PRUDENT CORPORATE ADVISORY SERVICES LIMITED
₹ 595 - ₹ 630
10-May-2022 - 12-May-2022
₹ 14490.00

/ 23 Shares

PRUDENT CORPORATE ADVISORY SERVICES LIMITED

10-May-2022 - 12-May-2022

₹ 595 - ₹ 630

Price Band

₹ 14490.00

Minimum Investment

23

Bid Lot

8,549,340

Shares

IPO Details

Offer for Sale of 8,549,340 Equity Shares

Category % Shares/Amount
QIB 50% 4,217,752 Shares Rs 265.72 Cr
HNI 1 5% 421,775 Shares Rs. 26.57 Cr @1310 Forms 1x
HNI 2 10% 843,551 Shares Rs. 53.14 Cr @2619 Forms 1x
Retail 35% 2,952,427 Shares Rs. 186.00 Cr @98414 Forms 1x
Employee 0% 113,835 Shares Rs. 6.50 Cr

BRLMs : Axis Capital, ICICI Securities, Equirus Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
98414 1310 2619

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 23 ₹ 14,490
Retail (Upto 2 Lakh) 13 299 ₹ 188,370
S-HNI (2 Lakh to 10 Lakh) 14 322 ₹ 202,860
S-HNI (2 Lakh to 10 Lakh) 69 1587 ₹ 999,810
B-HNI (Above 10 Lakh) 70 1610 ₹ 1,014,300

IPO Timeline

  • Open Date

    10-May-2022

  • Close Date

    12-May-2022

  • Basis of Allotment Date

    18-May-2022

  • Initiation of Refunds

    19-May-2022

  • Credit Shares to Demat A/c

    20-May-2022

  • IPO Listing Date

    23-May-2022

Subscription as on
12-May-2022 19:53

Category Book Size Subscription No. of Times
QIB 1,687,101 ₹ 106.29 Cr. 2,121,566 ₹ 133.66 Cr. 1.26x
HNI (<10 LAKH) 1,265,326 ₹ 79.72 Cr. 1,258,169 ₹ 79.26 Cr. 0.99x
RETAIL 2,952,427 ₹ 186.00 Cr. 3,811,744 ₹ 240.14 Cr. 1.29x
EMP 113,835 ₹ 7.17 Cr. 139,449 ₹ 8.79 Cr. 1.23x
Total 6,018,689 7,330,928 1.22x
Category Book Size Subscription No. of Times
QIB 1,687,101 ₹ 106.29 Cr. 2,121,566 ₹ 133.66 Cr. 1.26x
HNI (<10 LAKH) 1,265,326 ₹ 79.72 Cr. 1,258,169 ₹ 79.26 Cr. 0.99x
RETAIL 2,952,427 ₹ 186.00 Cr. 3,811,744 ₹ 240.14 Cr. 1.29x
EMP 113,835 ₹ 7.17 Cr. 139,449 ₹ 8.79 Cr. 1.23x
Total 6,018,689 7,330,928 1.22x

*Excluding Anchor

Total No. of Application Approx : ~152474 (1.55 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Prudent Corporate Advisory Services Limited (“Prudent Corporate”) was incorporated on June 4, 2003. The company is an independent retail wealth management services group and is amongst the top mutual fund distributors in terms of average assets under management (“AAUM”) and commission received. They have become an important interface between asset management companies (“AMCs”) and mutual fund distributors or independent financial advisors (“MFDs”).
  • As on December 31, 2021, their assets under management from the mutual fund distribution business (“AUM”) stood at ? 48,411.47 crore with 92.14% of their total AUM being equity oriented
  • As on December 31, 2021, they provided wealth management services to 1,351,274 unique retail investors through 23,262 MFDs on their business-to-business-to-consumer (“B2B2C”) platform and are spread across 110 locations in 20 States. Also, the number of AMFI Registration Number (“ARN”) holders empanelled with them stood at 23,262, representing 18.46% of the industry.
  • The company has highly scalable, asset-light and cash generative business model.
  • The shares will be listed on BSE and NSE.
  • Prudent Corporate has following Platforms:
    • Fundzbazar is an online investment platform offers variety of investment products
    • PrudentConnect is a virtual office for all MFDs registered with the company which provides end-to-end support for MFDs for various processes
    • Policyworld is an online insurance platform offers completely paperless transactions for variety of insurance solutions
    • WiseBasket an online facility to invest in multiple model stock portfolios
    • Prubazaar provides the facility to the clients to buy/sell equities through web portal or mobile app
    •  CreditBasket portal offering finance to customers through a wide range of retail loan products and credit card products for varying financial needs
Read More

Strengths

  • Operates in an underpenetrated Indian asset management industry that has grown at a CAGR of more than 20%;
  • The growing independent financial products distribution platforms;
  •  A granular retail AUM with a mix skewed towards high-yield equity AUM;
  • The value proposition has led to increased participation and long-standing relationship with MFDs;
  • The track record of innovation and use of technology to improve investor and partner experience;
  • The pan-India diversified distribution network with ability to expand into underpenetrated B-30 markets;
  • Consistent track record of profitable growth due to a highly scalable, asset-light and cash generative business model;
  •  An experienced management team and are backed by a global investor.

Company Promoters

Sanjay Shah is the Chairman and Managing Director of the company hirish Patel is the Whole-time Director and the Chief Executive Officer of the company Chirag Shah is the Whole-time Director of the company Dhiraj Poddar is the Non-executive Director of the Company, Deepak Sood is the Independent Director of the company. Karan Kailash Datta is the Independent Director of the company Shilpi Thapar is the Independent Director of the company. Aniket Talati is the Independent Director of the c

Company Financials

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

Objects of the Issue

The company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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