Ticker > IPO > newlisted

IPO

Prudent Corporate Advisory Services Ltd.

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.

RHP
View
DRHP
View
Open Date

2022-05-10

Close Date

2022-05-12

IPO Details

Check out the issue details for Prudent Corporate Advisory Services Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 630

Price Band

₹ 595 - 630

Issue Size

538.61 Cr.

Issue Type

Book Built

Open

2022-05-10

Close

2022-05-12

Listingprice

₹ 650

ListingGain

3.17%

Listing Date

2022-05-20

CMP

₹ 489.2

Current Return

-22.35%

Company Financials

You can get the following financial statements of Prudent Corporate Advisory Services Ltd. as of now.

Subscription Details

The details about the Prudent Corporate Advisory Services IPO is as:

  • The issue size of the IPO is 538.61 Cr.
  • The price band for Prudent Corporate Advisory Services IPO is Rs 595 - 630.
  • The shares of Prudent Corporate Advisory Services IPO will list on 20th May 2022.
  • The latest tentative GMP of Prudent Corporate Advisory Services IPO is Rs 35.
  • The employees of the company will get a discount of Rs 59 per share.
  • The IPO of Prudent Corporate Advisory Services is subscribed 1.22 Times as of 12th May 2022.

Prudent Corporate Advisory Services IPO Valuation

The approx valuation of Prudent Corporate Advisory Services IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 630
Existing Shares (Qty) 4.14 Cr
Market Cap 2608.2 Cr
EPS  Rs 10.96
PE Ratio 57.4x
Industry PE 40.6x

 

Prudent Corporate Advisory Services IPO Issue Size

Prudent Corporate Advisory Services IPO issue size is 538.61 Cr.

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 538.61 Cr

 

Prudent Corporate Advisory Services IPO Market Lot

An Individual can apply for a minimum 1 lot of 23 shares and a maximum of 13 lots of 299 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 23 Rs 14,490
 Maximum 13 299 Rs 1,88,370

 

Prudent Corporate Advisory Services IPO Offer

The IPO of Prudent Corporate Advisory Services is subscribed 1.22 Times as of 12th May 2022. The category-wise shares subscription are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 1.26 Times
Non-Institutional Minimum 15% 0.99 Times
Retail Individual Minimum 35% 1.29 Times
Employee up to Rs 6.5 Cr 1.23 Times
Total   1.22 Times

 

Prudent Corporate Advisory Services IPO Grey Market Premium

As on GMP (Tentative)
10 May 2022 Rs 35
11 May 2022 Rs 25

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Prudent Corporate Advisory Services IPO:

Schedule Date
Basis of Allotment 18 May 2022
Refunds 19 May 2022
Credit to Demat Account 20 May  2022
IPO Listing Date 20 May 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021
Other Income 4.47 7.18 1.14 7.9
Interest 0.11 0.1 0.74 0.8
Exceptional Items 0 -0.9 0 0
Profit Before Tax 37.77 34.35 29.61 41.94
Tax 12.21 8.65 7.76 10.74
Adjusted EPS (Rs.) 0.62 0.62 0.53 0.75

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 1.03 1.04 1.04 1.04
Total Reserves 64.01 85.18 106.33 137.31
Borrowings 0.36 0.15 0.15 0
Other N/C liabilities 1.58 1.07 9.43 10.51
Current liabilities 43.5 25.81 26.86 40.79
Total Liabilities 110.48 113.25 143.8 189.65
Assets
Net Block 8.86 16.11 23.6 22.84
Capital WIP 8.48 0 0 0
Intangible WIP 0 0 0 0
Investments 36.66 25.74 27.94 40.15
Other N/C Assets 0.2 0.24 0 0
Current Assets 54.61 69.85 92.02 126.67
Total Assets 110.48 113.25 143.8 189.65
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022
Other Income 0.71
Interest Expended 0.5
Operating Expenses 86.94
Total Provisions 0
Profit Before Tax 20.29
Tax 4.45
Net Profit 15.83
X