Prudent Corporate Logo

Prudent Corporate Advisory Services Limited

PRUDENT

595-630

per share
Bidding Dates
10-12 May
Min. Investment
₹13,685.00
Lot Size
23 shares
Issue Size
₹538 Cr
IPO Timeline
Bidding starts
10 May ‘22
Bidding ends
12 May ‘22
Allotment finalisation*
18 May ‘22
Refund initiation*
19 May ‘22
Demat transfer
20 May ‘22
Listing
23 May ‘22
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

 

How to check Prudent Corporate IPO allotment status?

When the allotment process is complete, you can check the status of your application on the Upstox app. 

Here’s a step-by-step guide on how to check Prudent Corporate IPO allotment status:

  1. Login to Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the Invest in IPO section
  4. Under the Invest in IPO section, you will find ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your allotment status will be mentioned

Allotment Status

 

 

Prudent Corporate Advisory Services Limited

In the 2000s, the dot-com bubble had sent the stock markets tumbling and the Ketan Parekh scam had scarred investors. Amid such volatile times, retail wealth management company Prudent Corporate Advisory was born out of chartered accountant Sanjay Shah’s passion for the stock markets. After staying put through the initial period of stock market volatility, this Ahmedabad-based company has steadily grown over the last 21 years. As of December 2021, its assets under management (AUM) from mutual fund distribution stood at ₹48,411 crore. It caters to more than 13.5 lakh clients across India.

Now, this company is all set to launch its public issue. Prudent Corporate IPO will be open for subscription between 10 May and 12 May.

Here are the key details about the Prudent Corporate Advisory Service IPO.   

 Financial snapshot

  FY19 FY20 FY21
Revenue from Operations 221.9 crore 234.8 crore 286.5 crore
Net Profit 21.0 crore 27.8 crore 45.2 crore

 

 

Strengths

  1. Fastest growing national mutual fund distributor in terms of commission and average assets under management (AAUM) – growing at 34% and 32% CAGR, respectively
  2. A pan-India presence through a strong network of 23,262 mutual fund distributors (MFDs) 
  3. A well-diversified customer-base with 20% retail investors based out of B-30 markets (beyond top 30 cities) 
  4. Distributes life and general insurance products in India through its wholly owned subsidiary, Gennext
  5. Operates in an underpenetrated asset management sector. As of FY21, mutual fund AUM as a percentage of GDP stood at 15%
  6. 92% of its AUM is equity-oriented. Focus on SIP (systematic investment plan) has helped in having stable inflow from retail investors
  7. Offers digital wealth management solutions through its platforms – FundzBazar, PrudentConnect, Policyworld, WiseBasket and CreditBasket
  8. Has an asset light and cash generative business model 

 

Risks & Threats

  1. Operates in a highly regulated environment
  2. Inability to attract and retain MFDs may have an adverse impact on its business and future financial performance
  3. Faces intense competition from various players including banks, wealth management firms and other mutual fund distributors
  4. Dependence on the effectiveness of its technological platform
  5. Around 84% of the revenue came from commission and fee income from distribution of mutual fund products in 9MFY22
  6. Around 51% of its revenue came from top 5 asset management companies in FY21
  7. Direct investments in mutual funds by its existing as well as potential clients
  8. Any reduction in the commission or brokerage of financial products such as insurance

 

About Prudent Corporate IPO details

| Prudent Corporate IPO dates

The Prudent Corporate IPO launch date has been announced. It might be noted that the Prudent Corporate IPO opening date is 10 May 2022. It will be open for subscription for three days. So, the Prudent Corporate IPO closing date is 12 May 2022. And the Prudent Corporate IPO listing date is 23 May 2022. 

| Prudent Corporate IPO price band

The Prudent Corporate IPO price band is ₹595-630 per share. 

The Prudent Corporate IPO listing price will be determined on 23 May 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. 

| Prudent Corporate IPO lot size

The Prudent Corporate IPO Details have been declared. The Prudent Corporate IPO lot size is 23 shares. Meanwhile, the Prudent Corporate IPO issue size is ₹538 crore.  

 

Apply for the Prudent Corporate IPO

You can apply on Upstox for the Prudent Corporate IPO. 

Here’s a step-by-step guide on how to apply for the Prudent Corporate IPO. 

  1. Login to Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the Invest in IPO section
  4. Under the Invest in IPO section, look for the Prudent Corporate IPO tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

 

Open demat account with Upstox to apply for the Prudent Corporate IPO

To apply for the Prudent Corporate IPO, it is necessary to open a demat account. If you are wondering how to open a demat account, then you can either visit the Upstox website or download the app. 

To open a demat account with Upstox, you can visit this page and enter the basic details to begin the process of signing up. When directed, you need to upload scanned copies of your PAN, Aadhar card, cancelled cheque, and bank statement. You then need to complete e-verification with the help of an OTP sent to your registered mobile number. With this, your demat account will be created with Upstox. Easy, isn’t it?

Open Demat Account

 

Upstox – trading app to apply for the Prudent Corporate IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Prudent Corporate IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. 

IPO analysis

All you need to know!
Registrar information
Name
Link Intime India Private Limited
Phone number
+91 022 4918 6200
Email ID
prudent.ipo@linkintime.co.in
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Prudent Corporate IPO?

Pre-applying for the Prudent Corporate IPO means applying for this public issue before it goes live. Click here and follow these steps to pre-apply for the Prudent Corporate IPO on Upstox.

When does pre-apply for the Prudent Corporate IPO open and how can you pay for it?

You can pre-apply for the Prudent Corporate IPO from 9 May 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.

How can you apply for the Prudent Corporate IPO?

Click here to apply for the Prudent Corporate IPO on Upstox. You can also download our app. Then click here and follow these steps.

When does the Prudent Corporate IPO open and close for the subscription?

The Prudent Corporate IPO launch date is 10 May 2022. The Prudent Corporate IPO will be open for subscription till 12 May 2022.

What’s the lot size and minimum investment needed for the Prudent Corporate IPO?

The Prudent Corporate IPO lot size is 23 shares and the minimum investment required is ₹13,685. 

What is the price band for the Prudent Corporate IPO?

The Prudent Corporate IPO price band is ₹595-₹630 per share.  

What’s the size of the Prudent Corporate IPO?

The size of the Prudent Corporate IPO is ₹538 crore.

How many bids can I place for the Prudent Corporate IPO?

You can place up to three bids for an application.

Can these bids be placed at different times during the Prudent Corporate IPO subscription period?

No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.

When will Prudent Corporate shares be credited to the demat account?

If the shares are allotted, then they will be credited to your demat account on 20 May, 2022. Click here and follow the steps to check the allotment status.

Which exchanges will Prudent Corporate shares list on?

Shares of Prudent Corporate will list on BSE and NSE.

When will Prudent Corporate shares list on the exchanges?

The Prudent Corporate listing date is 23 May 2022.

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