Prudent Corporate Advisory Services Limited IPO

Prudent Corporate Advisory Services IPO Review

Prudent Corporate Advisory Services IPO Overview

Prudent Corporate Advisory Services Limited, founded in 2003, offers retail wealth management services. Mutual Funds, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms are all available from the organization.

PrudentConnect, Policyworld, WiseBasket, FundzBazar, and CreditBasket are the platforms via which the firm provides digital wealth management (DWM) solutions.

Prudent Corporate Advisory Services provides investment and financial services platforms for financial product distribution via online and offline channels. Prudent Corporate Advisory Services is one of the top ten mutual fund distributors in terms of average assets under management AUM in fiscal year 21.
Prudent Corporate Advisory Services offers wealth management services to 13,51,274 unique retail investors via 23,262 channel partners on the business-to-business-to-consumer (B2B2C) network, which is distributed over 110 locations in 20 Indian states, as of December 31, 2021. Out of 110 branches, 50 are located outside the top 30 cities (B- 30) markets and 60 are located within the top 30 cities (T-30) markets.

Prudent Corporate Advisory Services Limited is a major independent and rapidly developing financial services firm in India. As of December 31, 2021, the firm has 1067 workers, 35.05 lakh live folios, and 15.25 lakh live SIPs. As of December 31, 2021, the firm has constructed a countrywide network that will service 16,356 PIN numbers.

Prudent Corporate Advisory Services IPO Details

Prudent Corporate Advisory Services IPO Date

May 10, 2022 to May 12, 2022

Prudent Corporate Advisory Services IPO Face Value

₹5 per share

Prudent Corporate Advisory Services IPO Price

₹595 to ₹630 per share

Prudent Corporate Advisory Services IPO Lot Size

23 Shares

Issue Size

8,549,340 shares of ₹5

(aggregating up to ₹538.61 Cr)

Offer for Sale

8,549,340 shares of ₹5

(aggregating up to ₹[.] Cr)

Employee Discount

Rs 59 per share

Issue Type

Book Built Issue IPO

Listing At

BSE, NSE

QIB Shares Offered

Not more than 50% of the Net Offer

Retail Shares Offered

Not less than 35% of the Net Offer

NII (HNI) Shares Offered

Not less than 15% of the Net Offer

Company Promoters

Sanjay Shah is the company promoter.

Prudent Corporate Advisory Services IPO Financial Performance

Particulars

For the year/period ended (₹ in million)

 

31-Dec-21

31-Mar-21

Total Assets

3,873.40

2,849.30

Total Revenue

3,279.98

2,948.96

Profit After Tax

576.28

452.97

Particulars

For the year/period ended (₹ in million)

 

31-Mar-20

31-Mar-19

Total Assets

1,960.75

1,932.15

Total Revenue

2,362.20

2,250.58

Profit After Tax

278.53

210.19

Prudent Corporate Advisory Services IPO Key Ratios

 

FY2021

9M FY2022

EPS

10.94

13.94

PE ratio

54.39 – 57.59

RONW (%)

28.73

26.83

ROCE (%)

28.73

26.83

EBITDA (%)

21.61

25.37

Debt/Equity

0.02

0.15

NAV

38.13

51.95

 

FY2019

FY2020

EPS

5.08

6.73

PE ratio

RONW (%)

25.30

24.75

ROCE (%)

25.30

24.75

EBITDA (%)

17.21

19.87

Debt/Equity

0.28

0.07

NAV

Prudent Corporate Advisory Services IPO GMP Trend

GMP (₹)

Subject to Rates

IPO Price

Estimated Listing Price

30

(No Trade)

400

630

660 (4.76%)

Listing Performance of Prudent Corporate Advisory Services IPO

Listed On : NSE BSE

Issue Price : ₹595 to ₹630 per share

Listing Day Close :

Listing Day Gain :

Prudent Corporate Advisory Services IPO GMP Trend

NSE : NA

ISIN CODE : INE00F201020

BSE : NA

Prudent Corporate Advisory Services IPO Allotment Status

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

Prudent Corporate Advisory Services IPO Brokers Reviews & Rating

Axis Capital – Not Rated
Capital Market – Avoid
Dilip Davda – May apply
ICICI Securities – Not Rated
Jainam Broking limited – Apply
JM Financial Institutional Securities – Not Rated
Marwadi Shares and Finance Ltd – Avoid
TopShareBrokers.com – Avoid

Prudent Corporate Advisory Services IPO Important Dates

Event

Date

Prudent Corporate Advisory Services IPO Opening Date

May 10, 2022

Prudent Corporate Advisory Services IPO Closing Date

May 12, 2022

Basis of Allotment

May 18, 2022

Initiation of Refunds

May 19, 2022

Credit of Shares to Demat

May 20, 2022

Prudent Corporate Advisory Services IPO Listing Date

May 23, 2022

Prudent Corporate Advisory Services IPO Contact Details

Prudent House, 3 Devang Park Society,
Panjrapole Cross Road,
Ambawadi, Ahmedabad-380 015
Phone: +91 79 4020 9600
Email: cs@prudentcorporate.com
Website: https://www.prudentcorporate.com/

Prudent Corporate Advisory Services IPO Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: prudent.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Prudent Corporate Advisory Services IPO Subscription Details

Updated Soon.

Prudent Corporate Advisory Services IPO FAQ's

The Prudent Corporate Advisory Services IPO is a BSE NSE IPO of 8,549,340 shares of ₹5 (aggregating up to ₹538.61 Cr). The issue is priced at ₹595 to ₹630 per share..
The issue size is priced at 8,549,340 shares of ₹5 (aggregating up to ₹538.61 Cr). The fresh issue size is priced at 8,549,340 shares of ₹5 (aggregating up to ₹[.] Cr).
The initial public offering (IPO) begins on May 10, 2022 and ends on May 12, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

The Prudent Corporate Advisory Services IPO opens on May 10, 2022 and closes on May 12, 2022. The IPO Issue date may list on May 23, 2022.

Prudent Corporate Advisory Services IPO Market lot size is 23 Shares and the minimum order quantity is 23 Shares.

The finalisation of Basis of Allotment for Prudent Corporate Advisory Services IPO will be done on May 18, 2022. and the allotted shares will be credited to your demat account by May 20, 2022. Check the Prudent Corporate Advisory Services IPO status.

The Prudent Corporate Advisory Services IPO listing date is on May 23, 2022.

Prudent Corporate Advisory Services IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Prudent Corporate Advisory Services IPO Comments