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 Dates | 10 – 12 May 2022 |
| Price Band | INR595 – 630 per share Employee Discount – INR59 per share |
| Fresh issue | Nil |
| Offer For Sale | 8,549,340 shares (INR508.69 – 538.61 crore) |
| Total IPO size | 8,549,340 shares (INR508.69 – 538.61 crore) |
| Minimum bid (lot size) | 23 shares |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Prudent Corporate Advisory’s Financial Performance
| Â | FY2019 | FY2020 | FY2021 | 9M FY2022 |
| Revenue | 225.1 | 236.2 | 294.9 | 328.0 |
| Expenses | 194.5 | 198.8 | 234.4 | 250.3 |
| Net income | 20.9 | 27.4 | 45.4 | 57.5 |
| Margin (%) | 9.3 | 11.6 | 15.4 | 17.5 |
Prudent Corporate Advisory IPO News
Prudent Corporate Advisory Valuations & Margins
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| EPS | 5.08 | 6.73 | 10.94 | 13.94 |
| PE ratio | – | – | 54.39 – 57.59 | – |
| RONW (%) | 25.30 | 24.75 | 28.73 | 26.83 |
| ROCE (%) | 25.30 | 24.75 | 28.73 | 26.83 |
| EBITDA (%) | 17.21 | 19.87 | 21.61 | 25.37 |
| Debt/Equity | 0.28 | 0.07 | 0.02 | 0.15 |
| NAV | – | – | 38.13 | 51.95 |
Prudent Corporate Advisory IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 16,87,101 | 0.00 | 0.00 | 1.26 |
| NII | 12,65,326 | 0.02 | 0.19 | 0.99 |
| Retail | 29,52,427 | 0.72 | 1.05 | 1.29 |
| Employees | 1,13,835 | 0.35 | 0.66 | 1.23 |
| Total | 60,18,689 | 0.36 | 0.57 | 1.22 |
Prudent Corporate Advisory Offer Registrar
Link Intime India Private LimitedÂ
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 Date | 10 May 2022 |
| IPO Closing Date | 12 May 2022 |
| Finalisation of Basis of Allotment | 18 May 2022 |
| Initiation of refunds | 19 May 2022 |
| Transfer of shares to demat accounts | 20 May 2022 |
| Listing Date | 20 May 2022 |
| Opening Price on NSE | INR650 per share (up 3.07% from IPO price) |
| Closing Price on NSE | INR561.75 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.
