Onelife Capital Advisors Ltd IPO Review (Avoid)

Review By Dilip Davda on Sep 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.


Conclusion / Investment Strategy

Avoid. 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.

Reviewer recommends Avoid to the issue.

Review By Dilip Davda on Sep 25, 2011

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at its own risk. Investors should bear in mind that any investment in stock markets is subject to unpredictable market-related risks. The above information is based on RHP and other documents available as of date coupled with market perception. The author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

Onelife Capital IPO FAQs

  1. 1. Why Onelife Capital IPO?

    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 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 IPO for short term listing gain or a long term.

  2. 2. How is Onelife Capital IPO?

    Read the Onelife Capital IPO recommendations by the leading analyst and leading stock brokers.

  3. 3. Onelife Capital IPO what should investors do?

    Onelife Capital IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Onelife Capital IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.

  4. 4. Is Onelife Capital IPO good?

    Our recommendation for Onelife Capital IPO is to avoid.

  5. 5. Is Onelife Capital IPO worth Investing?

    As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to avoid the Onelife Capital IPO.

  6. 6. When will Onelife Capital IPO allotment status?

    The Onelife Capital IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Onelife Capital IPO allotment status to check.

  7. 7. When will Onelife Capital IPO list?

    The Onelife Capital IPO will list on Monday, October 17, 2011, at BSE, NSE.








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App