Prudent Corporate Advisory IPO

Prudent Corporate Advisory Services Ltd.

₹13,685 /23 sharesMinimum Investment

Prudent Corporate Advisory IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
10 May ‘22 - 12 May ‘22₹13,68523₹595 - ₹630
Issue SizeIPO Doc
538.00CrRHP PDF
Subscription Status As on 12 May '22, 5:00 PMRetail Individual Investor
1.29x
Non-Institutional Investor
0.99x
Qualified Institutional Buyers
1.26x
Employees
1.23x
Total
1.22x
About Prudent Corporate AdvisoryPrudent Corporate Advisory is ​​a retail wealth management services group and mutual fund distributor.
The company offers a technology-enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels.
It provides wealth management services to over 7.73 lakh unique retail investors through 17,583 Mutual Fund Distributors (MFDs). The company is spread across branches in 105 locations in 20 states in India, as of May 31, 2021.
;
Parent Organisation
Prudent Corporate Advisory Services Ltd.
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
Application detailsApply asPrice bandApply upto
Regular₹595 - 630₹2 Lakh
For Prudent Corporate Advisory IPO, eligible investors can apply as Regular.

Bidding Dates	Min. Investment	Lot Size	Price Range
10 May ‘22 - 12 May ‘22	₹13,685	23	₹595 - ₹630

Issue Size	IPO Doc
538.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹595 - 630	₹2 Lakh

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsIPOMutual FundsCreditBill Payments
GROWW
About UsPricingBlogMedia & PressCareersHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemap
ⓒ 2016-2023 Groww. All rights reserved, Built with ♥in India

ABOUT GROWW

Groww is India’s growing financial services platform where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO, and F&Os, to invest their money without hassles.

Groww objectively evaluates stocks and mutual funds and does not advise or recommend any stocks, mutual funds or portfolios. Investors shall invest at their own discretion, will and consent. Groww, at any time, does not guarantee fixed returns on the capital invested.

Groww helps investors -

· By providing 100% paperless online free Demat and trading account opening

· By providing an objective evaluation of products available on the platform

· By being transparent about fees and charges involved while investing in a product

· By offering decision-making assistance by providing technical analysis with advanced charts, well-designed line & candlestick charts that indicate share price movements, and market indices, along with more details about all registered and listed companies

SECURE TRANSACTIONS ON GROWW

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform.

TRADE AND INVEST SECURELY WITH GROWW

Stocks, Mutual fund investments, F&Os, etc., are very popular with individual investors because of their numerous benefits. On Groww, an investor can -

- Invest in Nifty 50 (NSE) & Sensex (BSE) listed stocks

- Diversify across multiple stocks and other instruments

- Start SIP with any amount (as low as Rs. 500)

- Switch regular funds to direct funds

- Start automated monthly investments (SIP), and benefit from many more features

All type of mutual funds are available on Groww.

INVESTING IN MUTUAL FUND PORTFOLIOS

Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you.

ATTENTION INVESTORS

1. For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

2. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

3. KYC is a one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

4. If you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account.

· Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

· Awareness regarding guidelines on Margin collection

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

DISCLAIMER

NextBillion Technology Private Limited (CIN: U65100KA2016PTC092879) is a member of NSE & BSE with SEBI Registration no: INZ000301838, Depository Participant of CDSL Depository with SEBI Registration no: IN-DP-417-2019 and Mutual Fund distributor with AMFI Registration No: ARN-111686. Registered office and Correspondence office - No.11, 2nd floor, 80 FT Road, 4th Block, S.T Bed, Koramangala, Bengaluru – 560034. For any grievances related to Stock Broking/DP, please write to [email protected] , please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.

NextBillion Technology Private Limited makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Unless otherwise specified, all returns, expense ratio, NAV, etc are historical and for illustrative purposes only. Future will vary greatly and depends on personal and market circumstances. The information provided by our blog is educational only and is not investment or tax advice.

Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance.

Terms and conditions of the website/app are applicable. Privacy policy of the website is applicable.