Prudent Corporate Advisory Services IPO Date, Lot Size and Price Band

Prudent Corporate Advisory Services has set a three-day IPO pricing range of Rs. 595 to Rs. 630 per share. On Tuesday, May 10, 2022, the retail wealth management company’s initial share sale will begin and end on Thursday, May 12, 2022.

An offer for sale (OFS) of 82,81,340 equity shares by Wagner Ltd and up to 2,68,000 equity shares by Shirish Patel make up the initial share-sale of 85,49,340 equity shares. The IPO will raise about Rs. 538.6 crore at the top end of the price range.

Prudent Corporate Advisory Services IPO

Prudent Corporate Advisory Services IPO Details

IPO Opening DateMay 10, 2022
IPO Closing DateMay 12, 2022
Price BandRs. 595 to Rs. 630 per share
Lot Size23 Shares
Issue Size (Rs. Cr.)8,549,340 shares of Rs. 5 (aggregating up to Rs.538.61 Cr)
Face ValueRs. 5 per equity share
Issue TypeBook Built Issue IPO
Employee DiscountRs. 59 per share
Exchange BoardBSE, NSE
Offer for Sale8,549,340 shares of Rs. 5 (aggregating up to Rs. To be announced Cr)
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Basis of Allotment DateMay 18, 2022
Initiation of RefundsMay 19, 2022
Credit of Shares to Demat AccountMay 20, 2022
Delhivery IPO Listing DateMay 23, 2022

Prudent Corporate Advisory Services IPO Date

On May 10, 2022, the company will launch its first public offering. This IPO will be open for subscriptions until May 12th 2022. On May 9, 2022, bids for anchor investors will be accepted.

Prudent Corporate Advisory Services IPO Price

Prudent Corporate Advisory Services has announced a price range of Rs 595-630 per equity share with a face value of Rs 5 for its IPO (Initial Public Offering).

Prudent Corporate Advisory Services IPO Issue Size and Lot Size

The offer will raise Rs 538.60 crore for the company and lot size 23 Shares. The IPO lot size for Prudent Corporate Advisory Services is 23 shares. An individual retail investor can apply for up to 13 lots (299 shares or 188,370 dollars). Wagner Limited, an investor with a 40% stake in the pre-offer capital, will discharge 82,81,340 equity shares from the OFS. Wagner Limited is a group firm, according to RHP of Prudent Corporate Advisory. Shirish Patel, the other selling stakeholder, reduced his holdings by selling 2,68,000 equity shares.

Prudent Corporate Advisory Services IPO Allotment Date and Listing Date

The Basis of Allotment of Prudent Corporate Advisory Services IPO date is May 18, 2022. Prudent Corporate Advisory Services IPO Listing Date is May 23, 2022.

About Prudent Corporate Advisory Services Limited IPO

Prudent Corporate Advisory Services Limited, founded in 2003, specialises in retail wealth management. Mutual Funds, Life and General Insurance, Stock Broking, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading Platforms are all available through the organisation.

FundzBazar, PrudentConnect, Policyworld, WiseBasket, and CreditBasket are among the company’s digital wealth management (DWM) systems.

Prudent Corporate Advisory Services provides investment and financial services platforms for the online and offline distribution of financial goods. As of FY21, Prudent Corporate Advisory Services is one of the top ten mutual fund distributors in terms of average assets under management (AUM).

Prudent Corporate Advisory Services offers wealth management services to 13,51,274 unique retail investors through 23,262 channel partners on the B2B2C network, which is located over 110 branches in 20 Indian states, as of December 31, 2021. The company also works with 42 AMCs as a distributor.

Prudent Corporate Advisory Services Limited is one of India’s largest and fastest-growing independent financial services companies. The organisation has grown to serve 16,356 PIN numbers across the country. As of December 31, 2021, Prudent Corporate Advisory Services had 1,067 workers, 35.05 lakhs live folios, and 15.25 lakhs live SIPs.

Promoters of Delhivery IPO

Promoters of Prudent Corporate Advisory Services IPO is Sanjay Shah.


You may also read about: What is CDSL TPIN?


FAQs of Prudent Corporate Advisory Services IPO

What is Prudent Corporate Advisory Services IPO?

Prudent Corporate Advisory Services IPO is a main-board IPO of 8,549,340 equity shares with a face value of 5 and a total market capitalization of Rs.538.61 crores. The issue will be priced between Rs. 595 and Rs. 630 per share. A minimum order quantity of 23 shares is required.

The IPO opens on May 10, 2022, and closes on May 12, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Prudent Corporate Advisory Services IPO will open?

The Prudent Corporate Advisory Services IPO opens on May 10, 2022 and closes on May 12, 2022.

What is the lot size of Prudent Corporate Advisory Services IPO?

Prudent Corporate Advisory Services IPO lot size is 23 Shares and the minimum order quantity is 23.

How to apply for Prudent Corporate Advisory Services IPO?

You can apply for the Delhivery Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Prudent Corporate Advisory Services IPO allotment?

The finalization of Basis of Allotment for Prudent Corporate Advisory Services IPO will be done on May 18, 2022, and the allotted shares will be credited to your demat account by May 20, 2022.

When is Prudent Corporate Advisory Services IPO listing date?

The Prudent Corporate Advisory Services IPO listing date is not yet announced. The tentative date of Prudent Corporate Advisory Services IPO listing is May 23, 2022.

Who is the registrar of Prudent Corporate Advisory Services IPO?

Link Intime India Private Ltd is the registrar for Prudent Corporate Advisory Services IPO..

What is Prudent Corporate Advisory Services IPO Price Band?

Prudent Corporate Advisory Services IPO price band is Rs. 595 to Rs. 630 per equity share.