IPO

Prudent Corporate Advisory Services Ltd IPO

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Finance - Others

Listed On: May 20, 2022 at ₹ 650.0 (NSE)

₹ 14490 /23 Shares

Check Allotment

10 May, 2022

Open Date

12 May, 2022

Close Date

18 May, 2022

Allotment Date

20 May, 2022

Listing Date
Price Summary

Last Closing

2,700.00 (328.57%)

52 Week High

3,098.00

52 Week Low

1,570.00

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price 595-630 per equity share
  • Face Value ₹5 Per Equity Share
  • Issue Price 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 2022-05-20
  • Lead Manager ICICI Securities Limited ,Axis Capital Limited, Equirus Capital Private Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 1,28,360 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹595-630 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from May 10, 2022 and ends on May 12, 2022. The allotment for IPO will be finalized on May 18, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 20, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited ,Axis Capital Limited, Equirus Capital Private Limited.


The IPO sets its price band at 595-630 for each share. A single application for Prudent Corporate Advisory Services Ltd IPO must contain at least 23 shares.

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IPO Subscription Analysis And Details
Retail
1.29x
QIB
1.26x
NII
0.99x
Total
1.22x
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 0.02 0.72 x 0.35 x 0.36 x
Day 2 11-05-22 05:00 PM
0.00 x 0.19 1.05 x 0.67 x 0.57 x
Day 3 12-05-22 05:00 PM
1.26 x 0.99 1.29 x 1.23 x 1.22 x
Total No of Applications
153381
Valuations
Earnings Per Share (EPS) ₹10.96/-
P/E Ratio 57.48
RoNW 28.73%
Net Asset Value (NAV) - As on 31.12.21 ₹51.95
Company Financials
In Crs.
In Cr.
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
About Company

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.

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- Promoter(s)

Sanjay Shah

Pre Issue Share Holding : 56.78%

Post Issue Share Holding : 56.78%

IPO - Issue Objectives
1

The company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.

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.