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Onelife Capital surges 25% on debut
Shares of Onelife Capital Advisors (OCAL), a financial service company, jumped 25% to Rs 137 on the National Stock Exchange at 9:33 hours IST, after opening at its issue price of Rs 110 a share.
Shares of Onelife Capital Advisors (OCAL), a financial service company, jumped 25% to Rs 137 on the National Stock Exchange at 9:33 hours IST, after opening at its issue price of Rs 110 a share.
Total traded volume on both exchanges was more than 28 lakh shares as against 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).
