India’s fastest growing financial services company Prudent Corporate IPO will open on 10 May 2022 and closes on 12 May 2022. The company wants to raise ₹537.93 crore through this IPO. The IPO will have a fresh issue of ₹- crore and an offer for sale of ₹537.93 crore. The company fixed the price band of this IPO at ₹595 to ₹630 Per Share. The company has reserved 50% for QIB, 35% for retail and 15% for NII in this IPO. You can check here to know Prudent Corporate IPO GMP and Prudent Corporate IPO subscription status here.
Prudent Corporate advisory service one of the largest independent retail wealth management services group (excluding banks and brokers) in India and are amongst the top mutual fund distributors in terms of average assets under management (“AAUM”) and commission received (Source: CRISIL Report). The company offer a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels.
Prudent Corporate the fastest growing national distributor (amongst the top 10 mutual fund distributors) in terms of commission and AAUM with a CAGR of 34.4% and 32.5% respectively for the five year period ending Fiscal 2021 (Source: CRISIL Report). We believe we have become an important interface between asset management companies (“AMCs”) and mutual fund distributors or independent financial advisors (“MFDs”) (and by extension, retail investors who avail services from such MFDs), over the last two decades. We are an independent platform with no single AMC contributing more than 15% of our AUM as of May 31, 2021.
| Read also: Upcoming IPO List 2022 |
Company Strengths ;
- We operate in an underpenetrated Indian asset management industry, that has grown at a CAGR of more than 20%.
- We are one of the largest and fastest growing financial products distribution platforms.
- We have a granular retail AUM with a mix skewed towards high-yield equity AUM
- Our value proposition has led to increased participation and long-standing relationship with MFDs
- We have a track record of innovation and use of technology to improve investor and partner experience
- We have a pan-India diversified distribution network with ability to expand into underpenetrated B-30 markets
- We have demonstrated a consistent track record of profitable growth due to a highly scalable, asset-light and cash generative business model
- We have an experienced management team and are backed by a global investor
Prudent Corporate IPO Review :
■ Apply For long Term
Prudent Corporate IPO Date & Price Band & Details :
| IPO Open : | 10 May 2022 |
| IPO Close : | 12 May 2022 |
| IPO Size : | ₹537.93. Cr |
| Face Value : | ₹5. Equity Share |
| Price Band : | ₹595–₹630 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹537.93. Cr |
| Fresh Issue : | ₹-. Cr |
| Offer For Sale : | ₹537.93. Cr |
| EMP Discount : | ₹59 Per Share |
Prudent Corporate IPO Market Lot :
Prudent Corporate IPO Minimum Market lot is 1 Lot with 23 shares with ₹14,490 Application amount. The retail investors can apply up to 13 lots with 299 Shares or ₹188,370 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 23 Shares |
| Minimum Amount : | ₹14,490 |
| Maximum Lot Size : | 13 Lot |
| Maximum shares : | 299 Shares |
| Maximum Amount : | ₹188,370 |
Prudent Corporate IPO Shares Offer :
A Total of 85,49,340 shares are to be bid for the public issue by Prudent Corporate IPO with – for Fresh issue and 85,49,340 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | – | ₹- Cr |
| Offer For Sale : | 85,49,340 | ₹537.93 Cr |
| Total : | 85,49,340 | ₹537.93 Cr |
Prudent Corporate IPO Reservation :
Prudent Corporate IPO Total Reservation of 85,49,340 shares are to be bid for the public issue by Prudent Corporate IPO with 42,17,753 for QIB and 12,65,326 for NII 29,52,426 For RII & 1,13,835 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 42,17,753 | ₹265.72 Cr |
| NII : | 15% | 12,65,326 | ₹79.71 Cr |
| RII : | 35% | 29,52,426 | ₹186.00 Cr |
| EMP : | – % | 1,13,835 | ₹6.50 Cr |
| Total : | 100% | 85,49,340 | ₹537.93 Cr |
Prudent Corporate IPO EPS :
The Prudent Corporate company’s EPS growth is an Increasing every year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) |
| 2021 | ₹10.96 |
| 2020 | ₹6.74 |
| 2019 | ₹5.08 |
Prudent Corporate IPO Peer Comparison PE :
The Prudent Corporate, According to DRHP of the company only two company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | IIFL Wealth Management | 39.00 |
| 2. | ICICI Securities Ltd | 21.40 |
| 3. | Central Depository Services Ltd | 69.70 |
| 4. | Computer Age Management Services Limited | 78.30 |
| 5. | HDFC Asset Management Company Limited | 47.00 |
| 6. | Nippon Life India Asset Management Ltd | 36.50 |
| 7. | UTI Asset Management Company Ltd | 26.00 |
Prudent Corporate IPO Dates :
Prudent Corporate IPO Date is 10 May 2022 and closes on 12 May 2022. The allotment will be finalized on 18 May 2022 and the IPO may list on 23 May 2022.
