The initial public offering (IPO) of Prudent Corporate Advisory Services will take place on May 10, 2022, and will end on May 12, 2022. The first public offering (IPO) bid period for Prudent Corporate Advisory Services will run from May 10, 2022, at 10:00 a.m., to May 12, 2022, at 5:00 p.m. The UPI Mandate confirmation deadline is noon on the next working day after the issue is closed.
|Prudent Corporate Advisory Services IPO Date
||May 10, 2022 to May 12, 2022
|Prudent Corporate Advisory Services IPO Face Value
||₹5 per share
|Prudent Corporate Advisory Services IPO Price
||₹595 to ₹630 per share
|Prudent Corporate Advisory Services IPO Lot Size
||8,549,340 shares of ₹5
(aggregating up to ₹538.61 Cr)
Prudent Corporate Advisory Services Ltd. has been selling a wide range of financial goods and services to clients for more than two decades. The company was founded in 2000 and has since grown to become one of India’s fastest-growing financial services companies. The company reported sales of 295 crores in 2021, up from 236 crores in 2020, according to the company. The first public offering (IPO) price range is set at 595 to 630 rupees per equity share. The NSE and BSE will both list the Prudent Corporate IPO.
Today’s Prudent Corporate IPO GMP
Prudent Corporate is the fastest growing national distributor (among the top ten mutual fund distributors) in terms of commissions and assets under management (AAUM), with CAGRs of 34.4 percent and 32.5 percent, respectively, for the five years ending in Fiscal 2021.
We believe they have become a vital link between asset management firms (“AMCs”) and mutual fund distributors or independent financial advisers (“MFDs”) over the last two decades (and, by extension, between ordinary investors who use the services of such MFDs). They are an independent platform, according to their financial filings, with no single AMC contributing more than 15% of our total AUM as of May 31, 2021.
Prudent corporate initial public offering (IPO) with a total issue size of 537.93 crores, consisting of a new issue of – crores and an offer for sale of 537.93 crores, with an issue price range of 595-630 per share. The NSE and BSE will soon list the Prudent Corporate Initial Public Offering (IPO).
The GMP for Prudent Corporate Advisory’s initial public offering (IPO) is INR30 per share today, compared to INR595–630 per share yesterday. The projected listing price for Venus Pipes’ initial public offering (IPO) is INR660 per share, based on current GMP.
Because the IPO grey market is unregulated and extremely volatile, it should not be used as the only basis for deciding whether or not to invest in an initial public offering (IPO). Investors can evaluate various other considerations before deciding whether or not to participate in the Prudent Corporate Advisory IPO, such as the company’s financial performance and worth.
Prudent Business Competitive Advantages
- The company operates in the underdeveloped Indian asset management sector, which has grown at a CAGR of more than 20% in recent years.
- The number of independent financial product distribution platforms is growing.
- The business has a granular retail AUM with a mix that is biassed toward high-yield equities AUM, according to the company.
- Increased involvement and a long-standing relationship with MFDs and other financial institutions have emerged from the value offer.
- Investec has a long record of using technology and innovation to improve the investor and partner experience.
- A varied distribution network that stretches across the country and has the ability to expand into neglected B-30 areas.
About Prudent Corporate Practices
Prudent Corporate Advisory Services Limited was established in 2003 to provide retail wealth management services. Prudent Corporate Advisory Services is a provider of investment and financial services platforms for selling financial goods through both online and offline channels, according to their website. Prudent Corporate Advisory Services is among the top 10 mutual fund distributors in the United States in terms of average assets under management (AUM) as of 2020.
As of December 31, 2021, PCAS asset management services were provided to 13,51,274 unique retail investors through 23,262 channel partners on the B2B2C network, which was divided throughout 110 branches in 20 Indian states. Furthermore, the company has distributorship agreements with 42 AMCs.
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