Groww Logo
Home>IPO>Prudent Corporate Advisory Services Ltd.

Prudent Corporate Advisory IPO

Prudent Corporate Advisory Services Ltd.

₹13,685 /23 sharesMinimum Investment

Prudent Corporate Advisory IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹630.00₹650.00₹20.00 (3.17%)

Prudent Corporate Advisory IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 May '22 - 12 May '22₹13,68523₹595 - ₹630
Issue SizeIPO Doc
538.00Cr
RHP PDF

Subscription Status As on 12 May '22, 5:00 PM

  • Retail Individual Investor
    1.29x
  • Non-Institutional Investor
    0.99x
  • Qualified Institutional Buyers
    1.26x
  • Employees
    1.23x
  • Total
    1.22x

About Prudent Corporate Advisory

Prudent Corporate Advisory is ​​a retail wealth management services group and mutual fund distributor. The company offer
Founded
2003
Managing Director
Sanjay Shah

Strengths & Risks

  • A pan-India diversified distribution network.
  • One of the largest and fastest-growing financial products distribution platforms, as per a report by CRISIL*.
  • Long-standing relationship with mutual fund distributors.
  • High potential industry - the Indian asset management industry has grown at a CAGR of more than 20% (as per CRISIL report*).
  • Average Assets Under Management (AAUM) has grown at a CAGR of 32.5% to Rs 24,910 crore in the five year period from Fiscal 2016 to Fiscal 2021.
  • A 12% market share within the national distributor segment on AAUM basis as of Fiscal 2021 (Source: CRISIL Report).
  • As of May 31, 2021, the company had an Assets Under Management (AUM) of Rs 33,316 crore and was among the largest national distributors (non-bank).
  • Direct investments in mutual funds by existing as well as potential clients will have an adverse impact on revenue from mutual fund distribution.
  • Outstanding litigation against the company and its subsidiaries, which if determined adversely, could affect the business and results of operations.
  • Company has undertaken and may continue to undertake strategic investments and alliances, acquisitions and mergers in the future, which may be difficult to integrate and manage.
  • Any reduction in commission or brokerage of other financial products could have adverse effect on the business.
  • The company has in the past entered into related party transactions and may continue to do so in future.
  • Promoter and Promoter Group will continue to have a significant shareholding in the company after the IPO.
  • This IPO consists of an Offer for Sale by the Selling Shareholders - the company will not receive any proceeds.
  • Business operations in a highly regulated environment that is subject to change, and existing and new laws.
  • Any inability to retain Mutual Fund Distributors (MFDs) may adversely affect the business and results of operations.
  • Competition from existing and new market participants
  • * The company commissioned and paid for an industry report from CRISIL Limited specifically for the purpose of the IPO.

Financials

*All values are in Rs. Cr
No Graph Data To Display
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.3.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI

ABOUT GROWW