By V S Fernando, IPO Analyst at India Aarthik Research
Loss-making Onelife Capital vie Rs 90 to Rs 100 premium for a Rs 10 paid-up share. How a two-year-operational company is allowed to pocket such a huge premium at one stroke?
| OFFER AT A GLANCE | |
| Name | Onelife Capital Advisors Ltd |
| Offer Quantity | 33.5 lakh shares of Rs 10 each |
| % on Total Equity | 25.1% |
| Offer Price | Rs 100 to Rs 110 |
| Offer Amount | Rs 33.5 cr to Rs 36.9 cr |
| Application Quantity | 50 & Multiples of 50 |
| Offer Opens | September 28, 2011 |
| Bid/Offer Closes | October 4, 2011 |
| Rated By | |
| Rating | 1 out of 5 |
| Lead Managers | Atherstone Capital |
| Registrars | Sharepro Services |
The IPO
The present IPO is a fresh Issue of 33.5 lakh equity shares of Rs.10 each constituting 25.07% of the company
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