Everything You Need to Know About the Prudent Corporate Advisory Services IPO

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 .


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