasing of corporate office at Mumbai (with cost of Rs 7 crore); development of portfolio management services (at cost of Rs 11.58 crore); and brand building activities (with cost of Rs 7.7 crore).
