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Prudent Corporate Advisory Services Limited IPO Details

IPO Status: Closed [10th May 2022 to 12th May 2022]

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Prudent Corporate Advisory Services IPO Detail

Prudent Corporate IPO through a Offer for Sale of 85,49,340 shares aggregating to Rs. 538 Cr to hit the market soon to list on the BSE and NSE platform. Prudent Corporate IPO opens on May 10, 2022, and closes on May 12, 2022. The IPO price band is fixed at Rs. 595-Rs. 630 and one can apply for the lot size of 23 shares and its multiple. The issue comprises an employee reservation of Rs. 6.5 Cr and offers an employee discount of Rs. 59 per share. Stay updated with us to know more about the Prudent Corporate IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.

Prudent Corporate Advisory Services IPO Details

IPO Issue Opening Date: 10th May 2022
IPO Issue Closing Date: 12th May 2022
IPO Issue Price: ₹595-630 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: 35%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹538 Cr
Offer for Sale: 8,549,340 shares at ₹595-630
[Aggregating to ₹ 538 Cr]
Face Value: ₹5 Per Equity Share
IPO Discount: Employee Discount: ₹59 per share
Promoter Holding Pre IPO: 56.78%
Promoter Holding Post IPO: 56.78%
Allotment Status: Allotment Status
BSE Code: 543527
NSE Code: PRUDENT

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IPO Live GMP IPO Live GMP

Prudent Corporate Advisory Services IPO Important Dates

In this section we have covered all important dates related to Prudent Corporate Advisory Services IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Prudent Corporate Advisory Services IPO important dates
IPO Activity Date
IPO Issue Open 10th May 2022
IPO Issue Close 12th May 2022
Basis of Allotment Date* 18th May 2022
Refunds Initiation* 19th May 2022
Credit of Shares to Demat* 20th May 2022
IPO Listing Date* 21st May 2022

* - Tentative Dates

Prudent Corporate Advisory Services IPO Lots

IPO Activity Date
Issue Price ₹595-630
Market Lot: 23 Shares
1 Lot Amount: ₹14490
Max Retail Lots: 299 shares (13 lots)
Min HNI Lots: 322 shares (14 lots)

About Company - Prudent Corporate Advisory Services

Prudent Corporate is one of the largest independent retail wealth management services group in India. The Company is amongst the top mutual fund distributors in terms of average AUM. It offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels.

The company offers Mutual Fund products from 42 AMCs, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms.

Incorporated in 2003, company offers it services via offline (branches in 105 locations in 20 states in India) as well as online mode.Owing to its large network of MFDs, it facilitates AMCs access to smaller cities, especially in the B-30 markets. Prudent Corporate also distributes life and general insurance products in India through its wholly owned subsidiary, Gennext. It distributes insurance products through a mix of online and offline channels, with each contributing 49.61% and 50.39%, respectively to new policies issued in Fiscal 2021.

Prudent Corporate Advisory Services IPO Strengths

  • The company operats is retail wealth management services (Specially asset management industry) which has grown at a CAGT of more than 20%.
  • Pan-India diversified distribution network with the ability to expand into B-30 markets.
  • The company has strong hold in online market.
  • The company is continuously investing in technology and improve investor and partner experiance.
Incorporation Sector IPO Issue Size Website
2003 Finance ₹538 Cr https://www.prudentcorporate.com/

Prudent Corporate Advisory Services IPO Objective

The object of IPO is to carry out the Offer for Sale of 85,49,340 shares.

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Prudent Corporate Advisory Services IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,687,101 Shares
  • Non-Institutional Investors: 1,265,326 Shares
  • Retail Individual Investor: 2,952,427 Shares
  • Employees Quota: 113,835 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered1,687,101 (28.03%)1,265,326 (21.02%)2,952,427 (49.05%)113,8356,018,689
110th May 2022 17:020.00x0.02x0.72x0.35x0.36x
211th May 2022 17:020.00x0.19x1.05x0.67x0.57x
312th May 2022 17:021.26x0.99x1.29x1.23x1.22x

Prudent Corporate Advisory Services Financials for past 3 Years

Past performance and financial results of Prudent Corporate Advisory Services.

Prudent Corporate Advisory Services financial
Prudent Corporate Financials (₹ in Cr) 31-Dec-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹387.34 ₹284.93 ₹196.08 ₹193.22
Total Income ₹328.00 ₹294.90 ₹236.22 ₹225.06
Net Profit/Loss ₹57.63 ₹45.30 ₹27.85 ₹21.02

Company Address

Prudent Corporate Advisory Services Limited
Prudent House, 3 Devang Park Society,
Panjarapole Cross Road,Ambawadi
Ahmedabad,Gujarat-380015
India
Website: https://www.prudentcorporate.com/
Phone: +91 79 4020 9600
Email: [email protected]

Prudent Corporate Advisory Services IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Prudent Corporate Advisory Services IPO Lead Manager

  1. ICICI Securities Limited
  2. Axis Capital Limited
  3. Equirus Capital Private Limited
Prudent Corporate Advisory Services IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Prudent Corporate Advisory Services? Should I apply in Prudent Corporate Advisory Services IPO?

Last Updated on 2022-05-22T12:24:10+00:00

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Prudent Corporate Advisory Services IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Prudent Corporate Advisory Services IPO with Zerodha.

Alternate approch to apply in Prudent Corporate Advisory Services IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Prudent Corporate Advisory Services IPO Review and Important Updates

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Apply in Prudent Corporate Advisory Services IPO online

To subscribe or apply in Prudent Corporate Advisory Services IPO, you can use the following methods:

Prudent Corporate Advisory Services IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Prudent Corporate Advisory Services IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Prudent Corporate Advisory Services IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Prudent Corporate Advisory Services IPO. Most of the Syndicate Banks provide access to apply in Prudent Corporate Advisory Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Prudent Corporate Advisory Services IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Prudent Corporate Advisory Services IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Prudent Corporate Advisory Services IPO Review and Important Updates

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Applying in Prudent Corporate Advisory Services IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Prudent Corporate Advisory Services IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Prudent Corporate Advisory Services IPO, please refer article >> Link

Prudent Corporate Advisory Services IPO Review and Important Updates

Steps to download the online application form for Prudent Corporate Advisory Services IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 23 and max 299 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Prudent Corporate Advisory Services IPO is going to be list on 21-05-2022. NSE Code for Prudent Corporate Advisory Services is PRUDENT. BSE Code for Prudent Corporate Advisory Services is 543527.

Other relevant questions:

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Prudent Corporate Advisory Services IPO Allotment Date is 18-05-2022.

Other relevant questions:

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User Reviews

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5. KRIS HARIMOHAN May 03 2022 11:21:48 PM Reply
Prudent Corporate Advisory Services IPO expected listing gain.
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4. Akhil Kolli May 03 2022 11:21:48 PM Reply
Please confirm Prudent Corporate Advisory Services IPO GMP (grey market premium) and kostak.
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3. K subash reddy May 03 2022 11:21:48 PM Reply
Prudent Corporate Advisory Services IPO good or bad.
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2. Archit May 03 2022 11:21:48 PM Reply
Prudent Corporate Advisory Services IPO whether to invest or not.
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1. Challakonda sailaja May 03 2022 11:21:48 PM Reply
Prudent Corporate Advisory Services IPO - CRISIL Rating, Apply or not?.