Keep updated with latest Prudent Corporate Advisory IPO GMP (Grey Market Premium), kostak rates, and subject to sauda rates. Prudent Corporate Advisory IPO GMP for today is INR10 per share against the issue price of INR595 – 630 per share. This implies Venus Pipes IPO expected listing price is INR640 per share based on the current GMP.
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.
Prudent Corporate Advisory IPO GMP Daily Trend
| Date | Prudent Corporate Advisory IPO GMP | Kostak | Subject to Sauda |
| 19 May 2022 | – | – | – |
| 18 May 2022 | INR10 | INR200 | INR300 |
| 17 May 2022 | INR10 | INR200 | INR300 |
| 16 May 2022 | INR10 | INR200 | INR300 |
| 14 May 2022 | INR10 | INR200 | INR300 |
| 13 May 2022 | INR10 | INR200 | INR300 |
| 12 May 2022 | INR20 | INR300 | INR400 |
| 11 May 2022 | INR20 | INR300 | INR400 |
| 10 May 2022 | INR30 | INR300 | INR400 |
| 9 May 2022 | INR30 | INR300 | INR400 |
| 7 May 2022 | INR30 | INR300 | INR400 |
| 6 May 2022 | INR40 | INR300 | – |
| 5 May 2022 | – | INR350 | – |
This page provides day-wise GMP movement which is helpful in deriving tentative listing price and profit/loss of the IPO. The historical premiums mentioned in the above table serve an important purpose and have a close linkage with subscription levels, especially in the QIB and HNI categories. It is typically observed that recovery in premiums is difficult after a sharp correction.
IPO Central also provides grey premium of all active, recent and forthcoming IPOs at a single place. Head to our IPO discussion page which provides a snapshot of IPO premiums.
It should be noted that IPO grey market is unregulated and is highly volatile and thus, it should not be used as the only criterion for an investment decision in an IPO. Investors need to look into other parameters including financial performance and valuations before deciding whether to invest in Prudent Corporate Advisory IPO or not.
Prudent Corporate Advisory IPO Details
| Subscription Dates | 10 – 12 May 2022 |
| Price Band | INR595 – 630 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 |
| Minimum investment amount | INR14,490 |
| Maximum bid (lot size) | 299 shares (13 lots) |
| Maximum investment amount | INR188,370 |
| Face Value | INR5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Prudent Corporate Advisory IPO Documents & News
Prudent Corporate Advisory IPO Timetable
This table provides important information about Prudent Corporate Advisory IPO. The dates are updated once the company files Red Herring Prospectus (RHP).
| 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 | 23 May 2022 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
What is Prudent Corporate Advisory IPO GMP today?
Prudent Corporate Advisory IPO GMP today is INR10 per share.
What is Prudent Corporate Advisory IPO kostak rate today?
Prudent Corporate Advisory IPO kostak rate today is INR200 per application.
What is Prudent Corporate Advisory Subject to Sauda rate today?
Prudent Corporate Advisory Subject to Sauda rate today is INR300 per application.
What is the expected listing price and return of Prudent Corporate Advisory IPO?
Prudent Corporate Advisory IPO expected return is 1.62% based on the current GMP and expected listing price is INR640 per share.
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