Prudent Corporate Advisory Services Limited

Prudent Corporate Advisory Services Limited

listed
₹13,685Min. investment
  1. Bid start
    10 May
  2. Bid end
    12 May
  3. Allotment
    12 May
  4. Release of funds
    19 May
  5. Demat transfer
    18 May
  6. Listing
    23 May

About Prudent Corporate Advisory Services Limited

Price range₹595 – ₹630
IPO type
Regular
Lot size23 shares
Issue size₹538Cr
RHP/DRHP
Read

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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

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?

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.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Prudent Corporate Advisory Services Limited ?

The issue size of the Prudent Corporate Advisory Services Limited is 538 Cr.

What is 'pre-apply' for Prudent Corporate Advisory Services Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Prudent Corporate Advisory Services Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.