Prudent Corporate Advisory Services Limited is one of the largest independent retail wealth management services group in India and amongst the top mutual fund distributors in terms of AAUM (average assets under management) and commission received. As on Dec 2021 Prudent’s AUM from the mutual fund distribution business stood at Rs. 48,411 Cr. Prudent is the fastest growing distributor (among the top 10 MF distributors) in terms of commission and AAUM with a CAGR of 34% and 32% respectively for the 5 year period ending FY21.
Investment Rationale
- Unique B2B2C business model bridging the gap between AMCs, MFDs (Mutual Fund Distributors) and retail customers.
- Granular Retail AUM with mix skewed towards high yield equity AUM (92% share) and rising share of SIP AUM (42% share) as on FY21.
- Long standing / expanding relationship with MFDs and pan India presence provides a value proposition for AMCs.
- Consistent track record of profitable growth due to highly scalable, asset light and cash generative business model.
Prudent Corporate Advisory Services Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 10 May 2022 |
| IPO Close Date | 12 May 2022 |
| Allotment Date | 18 May 2022 |
| IPO Listing Date | 23 May 2022 |
Prudent Corporate Advisory Services Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 595 to Rs. 630 Per Equity Share |
| Market Lot | 23 Share |
| Employee Discount | Rs. 59 Per Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 539 Crore. |
Prudent Corporate Advisory Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 23 | Rs. 14490 |
| Maximum | 13 | 210 | Rs. 188370 |
Prudent Corporate Advisory Services Limited IPO Allotment Status
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Company Financials:
| Particular | 31 Dec 2021 | 31 March 2021 | 31 March 2020 |
| Total Assets | 3873.40 | 2849.30 | 1960.75 |
| Total Revenue | 3279.98 | 2948.96 | 2362.20 |
| Profit After Tax | 576.28 | 452.97 | 278.53 |
Company Promoters:
Sanjay Shah is the company promoter.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Prudent Corporate Advisory Services Limited Prudent House, 3 Devang Park Society, Panjarapole Cross Road, Ambawadi, Ahmedabad-380 015 Phone: +91 79 4020 9600 Email: cs@prudentcorporate.com Website: https://www.prudentcorporate.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: prudent.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
