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IPO Status: Listed [10th May 2022 to 12th May 2022]
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.
| IPO Issue Opening Date: | 10th May 2022 |
| IPO Issue Closing Date: | 12th May 2022 |
| IPO Issue Price: | ₹595-630 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| 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 |
Get important updates regarding Prudent Corporate Advisory Services IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| 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
| IPO Activity | Date |
|---|---|
| Issue Price | ₹595-630 |
| Market Lot: | 23 Shares |
| 1 Lot Amount: | ₹14490 |
| Min Small HNI Lots(2-10 Lakh): | 322 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-05-2022 | 630 | 18 | -- | ₹648 (2.86%) | 20-May-2022 11:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Finance | ₹538 Cr | https://www.prudentcorporate.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 1,687,101 (28.03%) | 1,265,326 (21.02%) | 2,952,427 (49.05%) | 113,835 | 6,018,689 | |
| 1 | 10th May 2022 17:02 | 0.00x | 0.02x | 0.72x | 0.35x | 0.36x |
| 2 | 11th May 2022 17:02 | 0.00x | 0.19x | 1.05x | 0.67x | 0.57x |
| 3 | 12th May 2022 17:02 | 1.26x | 0.99x | 1.29x | 1.23x | 1.22x |
| 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 |
Last Updated on 07-Nov-2022 08:29:23
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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To subscribe or apply in Prudent Corporate Advisory Services IPO, you can use the following methods:
| Prudent Corporate Advisory Services IPO Applying Mode | Method | Details |
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
Or
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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.
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Prudent Corporate Advisory Services IPO Allotment Date is 18-05-2022.
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