Prudent Corporate Advisory IPO Date, Price, Market Lot, Subscription

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Prudent Corporate
Advisory IPO GMP
Prudent Corporate
Advisory IPO Reviews
Allotment Status
Prudent Corporate Advisory IPO GMP

Prudent Corporate Advisory IPO description – The company is one of the largest independent retail wealth management services groups (excluding banks and brokers) in India and is amongst the top mutual fund distributors in terms of average assets under management (AAUM) and commission received.

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. Also, It is the fastest growing national distributor (amongst the top 10 mutual fund distributors) in terms of commission and AAUM with a CAGR of 34.4% and 32.5% respectively for the five-year period ending Fiscal 2021.

Promoters of Prudent Corporate Advisory Services – Mr. Sanjay Shah


Prudent Corporate Advisory IPO Details

Subscription Dates10 – 12 May 2022
Price BandINR595 – 630 per share
Employee Discount – INR59 per share
Fresh issueNil
Offer For Sale8,549,340 shares (INR508.69 – 538.61 crore)
Total IPO size8,549,340 shares (INR508.69 – 538.61 crore)
Minimum bid (lot size)23 shares
Face Value INR 5 per share
Retail Allocation35%
Listing OnNSE, BSE

Prudent Corporate Advisory’s Financial Performance

 FY2019FY2020FY20219M FY2022
Revenue225.1236.2294.9328.0
Expenses194.5198.8234.4250.3
Net income20.927.445.457.5
Margin (%)9.311.615.417.5
Figures in INR crore unless specified otherwise

Prudent Corporate Advisory IPO News


Prudent Corporate Advisory Valuations & Margins

FY2019FY2020FY20219M FY2022
EPS5.086.7310.9413.94
PE ratio54.39 – 57.59
RONW (%) 25.3024.7528.7326.83
ROCE (%)25.3024.7528.7326.83
EBITDA (%)17.2119.8721.6125.37
Debt/Equity0.280.070.020.15
NAV38.1351.95

Prudent Corporate Advisory IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
QIB16,87,1010.000.001.26
NII12,65,3260.020.190.99
Retail29,52,4270.721.051.29
Employees1,13,8350.350.661.23
Total60,18,6890.360.571.22
Subscription figures in number of times, at 5 PM

Prudent Corporate Advisory Offer Registrar

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in


Prudent Corporate Advisory Contact Details

Prudent Corporate Advisory Services Limited
3rd Floor, HUB Town Solaris,
Telli Gally Junction,
NS Marg, Andheri East,
Mumbai 400069, Maharashtra
Phone :+91 22 4212 4600
Email: [email protected]
Website: www.prudentcorporate.com


Prudent Corporate Advisory IPO Allotment Status

Prudent Corporate Advisory IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.


Prudent Corporate Advisory IPO Timetable

IPO Opening Date10 May 2022
IPO Closing Date12 May 2022
Finalisation of Basis of Allotment18 May 2022
Initiation of refunds19 May 2022
Transfer of shares to demat accounts20 May 2022
Listing Date20 May 2022
Opening Price on NSEINR650 per share (up 3.07% from IPO price)
Closing Price on NSEINR561.75 per share (down 10.83% from IPO price)

Prudent Corporate Advisory Offer FAQs

How many shares in Prudent Corporate Advisory Offer are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Prudent Corporate Advisory Public Offer?

The best way to apply in Prudent Corporate Advisory public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Prudent Corporate Advisory IPO date?

The IPO is to open on 10 May 2022 for QIB, NII, and Retail Investors.

What is Prudent Corporate IPO Allotment Date?

Prudent Corporate Advisory IPO allotment date is 18 May 2022.

What is Prudent Corporate IPO Listing Date?

Prudent Corporate Advisory IPO listing date is 23 May 2022.

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