{"id":15582,"date":"2022-05-05T12:59:55","date_gmt":"2022-05-05T07:29:55","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=15582"},"modified":"2022-05-09T11:59:27","modified_gmt":"2022-05-09T06:29:27","slug":"prudent-corporate-advisory-services-limited-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/prudent-corporate-advisory-services-limited-ipo\/","title":{"rendered":"Prudent Corporate Advisory Services Limited IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15582\" class=\"elementor elementor-15582\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2922fb36 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2922fb36\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48bf4c4e\" data-id=\"48bf4c4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-603bdf97 elementor-widget elementor-widget-text-editor\" data-id=\"603bdf97\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Prudent Corporate Advisory Services Limited, a retail wealth management services, is planning to raise Rs 538.61 crore by going public. The subscription for its initial public offering will open on May 10 and end on May 12, 2022. The price band has been fixed at Rs 595-630 apiece.<\/p><p>The issue comprises of only Offer For Sale of about 85.49 lakh shares. The face value is Rs 5 per each equity share. Prudent\u2019s employees will get a discount of Rs 59 per equity share to the final issue price.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17f29019 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17f29019\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4796d2a7\" data-id=\"4796d2a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a1e8e96 elementor-widget elementor-widget-heading\" data-id=\"a1e8e96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5946f5ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5946f5ec\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4090d1ed\" data-id=\"4090d1ed\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43447281 elementor-widget elementor-widget-text-editor\" data-id=\"43447281\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Prudent Corporate Advisory Services Limited is a Gujarat-based independent retail wealth management services group in India and one of the top mutual fund distributors in terms of average assets under management (\u201cAAUM\u201d) and commission received.<\/p><p>The company offers 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.<\/p><p>The company&#8217;s wealth management services cater to 1,351,274 unique retail investors through 23,262 MFDs on their B2B2C platform and its branches are spread across 110 locations in 20 states in India as on December 2021.<\/p><p>Some of the key metrics of their business as on December 31, 2021 are given below in the image,<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ad244a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ad244a0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ef974dc\" data-id=\"ef974dc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5997283 elementor-widget elementor-widget-image\" data-id=\"5997283\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"474\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO-1024x474.jpg\" class=\"attachment-large size-large wp-image-15592\" alt=\"\" srcset=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO-1024x474.jpg 1024w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO-300x139.jpg 300w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO-768x355.jpg 768w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO-450x208.jpg 450w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO-780x361.jpg 780w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/prudent-IPO.jpg 1262w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3aef3439 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3aef3439\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-773f170a\" data-id=\"773f170a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-405d4f20 elementor-widget elementor-widget-heading\" data-id=\"405d4f20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-39dc3d7f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"39dc3d7f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-21a103ce\" data-id=\"21a103ce\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42a43330 elementor-widget elementor-widget-text-editor\" data-id=\"42a43330\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Prudent offers a comprehensive multi-product investment platform with end-to-end solutions critical for financial products distribution.<\/li><li>The company uses technology to improve investor and partner experience through their platforms such as FundzBazar, PrudentConnect, Policyworld, WiseBasket and CreditBasket.<\/li><li>The company has a granular retail AUM with a mix skewed towards high-yield equity AUM<\/li><li>It has a pan-India diversified distribution network with ability to expand into underpenetrated B-30 markets.<\/li><li>Prudent has \u00a0demonstrated a consistent track record of profitable growth on the back of highly scalable, asset-light and cash generative business model<\/li><li>The company is backed by an experienced management team and a global investor.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-43168634 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"43168634\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3039a877\" data-id=\"3039a877\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-567d68f3 elementor-widget elementor-widget-heading\" data-id=\"567d68f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3dd8dfe6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3dd8dfe6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-786250c4\" data-id=\"786250c4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79d04ec8 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"79d04ec8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td width=\"312\"><p><strong>Particulars<\/strong><\/p><\/td><td width=\"73\"><p><strong>9MFY22<\/strong><\/p><\/td><td width=\"73\"><p><strong>FY21<\/strong><\/p><\/td><td width=\"73\"><p><strong>FY20<\/strong><\/p><\/td><td width=\"64\"><p><strong>FY19<\/strong><\/p><\/td><\/tr><tr><td width=\"312\"><p><strong>Commission and fee income from distribution of mutual fund products<\/strong><\/p><\/td><td><p>2,713.88<\/p><\/td><td><p>2,312.93<\/p><\/td><td><p>1,955.87<\/p><\/td><td><p>1,956.98<\/p><\/td><\/tr><tr><td><p><strong>Total revenue from operations<\/strong><\/p><\/td><td><p>3,212.21<\/p><\/td><td><p>2,865.07<\/p><\/td><td><p>2,348.33<\/p><\/td><td><p>2,219.84<\/p><\/td><\/tr><tr><td><p><strong>EBITDA<\/strong><\/p><\/td><td><p>814.96<\/p><\/td><td><p>619.1<\/p><\/td><td><p>466.71<\/p><\/td><td><p>382.05<\/p><\/td><\/tr><tr><td><p><strong>EBITDA