Prudent Corporate IPO is going to hit the market on May 10, 2022, and closes on May 12, 2022, as per the market news. The company is to raise ₹538.61 crores (approx) via an initial public offer with a face value of ₹5 per equity share.
Prudent Corporate has filed preliminary papers with capital market regulator SEBI to raise funds worth ₹[.] crores via a public issue that comprises a fresh issue of ₹[.] crores and offer for sale up to 8,281,340 equity shares of ₹5 each. The retail quota is 35% with QIB 50% and HNI 15%. 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.
Competitive Strengths:
- The company operates in an underpenetrated Indian asset management industry, that has grown at a CAGR of more than 20%.
- Growing independent financial products distribution platforms.
- The company has a granular retail AUM with a mix skewed towards high-yield equity AUM.
- The value proposition has led to increased participation and a long-standing relationship with MFDs.
- The company has a track record of innovation and the use of technology to improve investor and partner experience.
- Pan-India diversified distribution network with the ability to expand into underpenetrated B-30 markets.
Check out Prudent Corporate IPO and GMP details.
Prudent Corporate IPO Date & Price Band:
| IPO Opening Date | May 10, 2022 |
| IPO Closing Date | May 12, 2022 |
| Delhivery IPO Face Value | ₹5 per share |
| Delhivery IPO Price | ₹595 to ₹630 per share |
| Delhivery IPO Lot Size | 23 Shares |
| Issue Size | 8,549,340 shares of ₹5 (aggregating up to ₹538.61 Cr) |
| Offer For Sale | 8,549,340 shares of ₹5 (aggregating up to ₹538.61 Cr) |
| Employee Discount | ₹59 Per Share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
| Company Promoters | Sanjay Shah is the company's promoter. |
Prudent Corporate IPO Tentative Timetable
Prudent Corporate IPO opens on May 10, 2022, and closes on May 12, 2022. The Prudent Corporate IPO bid date is from May 10, 2022, 10.00 A.M. to May 12, 2022, 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| IPO Open Date | May 10, 2022 |
| IPO Close Date | May 12, 2022 |
| Basis of Allotment Date | May 18, 2022 |
| Initiation of Refunds | May 19, 2022 |
| Credit of Shares to Demat Account | May 20, 2022 |
| IPO Listing Date | May 23, 2022 |
Prudent Corporate IPO Market Lot:
The Prudent Corporate IPO lot size 23 shares. A retail-individual investor can apply for up to 13 lots ( 299 shares or ₹188,370).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 23 | ₹14,490 |
| Maximum | 13 | 299 | ₹188,370 |
Prudent Corporate Company Financial:
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 3,873.40 | 2,849.30 | 1,960.75 | 1,932.15 |
| Total Revenue | 3,279.98 | 2,948.96 | 2,362.20 | 2,250.58 |
| Profit After Tax | 576.28 | 452.97 | 278.53 | 210.19 |
Prudent Corporate IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for Prudent Corporate IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
Read Also:-
- Prudent Corporate IPO GMP (Grey Market Premium)
- Prudent Corporate IPO Subscription Status
- Prudent Corporate IPO Allotment Status
Prudent Corporate IPO Form:
How to apply for the Prudent Corporate IPO? You can apply for Prudent Corporate IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Prudent Corporate IPO in the Invest section. The other option is you can apply to Prudent Corporate IPO via IPO forms downloaded via NSE and BSE. Check out the Prudent Corporate IPO forms - click NSE Forms & BSE Forms blank Prudent Corporate IPO forms download, fill, and submit in your bank or with your broker.
Prudent Corporate IPO Registrar:
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: dprudent.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail:
prudent.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Prudent Corporate IPO Lead Managers:
- ICICI Securities Limited
- Axis Capital Limited
- Equirus Capital Private Limited
Prudent Corporate Company Address:
Prudent Corporate Advisory Services Limited
Prudent House, 3 Devang Park Society
Panjarapole Cross Road, Ambawadi
Ahmedabad 380 015, Gujarat
Tel: +91 79 4020 9600
Contact Person: Dhavalkumar Ghetia
Company Secretary and Compliance Officer
E-mail: cs@prudentcorporate.com
Website: www.prudentcorporate.com
Prudent Corporate IPO FAQs
What is Prudent Corporate IPO?
Prudent Corporate IPO is a main-board IPO. They are going to raise ₹538.61 Crores via IPO. The issue price band is ₹595 to ₹630 per equity share. The IPO is to be listed on BSE & NSE.
When Prudent Corporate IPO will open?
The IPO is to open on May 10, 2022, for QIB, NII, and Retail Investors.
What is Prudent Corporate IPO Investors Portion?
The investors' portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Prudent Corporate IPO?
You can apply for Prudent Corporate IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Prudent Corporate IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Prudent Corporate". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Prudent Corporate IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Prudent Corporate". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - the mandate. Open Demat Account with Upstox.
How to Apply the Prudent Corporate IPO through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name "Prudent Corporate". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
What is Prudent Corporate IPO Size?
Prudent Corporate IPO size is ₹538.61 crores.
What is the Prudent Corporate IPO Price Band?
Prudent Corporate IPO Price Band is ₹595 to ₹630 per equity share.
What is Prudent Corporate IPO Minimum and Maximum Lot Size?
The minimum bid is 13 shares with ₹14,490 amount while the maximum bid is 299 shares with ₹188,370.
What is the Prudent Corporate IPO Allotment Date?
The prudent Corporate IPO allotment date is May 18, 2022.
What is the Prudent Corporate IPO Listing Date?
Prudent Corporate IPO listing date is May 23, 2022. The IPO is to list on BSE and NSE.
