Prudent Corporate IPO GMP, Prudent Corporate Grey Market Premium
Prudent Corporate IPO: Prudent Corporate IPO GMP (Prudent Corporate Grey Market Premium), Prudent Corporate IPO Date, Prudent Corporate IPO Review, Prudent Corporate IPO Benefits & Risks. We will update Prudent GMP daily. Also, all information related to Prudent Corporate IPO like price band, all dates, issue size and retail parts etc. All the important information about Prudent Corporate IPO is given below.
Prudent Corporate IPO
Prudent Corporate Advisory Services Limited is a standalone Retail Wealth Management Services Organisation. The company offers financial services and products such as mutual funds, insurance, equities, bonds, PMS-AIFs, and loans. The IPO of Prudent Corporate Limited is expected in early 2022. Prudent Corporate Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs - crore through IPO (Initial public offering).
Prudent Corporate IPO will open on 10 May 2022 and close on 12 May 2022. The price band of the Tracxn IPO is ₹595 to ₹630. Prudent Corporate Ltd is looking to raise around ₹538 crores through an initial public offering (IPO). Prudent Corporate IPO QIB quota is 5%, NII quota is 15% and RII quota is 35%. Prudent Corpor0ate IPO listing date is 23 May 2022. Prudent Corporate Limited IPO GMP (Grey Market Premium) has not started yet.
you can know about Prudent Corporate Limited's financial performance in the Financial section. The company has made a profit of ₹3.24 crores in the financial year 2021. Prudent Corporate IPO Size is ₹538 crores. In this IPO, approx 8,549,340 Equity shares will be sold under OFS (Offer for sale). The IPO of Prudent Corporate will be listed on NSE and BSE. Prudent Corporate IPO face value is ₹- per equity share.
We will talk about Prudent Corporate's financial, benefits, and risks of investing in the company.
Read About
What is Prudent Corporate IPO GMP Today?
Prudent Corporate IPO GMP is ₹25.
What is Prudent Corporate IPO Date?
Prudent Corporate IPO Opening date is 10 May 2022.
What is Prudent Corporate IPO Expected Return?
Prudent Corporate IPO Expected Returns is approx -%.
About Prudent Corporate Limited
The business of the company started in the year 2000. Prudent is currently one of the fastest-growing financial services groups in India. The company started operations with mutual fund distribution at the turn of the millennium. Additionally, Prudent Corporate has expanded to offer financial services and products such as equities, bonds, mutual funds, insurance, PMS-AIFs, fixed income products, property, and debt products.
The company has a team of 980+ highly skilled professionals and 17400+ well-trained and qualified channel partners. The company has a strong digital presence in the country, with a presence across India through its 105 branches in 20 states.
Prudent Corporate Advisory Services Limited offers end-to-end solutions for financial product distribution and visibility across both digital and offline channels.
Important Links:
- Prudent Corporate Ltd Website
- Prudent Corporate DRHP
- Prudent Corporate RHP
Purpose of the offer
- The company in its offer is offered for sale (OFS) of 8,549,340 equity shares by the promoters.
- To prepay/repay all or a part of the dues raised by the company.
- To meet general corporate objectives.
Prudent Corporate GMP Today (Grey Market Premium)
[Prudent Corporate Ltd IPO GMPt]
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 22 May | ₹ | ₹ | ₹ |
| 21 May | ₹ | ₹ | ₹ |
| 20 May | ₹20 | ₹250 | ₹500 |
| 19 May | ₹20 | ₹250 | ₹500 |
| 18 May | ₹20 | ₹250 | ₹500 |
| 17 May | ₹20 | ₹250 | ₹500 |
| 16 May | ₹20 | ₹250 | ₹500 |
| 15 May | ₹25 | ₹250 | ₹500 |
| 14 May | ₹25 | ₹250 | ₹500 |
| 13 May | ₹25 | ₹250 | ₹500 |
| 12 May | ₹25 | ₹250 | ₹500 |
| 11 May | ₹25 | ₹250 | ₹500 |
| 10 May | ₹35 | ₹250 | ₹500 |
| 09 May | ₹30 | ₹250 | ₹500 |
| 08 May | ₹30 | ₹ | ₹500 |
| 07 May | ₹30 | ₹- | ₹500 |
| 06 May | ₹30 | ₹- | ₹500 |
| 05 May | ₹- | ₹- | ₹- |
| 04 May | ₹- | ₹- | ₹- |
| 03 May | ₹- | ₹- | ₹- |
| 02 May | ₹- | ₹- | ₹- |
| 01 May | ₹- | ₹- | ₹- |
Prudent Corporate IPO Date and Price Band Details
Prudent Corporate IPO open date: 10 May 2022, Closing date: 12 May 2022, and Listing date: 23 May 2022. The price band of Prudent Corporate IPO is ₹595 to ₹630 per share. Prudent Corporate IPO issue size is Rs 538 crores. Prudent Corporate Ipo retails portion is 10%, QIB Portion is 50%, and NII Portion is 35%.
