Prudent IPO Timeline
|Prudent IPO Opening Date||May 10, 2022|
|Prudent IPO Closing Date||May 12, 2022|
|Basis of Allotment||May 18, 2022|
|Initiation of Refunds||May 19, 2022|
|Credit of Shares to Demat||May 20, 2022|
|Prudent IPO Listing Date||May 23, 2022|
Prudent IPO Details
|Prudent IPO Price||₹595 to ₹630 per share|
|Face Value||₹5 per share|
|IPO Size||₹538.61 Cr|
|Listing At||BSE, NSE|
|Offer for Sale||8,549,340 Equity Shares|
|Employee Discount||Rs 59 per share|
|IPO Lot Size||15|
|Minimum Amount||₹14,490 for 1 lot|
|Maximum Amount||₹188,370 for 13 lot|
|Basis of Allotment||12 May 2022|
|Refunds||13 May 2022|
|Credit to Demat Account||16 May 2022|
|IPO Listing Date||17 May 2022|
Prudent IPO GMP (Grey Market Premium)
For the year/period ended (₹ in million)
|Profit After Tax||576.28||452.97||278.53||210.19|
About Prudent Corporate Advisory Services Limited
In the 2000s, the dot-com bubble crashed stock markets, and the Ketan Parekh scam hurt investors. In such a volatile time, Prudent Corporate Advisory Services Limited, a retail wealth management company, was born thanks to accountant Sanjay Shah’s passion for the stock markets.
Having overcome the initial period of stock market volatility, this Ahmedabad-based company has grown steadily over the past 21 years. As of December 2021, its assets under management (AUM) from mutual fund distribution was Rs 48,411 crore. It serves over 13,500 clients across India. Founded in 2000, Prudent is currently one of the fastest growing financial services groups in India.
They started trading mutual funds at the turn of the millennium. They sensed the potential and low penetration of mutual funds and laid the foundation for Prudential. They have since expanded to provide financial services and products such as mutual funds, insurance, stocks, bonds, PMS-AIF, fixed income, real estate and loan products.
They provide comprehensive and personalized financial services to individuals, corporations, HNIs and UHNIs who fulfill their investment aspirations and risk appetite through our team of over 980 highly qualified professionals and over 17,400 well-trained and qualified trading partners. Over time, their dominance in the market has brought them not only credibility and trust, but also many accolades. They are present all over India through our 105 branches in 20 states with our strong digital presence.