Prudent Corporate Advisory Services is preparing to launch an initial public offering (IPO) on May 10, 2022. However, the issue is set to expire on May 12, 2022, and there is now a thriving gray market. According to the present scenario, the Prudent Corporate IPO GMP is operating at a steady pace. To avoid doubt, the GMP, also known as the Gray Market Premium, is the premium price at which initial public offering (IPO) shares are traded before being listed on the stock market.
Prudent Corporate IPO
Prudent Corporate Advisory Services’ initial public offering (IPO) will take place on May 10, 2022, and conclude on May 12, 2022. The Prudent Corporate Advisory Services’ first public offering (IPO) bid period will run from May 10, 2022, at 10:00 am, through May 12, 2022, at 5:00 pm The deadline for UPI Mandate confirmation is noon on the next business day after the day of the issue’s closure.
|Prudent Corporate Advisory Services IPO Date||May 10, 2022 to May 12, 2022|
|Prudent Corporate Advisory Services IPO Face Value||Rs.5 per share|
|Prudent Corporate Advisory Services IPO Price||Rs.595 to Rs.630 per share|
|Prudent Corporate Advisory Services IPO Lot Size||23 Shares|
|Issue Size||8,549,340 shares of Rs.5
(aggregating up to Rs.538.61 Cr)
For more than two decades, Prudent Corporate Advisory Services Ltd. has been selling a comprehensive variety of financial goods and services to clients. Established in 2000, the firm has become one of India’s fastest-growing financial services organizations. According to the company, in 2021, the firm reported sales of 295 crores, compared to revenues of 236 crores in 2020. The pricing range for the first public offering (IPO) is defined at 595 to 630 rupees per equity share. The Prudent Corporate IPO will be listed on the NSE and the BSE.
Prudent Corporate IPO GMP Today
For the five years ending in Fiscal 2021, Prudent Corporate is the fastest growing national distributor (among the top ten mutual fund distributors) in terms of commissions and assets under management (AAUM), with a compound annual growth rate (CAGR) of 34.4 percent and 32.5 percent, respectively.
Over the past two decades, we think they have emerged as a critical link between asset management firms (“AMCs”) and mutual fund distributors or independent financial advisers (“MFDs”) (and, by extension, between ordinary investors who use the services) of such MFDs). According to their financial statements, they are an independent platform, with no one AMC contributing more than 15% of our total AUM as of May 31, 2021.
Prudent corporate initial public offering (IPO) with a total issue size of 537.93 crores, including a new issue of – crores and an offer for sale of 537.93 crores, with an issue price range of 595-630 per share. The Prudent Corporate Initial Public Offering (IPO) will be listed on the NSE and BSE shortly.
Prudent Corporate Advisory’s initial public offering (IPO) GMP for today is INR30 per share, compared to the issue price of INR595 – 630 per share yesterday. Based on the current GMP, the estimated listing price for Venus Pipes’ initial public offering (IPO) is INR660 per share.
Notably, the IPO gray market is unregulated and very volatile; As a result, it should not be utilized as the only factor for making an investment choice in an initial public offering (IPO). Before determining whether or not to participate in the Prudent Corporate Advisory IPO, investors should consider several other factors, such as the company’s financial performance and its value.
Prudent Corporate Competitive Strengths
- The firm operates in the underdeveloped Indian asset management market, which has expanded at a compound annual growth rate (CAGR) of more than 20%.
- Independent financial product distribution platforms are expanding in number.
- According to the company, the business has a granular retail AUM with a mix that is biased toward high-yield equities AUM.
- The value offer has resulted in increasing involvement and a long-standing connection with MFDs and other financial institutions.
- Investec has a proven track record of innovation and technology to enhance the investor and partner experience.
- A diverse distribution network that spans the whole country with the potential to develop into underserved B-30 areas.
About Prudent Corporate
Prudent Corporate Advisory Services Limited provides retail wealth management services founded in 2003. According to their website, Prudent Corporate Advisory Services is a provider of investment and financial services platforms for distributing financial goods via both online and offline channels. When it comes to average assets under management (AUM), Prudent Corporate Advisory Services is among the top 10 mutual fund distributors in the United States as of 2020.
The Prudent Corporate Advisory Services (PCAS) asset management services were given to 13,51,274 unique retail investors as of December 31, 2021, via 23,262 channel partners on the B2B2C network, which was distributed over 110 branches in 20 Indian states. In addition, the corporation has distributorship relationships with 42 AMCs.