| IPO Open: | 10 May 2022 |
| IPO Close: | 12 May 2022 |
| Listing Date: | 23 May 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹538 Crores |
| Fresh Issue: | N/A |
| Offer For Sale: | Approx 8,549,340 equity share |
| Price Band: | ₹595 to ₹630 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Prudent Corporate IPO Market Lot & Size
Prudent Corporate IPO's minimum lot size is 23 shares with ₹14,490 application amount and the maximum lot size is 299 shares with ₹188,370 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 23 Shares |
| Minimum Amount: | ₹14,490 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 299 Shares |
| Maximum Amount: | ₹188,370 |
Prudent Corporate IPO Allotment & Listing Date
| Ipo Opening Date: | 10 May 2022 |
| IPO Closing Date: | 12 May 2022 |
| Basis of Allotment: | 18 May 2022 |
| Refund Date: | 19 May 2022 |
| Credit to Demat Account: | 20 May 2022 |
| Listing Date: | 23 May 2022 |
Prudent Corporate IPO Review
HappiestPost View: May Apply for (short-term)
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Prudent Corporate Ipo Review
[Not rated yet (To be updated)]
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company is present across India through its 105 branches in 20 states.
- The company has a wide network that includes about 8540 ATMs.
- The company is the second-largest operator in semi-urban and rural areas.
- Prudent Corporate has a professional Board of Directors, experienced promoters, and a management team.
- The underserved asset management market in India has grown at a CAGR of over 20%, which can be leveraged by the company.
- The company's focus is on harnessing technology development and innovation.
- The financial track record of the company has been good, the company has earned Rs 45.30 crore in FY 2021.
Risks
- A big question is whether the company will be able to maintain its profits in the coming years or not.
- The COVID-19 pandemic has had a negative impact on the Company's business and will continue to do so in the future.
- The Company retains sensitive customer data, if in any case, the reputation of the Company may be harmed due to a flaw in the security of the data.
- The company will have to continuously improve its digital platform.
- There are many big players in the field in which the company operates, due to which the company is facing competition.
Prudent Corporate Financials
Prudent Corporate Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2018 | ₹193.22 | ₹225.06 | ₹21.02 |
| 2019 | ₹196.08 | ₹236.22 | ₹27.85 |
| 2020 | ₹284.93 | ₹294.90 | ₹45.30 |
Promoters
The promoters of the company are:
- Mr. Sanjay Shah
Contact Details of Prudent Corporate
Prudent Corporate Advisory Service Limited
Prudent House, 3 Devang Park Society,
Panjarapole Cross Road, Ambawadi,
Ahmedabad 380 015, Gujarat
Tel: +91 79 4020 9600
E-mail: cs@prudentcorporate.com
Website: www.prudentcorporate.com
Prudent Corporate Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Equirus Capital Private Limited
Prudent Corporate IPO Registrars
Link Intime India Private Limited
C 101, 247 Park
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra
Tel: +91 22 4918 6200
E-mail: prudent.ipo@linkintime.co.in
Website: www.linkintime.co.in
Conclusion
There are some bad and some good things in Prudent Corporate Ltd. The company's financial track record has been good. The company had made a profit of Rs 45.30 crore in the financial year 2021. Many big players The company is facing ample competition in this field.
If we talk about the company's business, the reach of financial products in India is very less, but there is nothing unique in this business in the long run. It seems that it is worth the IPO at a slightly higher price under the current market conditions. doing. Investing in such a company for the long term can be risky. The financial statement and other information of Prudent Corporate Limited is given above.
Prudent Corporate IPO FAQs
What is Prudent Corporate IPO GMP Today?
Prudent Corporate IPO GMP is ₹30 as of today.
What is Prudent Corporate IPO Opening Date?
Prudent Corporate IPO Opening date is 10 May 2022.
What is the Prudent Corporate IPO Closing Date?
Prudent Corporate IPO Closing date is 12 May 2022.
What is the Prudent Corporate IPO Allotment date?
Prudent Corporate IPO Allotment Date is 18 May 2022.
What is Prudent Corporate IPO Listing Date?
Prudent Corporate IPO Date is 23 May 2022.
What is Prudent Corporate IPO Kostak Rate?
Prudent Corporate IPO Kostak rate is ₹-.
What are Prudent Corporate IPO Expected Returns?
Prudent Corporate IPO Expected Returns is -%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Prudent Corporate Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Prudent Corporate Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
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1 Comments
Thank for providing advice in conclusion. Overall good analysis.
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