Prudent Corporate Advisory Services is a retail wealth management services group in India. It offers investment and financial services platforms for the distribution of financial products through online and offline channels.
Prudent provided wealth management services to 13,51,274 unique retail investors through 23,262 MFDs on its business-to-business-to-consumer platform and is spread across branches in 110 locations in 20 states in India. And is associated as a distributor with 42 AMCs.
It also offers life and general insurance products through its subsidiary, Gennext.
The entire public offering of Prudent Corporate Advisory Services comprises an offer for sale of 85.49 lakh equity shares from selling shareholders.
- Financial Snapshot
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 225.06 | 21.02 | 5.08 |
| March 2020 | 236.22 | 27.85 | 6.73 |
| March 2021 | 294.90 | 45.30 | 10.94 |
| Period ended December 31, 2021 | 328.00 | 57.63 | 13.94 |
For more information, you can check the IPO Prospectus filed by the company.
IPO Details
| Issue Period | 10th May 2022 to 12th May 2022 |
|---|---|
| Price Range | Rs. 595 to 630 |
| Minimum Bid Quantity | 23 and in multiples thereof |
| Finalization of Allotment | 18th May 2022 |
| Initiation of Refunds | 19th May 2022 |
| Credit of Shares | 19th May 2022 |
| Date of Listing | 20th May 2022 |
| Mandate end date | 28th May 2022 |
| Anchor Investors Lock-in End Date | 11th June 2022 |
How do I apply to the Prudent Corporate Advisory Services IPO?
You can apply for the Prudent Corporate Advisory Services IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Prudent Corporate Advisory Services IPO?
You can check the allotment status for the Prudent Corporate Advisory Services IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website .