Review By Dilip Davda on September 25, 2011
Onelife Capital Advisors Ltd. (OCAL):
This financial service sector company promoted by Naig family and based at Mumbai and specializing in investment banking arena is planning to enter into other financial service sectors such as Portfolio Management, Equity Broking for the local markets. The company also offers services like IPOs, Rights Issue, Buyback of Shares, FPOs, QIPs, Open Offers and other stock market related financial services. The company managed an IPO of Paramount Printpack in the recent past.
Now the company is planning to set up Corporate Office in Mumbai and raising corpus fund to finance the other financial services. To part finance this, the company is coming out with an issue of 3350000 equity share of Rs. 10 each within a price band of Rs. 100-110. The issue opens for subscription on 28.09.11 and closes on 04.10.11. Minimum application is to be made for 50 shares and in multiples thereafter. Shares will be listed on BSE and NSE. CARE has assigned an IPO Grade 1 to this issue indicating at Poor Fundamentals of the company.
Atherstone Capital Markets Ltd. is the sole BRLM and Sharepro Services India Pvt. Ltd. is the registrar to the issue. As far as BRLM is concerned, it came out with one offer of Midfield Ind in the recent past that gave positive returns on the debut day.
On the financial performance part, OCAL has posted negative performance with an average RPS of -Rs.1.03 for the past three fiscals. For the year 2010-11 the company has posted loss of Rs. 0.60 crore on a total income of Rs. 0.39 crore. Thus the issue is having exorbitant pricing.
Review By Dilip Davda on September 25, 2011
Dilip Davda is a veteran financial journalist associated with the Indian stock market since 1978. He has been contributing to print and electronic media on capital markets, insurance, and finance since 1985.
He is widely recognized for reviewing public issues and non-convertible debentures (NCDs) in the primary market. Drawing on over three decades of market experience and close interaction with merchant bankers, his reviews focus on detailed fundamental and financial analysis of companies, with a special emphasis on SME public issues.
Dilip Davda
SEBI Registered Research Analyst – Mumbai
Registration No.: INH000003127 (Perpetual)
Email: dilip_davda@rediffmail.com
Disclaimer: The information provided herein is solely for educational and informational purposes and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. Readers are advised to consult a qualified financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. The author does not intend to invest in the securities discussed.
The initial public offer (IPO) of Onelife Capital Advisors Ltd. offers an early investment opportunity in Onelife Capital Advisors Ltd.. A stock market investor can buy Onelife Capital Advisors IPO shares by applying in IPO before Onelife Capital Advisors Ltd. shares get listed at the stock exchanges. An investor could invest in Onelife Capital Advisors IPO for short term listing gain or a long term.
Read the Onelife Capital Advisors IPO recommendations by the leading analyst and leading stock brokers.
Onelife Capital Advisors IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Onelife Capital Advisors IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts mentioned in the above answer to "How is Onelife Capital Advisors IPO?"
Our recommendation for Onelife Capital Advisors IPO is to avoid.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to avoid the Onelife Capital Advisors IPO.
The Onelife Capital Advisors IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Onelife Capital Advisors IPO allotment status to check.
