Prudent IPO Details, Prudent Corporate Advisory Services Ltd IPO
Table of Contents
Company All Details
Founded
2003
Managing Director
Managing Director of The Company, SANJAY SHAH.
Company Promoters:
Promoters of the Company, SANJAY SHAH.
About the company.
Prudent Corporate Advisory Services Ltd. is an independent retail wealth management services group in India and are amongst the top mutual fund distributors in terms of average assets under management (“AAUM”) and commission received. It offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. It grew faster among national distributors in terms of commission and AAUM with a CAGR of 34.4% and 32.5% respectively for the five year period ending Fiscal 2021.It is an independent platform with no single AMC contributing more than 15% of our AUM as of December 31, 2021.As on December 31, 2021, its assets under management from the mutual fund distribution business (“AUM”) stood at Rs. 48,411.474 crore with 92.14% of our total AUM being equity oriented. Read Less
The Company was incorporated on June 4, 2003, as ‘Prudent Corporate Advisory Services Limited’, a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation
issued by the Registrar of Companies, Gujarat at Ahmedabad. The Company commenced its operations pursuant to a certificate for commencement of business dated June 20, 2003, issued by the RoC.
Objects Of The Offer:
- To carry out the Offer for Sale; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Prudent Corporate Advisory Services Ltd IPO Details:
Issue Amount : Upto Rs 538 Cr
Total shares on offer : Upto #8,549,340 Equity Shares
Face Value : ₹5 per share
Price Band : ₹595 to ₹630
Lot Size : 23 shares
IPO Registrar : Link Intime India Private Limited.
Prudent Corporate Advisory Services Ltd IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | 10 May 2022 |
| IPO Close Date | 12 May 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 18 May 2022 |
| Initiation of Refunds | 19 May 2022 |
| Credit of Shares to Demat Account | 20 May 2022 |
| IPO Listing Date (Trading commence) NSE & BSE | 23 May 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ Crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 285 | 196 | 193 |
| Total Revenue | 295 | 236 | 225 |
| Net Profit & Loss for the period | 45 | 28 | 21 |
Prospectus Document:
Download RHP File
Download DRHP File
What is Prudent Corporate Advisory Services Ltd IPO?
Issue Amount : Upto Rs 538 Cr.
What is Prudent Corporate Advisory IPO?
Prudent Corporate Advisory IPO is a main-board IPO. They are going to raise ₹538 Crores via IPO. The issue is priced at ₹595 to ₹630 per equity share. The IPO is to be listed on BSE & NSE.
Prudent Corporate Advisory Services Ltd IPO Open?
10 May 2022 to 12 May 2022.
When Prudent Corporate Advisory Services Ltd IPO Will open?
The IPO is to open on 10 May 2022 for QIB, NII, and Retail Investors.
Registered Office
Registered Office: Prudent House, 3 Devang Park Society,
Panjarapole Cross Road, Ambawadi, Ahmedabad 380 015,
Gujarat; Tel: +91 79 4020 9600
Corporate Office: 3rd Floor, HUB Town Solaris,
Telli Gally Junction, NS Marg, Andheri East,
Mumbai 400069, Maharashtra; Tel: +91 22 4212 4600
Contact Person: Dhavalkumar Ghetia,
Company Secretary and Compliance Officer;
E-mail: cs@prudentcorporate.com
Website: www.prudentcorporate.com;
Corporate Identity Number: U91120GJ2003PLC042458
Prudent Advisory IPO REGISTRAR
Link Intime India Private Limited
C 101, 247 Park
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra
Tel: +91 22 4918 6200
E-mail: prudent.ipo@linkintime.co.in
Investor grievance e-mail:
prudent.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
How to apply on Zerodha, Prudent IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Prudent Corporate Advisory Services Ltd IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Prudent Corporate Advisory Services Ltd IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Prudent Corporate Advisory Services Ltd IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.