Prudent Corporate Advisory Services Limited IPO
Prudent Corporate Advisory Services Limited was a mainboard IPO in the Financial Products Distributor sector, offered at ₹595–₹630 per share to raise ₹539 crore. The issue was subscribed 1.22× overall (QIBs 1.26×, NIIs 0.99×, retail 1.29×). It listed on 20 May 2022 at ₹650 and closed its first day at ₹562, a listing loss of -10.8% versus the ₹630 issue price. It now trades around ₹2,812 (+346.3% versus the issue price).
Frequently asked questions
- How many times was the Prudent Corporate Advisory Services Limited IPO subscribed?
- The Prudent Corporate Advisory Services Limited IPO was subscribed 1.22× overall — 1.26× in the QIB category, 0.99× among non-institutional investors, 1.29× in retail.
- What were the Prudent Corporate Advisory Services Limited IPO listing gains?
- Prudent Corporate Advisory Services Limited listed on 20 May 2022 at ₹650, closing its first day at ₹562 — a listing loss of -10.8% versus the ₹630 issue price.
- What were the retail allotment odds for the Prudent Corporate Advisory Services Limited IPO?
- Retail was subscribed 1.29×, so a single-lot application had roughly a 77.5% chance of allotment — most applicants were allotted, and allotment was finalised on 16 May 2022.
- What was the price band and lot size of the Prudent Corporate Advisory Services Limited IPO?
- The price band was ₹595–₹630 per share, with a minimum lot of 23 shares (₹14,490 at the upper band).
- Who were the registrar and lead manager for the Prudent Corporate Advisory Services Limited IPO?
- Link Intime India Private Limited was the registrar, and Equirus was the book-running lead manager.