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
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.