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Onelife Capital IPO exorbitantly priced: Analysis

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?

September 28, 2011 / 13:32 IST
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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

CARE

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
first published: Sep 28, 2011 01:25 pm

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