Details on IPO

Prudent Corporate IPO date is fixed, The Prudent Corporate IPO is to open on May 10, 2022, and will close on May 12, 2022. Prudent Corporate IPO to raise ₹538 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 8,549,340 equity shares of ₹5 each. The retail quota is 35% with QIB 50% and HNI 15%.

Prudent Corporate Advisory Services Limited  IPO Effective Price by Category

 

 

Prudent Corporate Advisory Services Ltd is a Leading Diversified Financial Services Group distributing a wide range of financial products and services over 2 decades. The company was started in 2000 and become one of India's fastest-growing financial services groups. They offer financial services and products such as Mutual Funds, Insurance, Equities, Bonds, PMS-AIF, Fixed Income Products, Properties, and Loan Products. They offer their services to Individuals, Corporates, HNIs, and UHNIs matching their investment aspirations and risk appetite. They have a team of 980+ highly skilled professionals & 17400+ well-trained & qualified channel partners. They have a presence across India through our 105 branches in over 20 states with our strong digital presence. You can check Prudent Corporate IPO subscription status and Prudent Corporate IPO allotment status on their respective pages.

 

Prudent Corporate Advisory Services Limited IPO Details

 

 

Prudent Corporate Advisory Services Limited IPO Size

In the 2000s, the dot-com bubble had sent the stock markets tumbling and the Ketan Parekh scam had scarred investors. In such volatile times, retail wealth management company Prudent Corporate Advisory Services Limited was born out of chartered accountant Sanjay Shah’s passion for stock markets. After staying put through these initial days of volatility, this Ahmedabad-based company has steadily grown over the last 21 years. 

 

 

Prudent Corporate Advisory Services Limited  Key Point 

Strengths:

• Operates in an underpenetrated Indian asset management industry, that has grown at a CAGR of more than 20%
• 2.    One of the largest and fastest-growing financial products distribution platforms
• 3.    Has a granular retail AUM with a mix skewed towards high-yield equity AUM
• 4.    Value proposition has led to increased participation and a long-standing relationship with MFDs.
• 5.    Track record of innovation and use of technology to improve investor and partner experience
• 6.    Pan-India diversified distribution network with the ability to expand into underpenetrated B-30 markets

Risks

1.    Operates in a highly regulated environment, and existing and new laws, regulations and government policies affecting the sectors in which it operates could adversely affect the business

2.    Depends on the ability to attract and retain registered MFDs on their platforms and an inability to retain them would impact the business

3.    Inability to grow at the historical rates, measured in terms of AUM.

4.    Recommendations, suggestions, and advice provided by MFDs using the platform to their clients may be subject to errors or fraudulent behavior and are beyond the company’s control

5.    Any changes in the total expense ratio due to regulatory changes may reduce the distribution commission income as the revenue is dependent on certain AMCs and sustained ability to increase AUM as well as on the performance of the funds

Prudent Corporate Advisory Services Limited IPO Promoter Holding

 

Prudent Corporate Advisory Services Limited Financial Summary 

 

Time	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

Prudent Corporate Advisory Services Limited IPO Schedule 

 

 

 

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