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Onelife Capital Advisors closes with 33% premium
Financial services provider Onelife Capital Advisors has touched an intra-day high of Rs 174.80 on the National Stock Exchange, showing a rally of 59% over issue price of Rs 110 a share.
Financial services provider Onelife Capital Advisors has touched an intra-day high of Rs 174.80 on the National Stock Exchange, showing a rally of 59% over issue price of Rs 110 a share.
A share jumped 32.68%, to close at Rs 145.95. Total traded volume on both exchanges was nearly 6 crore equity shares - 17.5 times higher as compared to issue size of 33.5 lakh shares.
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.
The company garnered Rs 36.85 crore, which it planned 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).
