Prudent Corporate Advisory Services Ltd IPO
Prudent Corporate Advisory Services Ltd IPO is listed on BSE and NSE, priced at ₹595–₹630 per share. The stock debuted at ₹650, delivering a listing gain of 3.2%. The IPO had a lot size of ₹23 shares and a minimum investment of ₹14,490.
Prudent Corporate Advisory Services Ltd IPO
- IPO Dates
- May 10, 2022 – May 12, 2022
- Price band
- ₹595-630 per equity share
- Minimum Investment
- ₹14,490
- Issue size
- Offer foe Sale : 85,49,340 shares of ₹5(aggregating up to ₹538.61 Cr Approx)
- Lot size
- 23
- Allotment Date
- May 18, 2022
- Listing
- May 20, 2022
- Listing At
- BSE, NSE
IPO timeline
-
May 10, 2022
Open Date
Completed
-
May 12, 2022
Close Date
Completed
-
May 18, 2022
Allotment Date
Completed
-
May 20, 2022
Listing Date
Completed
Price Summary
- Last closing
- 2,750.00 (336.51%)
- 52 week high
- 3,098.00
- 52 week low
- 2,121.00
- Last update
Prudent Corporate Advisory Services Ltd IPO Essentials
Prudent Corporate Advisory Services Ltd IPO Details
Prudent Corporate Advisory Services Ltd IPO is priced at ₹595-630 per share with a total issue size of Offer foe Sale : 85,49,340 shares of ₹5(aggregating up to ₹538.61 Cr Approx). The IPO has a lot size of 23 shares and is listed on BSE and NSE.
- Issue price
- 595-630 per equity share
- Lot size
- 23 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Offer foe Sale : 85,49,340 shares of ₹5(aggregating up to ₹538.61 Cr Approx)
- Listing at
- BSE, NSE
- List price
- 650.0 (NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
ICICI Securities Limited ,Axis Capital Limited, Equirus Capital Private Limited
Prudent Corporate Advisory Services Ltd IPO Analytics
Prudent Corporate Advisory Services Ltd IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Prudent Corporate Advisory Services Ltd IPO Subscription Status
Prudent Corporate Advisory Services Ltd IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
|
Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 1,687,101 |
1,265,326
|
2,952,427 | 113,835 | 6,018,689 |
|
Day 1
10-05-22 05:00 PM
|
0.00 x |
0.02x
|
0.72 x | 0.35 x | 0.36 x |
|
Day 2
11-05-22 05:00 PM
|
0.00 x |
0.19x
|
1.05 x | 0.67 x | 0.57 x |
|
Day 3
12-05-22 05:00 PM
|
1.26 x |
0.99x
|
1.29 x | 1.23 x | 1.22 x |
Prudent Corporate Advisory Services Ltd Valuations
Earnings
- EPS (Post IPO)
- ₹10.96/-
- P/E Ratio
- 57.48
Returns
- RoNW
- 28.73%
Prudent Corporate Advisory Services Ltd Financials( In Crs.)
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 387.34 | 284.93 | 196.07 | 193.21 |
| Revenue | 327.99 | 294.89 | 236.22 | 225.05 |
| Profit After Tax | 57.62 | 45.29 | 27.85 | 21.01 |
Prudent Corporate Advisory Services Ltd Company & Offer Insights
About Prudent Corporate Advisory Services Ltd
Incorporated in 2003, Prudent Corporate Advisory Services Limited provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms.
The company offers digital wealth management (DWM) solutions through platforms, namely, FundzBazar, PrudentConnect, Policyworld, WiseBasket and CreditBasket.
Prudent Corporate Advisory Services provides investment and financial services platforms for the distribution of financial products through online and offline channels. Prudent Corporate Advisory Services is amongst the top 10 mutual fund distributors in terms of average assets under management AUM as of FY21.
As of December 31, 2021, Prudent Corporate Advisory Services provided wealth management services to 13,51,274 unique retail investors through 23,262 channel partners on the business-to-business-to-consumer (B2B2C) network, which is spread across 110 branches in 20 Indian states. Out of 110 branches, 50 locations are beyond the top 30 cities (B- 30) markets and 60 locations in the top 30 cities (T-30) markets.
Prudent Corporate Advisory Services Limited is one of India's leading independent and fastest-growing financial services groups. The company has 1067 employees strength, 35.05 lakhs live folios and 15.25 lakhs live SIPs as of December 31, 2021.
The company has built a nationwide network, servicing 16,356 PIN codes as of December 31, 2021.
As of December 31, 2021, The company is associated as a distributor with 42 AMCs. The company's AUM from the B-30 markets was Rs. 25,250.34 million representing 15.15% of the total AUM as of March 31, 2018, and has grown at a CAGR of 36.20% to Rs. 80,586.23 million representing 16.65% of the total AUM as of December 31, 2021.
Prudent Corporate Advisory Services Ltd Promoter(s)
Sanjay Shah are the company's promoters of Prudent Corporate Advisory Services Ltd.
Prudent Corporate Advisory Services Ltd IPO Issue Objectives
- •
- The company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.
Prudent Corporate Advisory Services Ltd IPO - Anchor Investors
Prudent Corporate Advisory Services mobilises Rs 159.43 crore from anchor investors ahead of IPO.
Marquee investors who showed interest in the company through anchor book included HSBC, Kuber India Fund, Societe Generale, DSP Mutual Fund, Axis Mutual Fund, Nippon Life, L&T Mutual Fund, Quantum Mutual Fund, Motilal Oswal Mutual Fund, UTI MF, Aditya Birla Sun Life Trustee, and Kotak Mutual Fund.
Contact Information
Frequently Asked Questions
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Prudent Corporate Advisory Services Ltd IPO is a book-built IPO worth ₹Offer foe Sale : 85,49,340 shares of ₹5(aggregating up to ₹538.61 Cr Approx). The price band is ₹595–₹630 per share. The IPO opens on May 10, 2022 and closes on May 12, 2022. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Prudent Corporate Advisory Services Ltd IPO is ₹595 to ₹630 per share.
The lot size of Prudent Corporate Advisory Services Ltd IPO is 23 shares.
The minimum investment for Prudent Corporate Advisory Services Ltd IPO is approximately ₹14,490 based on the upper price band .
Prudent Corporate Advisory Services Ltd IPO opens on May 10, 2022 and closes on May 12, 2022.
The allotment date of Prudent Corporate Advisory Services Ltd IPO is May 18, 2022.
Prudent Corporate Advisory Services Ltd IPO is expected to be listed on May 20, 2022, on BSE and NSE .
Prudent Corporate Advisory Services Ltd IPO listed on May 20, 2022. It was issued at ₹650.0 (NSE) and is currently around ₹2750.00 as on 14-May-2026 3:30 PM, which is approximately 336.5% versus issue price. The 52-week high is ₹3,098.00.
Based on listing and post-listing performance, Prudent Corporate Advisory Services Ltd IPO delivered around 336.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Prudent Corporate Advisory Services Ltd IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Prudent Corporate Advisory Services Ltd IPO valuation snapshot: P/E 57.48, EPS ₹10.96/-, P/B N/A, RoNW 28.73%, and market cap N/A.
To apply for Prudent Corporate Advisory Services Ltd IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Prudent Corporate Advisory Services Ltd IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Prudent Corporate Advisory Services Ltd IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Prudent Corporate Advisory Services Ltd IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Prudent Corporate Advisory Services Ltd IPO allotment status on IPO Ji for quick and easy access.