| Open Date : | 10 May 2022 |
| Close Date : | 12 May 2022 |
| Allotment Date : | 18 May 2022 |
| Refund Date : | 19 May 2022 |
| Share Credit Date : | 20 May 2022 |
| Listing Date : | 23 May 2022 |
Prudent Corporate IPO Form :
There are two ways to apply in Prudent Corporate IPO. You can apply for Prudent Corporate IPO through ASBA available in your bank account. You have to go to your online bank login and select Prudent Corporate IPO in the Invest section and apply through your bank account. Another option is you can apply for Prudent Corporate IPO through IPO form download through NSE and BSE. See the Prudent Corporate IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Prudent Corporate Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| 2021 | ₹2,948.96 | ₹2,343.72 | ₹452.97 |
| 2020 | ₹2,362.20 | ₹1,987.86 | ₹278.53 |
| 2019 | ₹2,250.58 | ₹1,944.87 | ₹210.19 |
| Read also:- Rights issue list 2022 |
Company Promoters :
■ Sanjay Shah
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Prudent Corporate IPO Lead Managers :
■ ICICI Securities Limited
■ Axis Capital Limited
■ Equirus Capital Private Limited
Prudent Corporate IPO Registrar :
Link Intime India Private Limited
C 101, 247 Park L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra
Tel: +91 22 4918 6200
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Prudent Corporate IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
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
E-mail: [email protected]
Website: www.prudentcorporate.com
Prudent Corporate IPO FAQs :
What is Prudent Corporate IPO?
Prudent Corporate IPO is Mainboard IPO. They are going to raise ₹537.93. Crores via IPO. The issue is priced at ₹595-₹630 per equity share. The IPO is to be listed on NSE, BSE.
When Prudent Corporate IPO will open?
The IPO is to open on 10 May 2022 and closes on 12 May 2022 for QIB, NII & RII.
What is Prudent Corporate IPO Size?
Prudent Corporate IPO size is ₹537.93- Crores.
What is the Fresh issue size of Prudent Corporate IPO?
The Fresh issue size of Prudent Corporate IPO ₹0 Cr.
What is the Offer For Sale size of Prudent Corporate IPO?
The Offer For Sale size of Prudent Corporate IPO ₹537.93 Cr.
What is Prudent Corporate IPO Price Band?
Prudent Corporate IPO Price Band is ₹595-₹630 Per share.
What is Prudent Corporate IPO Minimum and Maximum Lot Size?
The minimum 23 Shares with ₹14,490 amount while the maximum 299 shares with ₹188,370.
What is Prudent Corporate IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Prudent Corporate IPO Allotment Date?
Prudent Corporate IPO allotment date is 18 May 2022.
What is Prudent Corporate IPO Listing Date?
Prudent Corporate IPO listing date is 23 May 2022. The IPO to list on NSE, BSE.
How to Apply the Prudent Corporate IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Prudent Corporate IPO”. 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.
How to Apply the Prudent Corporate IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Prudent Corporate IPO”. 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.
How to Apply the Prudent Corporate IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Prudent Corporate IPO”. 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.
How to Apply the Prudent Corporate IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Prudent Corporate IPO”. 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.
| Prudent Corporate IPO GMP: Click Here Prudent Corporate IPO Subscription: Click Here Prudent Corporate IPO Allotment: Click Here Prudent Corporate IPO Listing: Click Here |
All Prudent Corporate IPO-related links are available here. If you want to know the details then click on Click Here Link.
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