PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO was launched on 10-May-22. Here is all you need to know about this IPO.
Prudent Corporate was founded by Mr Sanjay Shah in 2000. Today this Mutual Fund Distribution (MFD) company is on the list of top 10 MFDs in terms of assets under management and commission received. Along with mutual funds services, it provides services related to Insurance, Equities, Bonds, Portfolio Management, Alternative Investment Fund, Fixed Income Products, Properties, and Loan Products.
PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO Details | |
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Issue Opening Date | 10-May-22 |
Issue Closing Date | 12-May-22 |
Issue Type | ONLY OFFERS FOR SALE |
Issue Size (INR bn) | 4.3 |
Fresh Issue (No.of shares) | - |
Offer for Sale (No.of shares) | 6,808,820 |
Face Value (INR) | 5.00 |
IPO Price Band (INR) | 595 to 630 |
Market Lot (No.of shares) | 23 |
Min Order Quantity | 23 |
Listing At | BSE / NSE |
Pricing Method | BOOKBUILDING |
Year of Incorporation | 2003 |
Industry | FINANCIAL SERVICES/INVESTMENTS |
Total Issue Size (No.of shares) | 6,808,820 |
Objects Of Issue | COMPANY WILL NOT RECEIVE ANY PROCEEDS FROM THE OFFER |
Registrar Details | LINK INTIME INDIA PVT.LTD. |
PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO Timetable | |
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Bid/Offer Launch Date | 10-May-22 |
Bid/Offer Close Date | 12-May-22 |
Basis of Allotment Finalization Date | - |
Initiation of Refunds | - |
Credit of Shares to Demat Account | - |
Listing Date | 20-May-22 |
PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO Shares Offered | |
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Category | Shares Offered |
QIB | 4,217,752 |
HNI | 1,265,326 |
Retail | 2,952,427 |
Employee | 113,835 |
Others | - |
Total | 6,808,820 |
PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO Promoter Holding | |
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Pre Issue Share Holding | 57% |
Post Issue Share Holding | 57% |
PRUDENT CORPORATE ADVISORY SERVICES LTD. Overall Subscription details (Times subscribed) | |
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Category | Subscription Status |
QIB | 1.57 |
HNI | 0.74 |
Retail | 0.37 |
Employee | 1.01 |
Others | - |
Total | 1.03 |
PRUDENT CORPORATE ADVISORY SERVICES LTD. Date wise Subscription | |||||||
---|---|---|---|---|---|---|---|
Date | QIB | HNI | Retail | Employee | Mutual Funds | Others | Total |
Day 1 (10-May-22) | - | 0.02 | 0.72 | 0.35 | - | - | 0.55 |
Day 2 (11-May-22) | - | 0.19 | 1.05 | 0.67 | - | - | 0.69 |
Day 3 (12-May-22) | 0.16 | 0.99 | 1.29 | 1.23 | 22.11 | - | 1.15 |
PRUDENT CORPORATE ADVISORY SERVICES LTD. Financials | ||||
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Year Ending | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 | |
Total Income | (Rs m) | 2,054.70 | 1,997.70 | 2,483.10 |
Total Expenditure | (Rs m) | 1,711.20 | 1,701.60 | 2,063.70 |
Net Profit After Tax | (Rs m) | 257.00 | 218.50 | 257.00 |
Company Address | PRUDENT HOUSE, 3,DEVANG PARK SOCIETY,PANJARAPOLE CROSS ROAD, AMBAWADI, AHMEDABAD 380015, GUJARAT |
Data Sourced from:
primedatabase.com is India's first and still the only database dedicated to the primary capital market. Started in 1989, Prime
continues to be the single source of comprehensive information on all capital market offerings.
Below is the schedule for the same:
PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO
IPO opens on: 10-May-22
IPO closes on: 12-May-22
The lot size of PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO is 23 shares. Investors will need to apply for a minimum order of 23 shares and in multiples thereof.
An investor can apply in PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO online using either UPI or Application Supported by Blocked Amount (ASBA) as payment method.
While ASBA IPO application is available in the net banking section, UPI IPO application is offered by brokers who don't offer banking services.
The tentative finalization of basis of allotment for PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO will be done on -, and the allotted shares will be credited to your demat account by -.
The tentative listing date of PRUDENT CORPORATE ADVISORY SERVICES LTD. IPO is scheduled for 20-May-22.
Shares of PRUDENT CORPORATE ADVISORY SERVICES LTD. are expected to list on BSE / NSE.
At present, one share of PRUDENT CORPORATE ADVISORY SERVICES LTD. has a face value of Rs 5.00.
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