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Open
10 May 2022
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Close
12 May 2022
3
Allotment
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Listing
Fri, May 20, 2022
Price Band
₹595 to ₹630
Issue Size
68,08,820 shares (agg. up to ₹428 Cr)
Lot Size
23 Shares
Listing Date
Fri, May 20, 2022
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.03x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 387.34 | 284.93 | 196.08 | 193.22 |
| Total Income | 328.00 | 294.90 | 236.22 | 225.06 |
| Profit After Tax | 57.63 | 45.30 | 27.85 | 21.02 |
| EBITDA | 81.50 | 61.91 | 46.67 | 38.21 |
| NET Worth | 157.65 | 112.52 | 83.10 | |
| Reserves and Surplus | 194.10 | 156.61 | 111.48 | 82.33 |
| Total Borrowing | 33.00 | 2.61 | 7.76 | 22.87 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Anand Rathi Wealth Ltd. | Mainboard | ₹659.38 Cr | ₹550 | null | ₹583.55 | +6.10% | ₹2,072.70 (-0.22%) |
About Prudent Corporate Advisory IPO
Incorporated in 2003, 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. As of December 31, 2021, Prudent Corporate Advisory Services provided wealth management services to 13,51,274 unique retail investors through 23,262 channel partners on the business-to-business-to-consumer (B2B2C) network, which is spread across 110 branches in 20 Indian states. The company is also associated as a distributor with 42 AMCs. Prudent Corporate Advisory Services Limited is one of India's leading independent and fast
Contact Details
Prudent Corporate Advisory Services Ltd. AddressPrudent House, 3 Devang Park SocietyPanjarapole Cross RoadAmbawadiAhmedabad, Gujarat, 380015+91 79 4020 9600cs@prudentcorporate.comVisit Website