margin<\/strong><\/p><\/td><td><p>25.37%<\/p><\/td><td><p>21.61%<\/p><\/td><td><p>19.87%<\/p><\/td><td><p>17.21%<\/p><\/td><\/tr><tr><td><p><strong>PAT<\/strong><\/p><\/td><td><p>576.28<\/p><\/td><td><p>452.97<\/p><\/td><td><p>278.53<\/p><\/td><td><p>210.19<\/p><\/td><\/tr><tr><td><p><strong>PAT margin<\/strong><\/p><\/td><td><p>17.94%<\/p><\/td><td><p>15.81%<\/p><\/td><td><p>11.86%<\/p><\/td><td><p>9.47%<\/p><\/td><\/tr><tr><td><p><strong>ROCE<\/strong><\/p><\/td><td><p>26.83%<\/p><\/td><td><p>28.73%<\/p><\/td><td><p>24.75%<\/p><\/td><td><p>25.30%<\/p><\/td><\/tr><tr><td><p><strong>Cash flow from operations<\/strong><\/p><\/td><td><p>505.8<\/p><\/td><td><p>577.22<\/p><\/td><td><p>502.78<\/p><\/td><td><p>123.2<\/p><\/td><\/tr><tr><td><p><strong>Cash flow from operations \/ EBITDA<\/strong><\/p><\/td><td><p>62.06%<\/p><\/td><td><p>93.24%<\/p><\/td><td><p>107.73%<\/p><\/td><td><p>30.71%<\/p><\/td><\/tr><\/tbody><\/table><p><em>*All numbers are Rs in million except for percentage<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-473e6406 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"473e6406\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6583b65f\" data-id=\"6583b65f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48385ccf elementor-widget elementor-widget-heading\" data-id=\"48385ccf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Purpose of the IPO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b1998c0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b1998c0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4210700b\" data-id=\"4210700b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a885f45 elementor-widget elementor-widget-text-editor\" data-id=\"5a885f45\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>To carry out the company\u2019s Offer for Sale.<\/li><li>To achieve the benefits of listing the equity shares on stock exchanges.<\/li><li>The company expects that the listing of equity shares will enhance their brand image and provide liquidity to its shareholders.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6dd8e304 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6dd8e304\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44dd08f4\" data-id=\"44dd08f4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38ac725c elementor-widget elementor-widget-heading\" data-id=\"38ac725c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e3966f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e3966f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c57c589\" data-id=\"6c57c589\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f22bc18 elementor-widget elementor-widget-text-editor\" data-id=\"5f22bc18\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sanjay Shah is the promoter of the company.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-25d1d398 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"25d1d398\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-74765148\" data-id=\"74765148\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a52f307 elementor-widget elementor-widget-heading\" data-id=\"1a52f307\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16561090 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16561090\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a16a25f\" data-id=\"5a16a25f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56204bb1 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"56204bb1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>IPO Opening Date<\/strong><\/p><\/td><td><p>10-May-22<\/p><\/td><\/tr><tr><td><p><strong>IPO Closing Date<\/strong><\/p><\/td><td><p>12-May-22<\/p><\/td><\/tr><tr><td><p><strong>Face Value<\/strong><\/p><\/td><td><p>Rs 5 per equity share<\/p><\/td><\/tr><tr><td><p><strong>Issue Price (Price Band)<\/strong><\/p><\/td><td><p>Rs 595 to Rs 630 per share<\/p><\/td><\/tr><tr><td><p><strong>Lot Size<\/strong><\/p><\/td><td><p>23 Shares<\/p><\/td><\/tr><tr><td><p><strong>Issue Size<\/strong><\/p><\/td><td><p>8,549,340 shares of Rs 5 each<\/p><\/td><\/tr><tr><td><p><strong>Issue Type<\/strong><\/p><\/td><td><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td><p><strong>Listing At<\/strong><\/p><\/td><td><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b6fd382 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b6fd382\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3032d5bd\" data-id=\"3032d5bd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-372aeabb elementor-widget elementor-widget-heading\" data-id=\"372aeabb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Lot Size <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a694ce1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a694ce1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-21da806\" data-id=\"21da806\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2295334 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2295334\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Application<\/strong><\/p><\/td><td><p><strong>Lots<\/strong><\/p><\/td><td><p><strong>Shares<\/strong><\/p><\/td><td><p><strong>Amount<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Minimum<\/strong><\/p><\/td><td><p>1<\/p><\/td><td><p>23<\/p><\/td><td><p>Rs 14,490<\/p><\/td><\/tr><tr><td><p><strong>Maximum<\/strong><\/p><\/td><td><p>13<\/p><\/td><td><p>299<\/p><\/td><td><p>Rs 188,370<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f365e55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f365e55\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2114f0ea\" data-id=\"2114f0ea\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30d5c864 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"30d5c864\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ipo.ftconline.in:8084\/IPOWEB\/Index\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply for the IPO<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Prudent Corporate Advisory Services Limited, a retail wealth management services, is planning to raise Rs 538.61 crore by&hellip;","protected":false},"author":5,"featured_media":15613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[46,43,78,26,512,77,24,23,55,513],"class_list":{"0":"post-15582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-market-news","9":"tag-market-update","10":"tag-nifty","11":"tag-nse","12":"tag-prudent","13":"tag-sensex","14":"tag-share-market","15":"tag-stock-market","16":"tag-upcoming-ipo","17":"tag-wealth-management-services","18":"cs-entry","19":"cs-video-wrap"},"yoast_head":"<!-- This site is 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