Onelife Captial Advisors is trading at Rs 122.40, an 11% premium against its issue price of Rs 110 on the National Stock Exchange (NSE). The stock opened at par and hit a high of Rs 123.70 after its listing today. Around 150,000 shares have changed hands on the counter in opening deals.
The company raised Rs 37 crore through the initial public offer (IPO) and had fixed issue price at higher end of price band of Rs 100-110 a share.
It plans to use the proceeds of IPO for purchasing of corporate office at Mumbai; development of portfolio management services; and brand building activities.
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.