{"id":9088,"date":"2022-06-09T18:20:41","date_gmt":"2022-06-09T12:50:41","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=9088"},"modified":"2022-06-14T00:40:02","modified_gmt":"2022-06-13T19:10:02","slug":"all-about-prudent-corporate-advisory-services-ipo","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/","title":{"rendered":"All About Prudent Corporate Advisory Services IPO"},"content":{"rendered":"\n<p>Another day, another company to join the <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a> game is <a href=\"https:\/\/www.tickertape.in\/stocks\/prudent-corporate-advisory-services-PRU?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Prudent Corporate Advisory Services Ltd<\/a>. This financial advisory company made its market debut on 20 May 2022. The company, which was established in 2000, offers financial services to individuals, corporates, high-net-worth individuals and ultra-high-net-worth individuals. Read more about the company and its IPO debut.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#About-Prudent-Corporate-Advisory-Services\" title=\"About Prudent Corporate Advisory Services\">About Prudent Corporate Advisory Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Prudent-Corporate-Advisory-Services-Management-and-Promoter-Holdings\" title=\"Prudent Corporate Advisory Services Management and Promoter Holdings&nbsp;\">Prudent Corporate Advisory Services Management and Promoter Holdings&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#About-Prudent-Corporate-IPO\" title=\"About Prudent Corporate IPO&nbsp;\">About Prudent Corporate IPO&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Book-running-lead-managers-and-registrar\" title=\"Book running lead managers and registrar&nbsp;\">Book running lead managers and registrar&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Reservation-of-Prudent-Corporate-Advisory-Services-IPO\" title=\"Reservation of Prudent Corporate Advisory Services IPO&nbsp;\">Reservation of Prudent Corporate Advisory Services IPO&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Financials-of-Prudent-Corporate-Advisory-Services-Ltd\" title=\"Financials of Prudent Corporate Advisory Services Ltd&nbsp;&nbsp;\">Financials of Prudent Corporate Advisory Services Ltd&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Peer-comparison\" title=\"Peer comparison&nbsp;\">Peer comparison&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Strengths-of-Prudent-Corporate-Advisory-Services-Ltd\" title=\"Strengths of Prudent Corporate Advisory Services Ltd&nbsp;\">Strengths of Prudent Corporate Advisory Services Ltd&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Risks-of-Prudent-Corporate-Advisory-Services-Ltd\" title=\"Risks of Prudent Corporate Advisory Services Ltd&nbsp;\">Risks of Prudent Corporate Advisory Services Ltd&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#How-to-buy-Prudent-Corporate-Advisory-Services-Ltd-shares\" title=\"How to buy Prudent Corporate Advisory Services Ltd shares?&nbsp;\">How to buy Prudent Corporate Advisory Services Ltd shares?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#FAQs\" title=\"FAQs&nbsp;\">FAQs&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#1-What-is-Prudent-Corporate-Advisory-Services-Ltd-IPO\" title=\"1. What is Prudent Corporate Advisory Services Ltd IPO?\u00a0\">1. What is Prudent Corporate Advisory Services Ltd IPO?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#2-What-is-a-book-building-offer\" title=\"2. What is a book building offer?\u00a0\">2. What is a book building offer?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#3-How-many-lots-can-a-retail-investor-buy-on-Prudent-Corporate-Advisory-Services-Ltd\" title=\"3. How many lots can a retail investor buy on Prudent Corporate Advisory Services Ltd?\u00a0\u00a0\">3. How many lots can a retail investor buy on Prudent Corporate Advisory Services Ltd?\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#4-Are-Prudent-Corporate-Advisory-Services-Ltd-shares-listed-on-exchanges\" title=\"4. Are Prudent Corporate Advisory Services Ltd shares listed on exchanges?\u00a0\">4. Are Prudent Corporate Advisory Services Ltd shares listed on exchanges?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.tickertape.in\/blog\/all-about-prudent-corporate-advisory-services-ipo\/#5-Who-are-the-lead-managers-for-Prudent-Corporate-Advisory-Services-Ltd\" title=\"5. Who are the lead managers for Prudent Corporate Advisory Services Ltd?\u00a0\">5. Who are the lead managers for Prudent Corporate Advisory Services Ltd?\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About-Prudent-Corporate-Advisory-Services\"><\/span><strong>About Prudent Corporate Advisory Services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is a flagship company under the Prudent Group. It started in 2000 and provides retail <a href=\"https:\/\/www.tickertape.in\/blog\/wealth-management\/\">wealth management<\/a> services along with products like <a href=\"https:\/\/www.tickertape.in\/blog\/mutual-funds\/\">mutual funds<\/a>, equities, insurance, bonds, fixed-income products, loan products and properties.&nbsp;<\/p>\n\n\n\n<p>The company runs with a team of over 980 highly skilled professionals and more than 17,400 qualified and well-trained channel partners. Along with 105 branches in over 20 states serving 16,356 PIN codes in India, Prudent Corporate Advisory Services has a strong digital presence as well. In terms of the average AUM (Assets Under Management), the company is listed among the top 10 mutual fund distributors as of FY 2021. As of 31 December 2021, the company&#8217;s AUM from the mutual fund distribution was recorded at Rs 48,411.5 cr., and 92.14% of the total AUM was equity-oriented.<\/p>\n\n\n\n<p>As of 31 December 2021, through 23,262 channel partners for mutual funds, Prudent Corporate Advisory Services provided services to 13,51,274 unique retail investors. They are even associated with 42 asset management companies as a distributor. The company holds 15.25 lakh SIPs and 35.05 lakh folios.<\/p>\n\n\n\n<p>Prudent Corporate Advisory Services works with a vision to be the preferred financial services company that caters to the masses through technology.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prudent-Corporate-Advisory-Services-Management-and-Promoter-Holdings\"><\/span><strong>Prudent Corporate Advisory Services Management and Promoter Holdings&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Sanjay Singh is the Founder and Managing Director of the company. He is a Chartered Accountant by qualification who worked with several industries before setting up Prudent Group.&nbsp;<\/li><li>Shirish Patel, the CEO of Prudent Corporate Advisory Services, has been part of the company since 2005.&nbsp;<\/li><\/ul>\n\n\n\n<p>As part of <a href=\"https:\/\/www.tickertape.in\/blog\/offer-for-sale\/\">OFS (offer for sale)<\/a>, Wagner Ltd from TA Associates sold 82,81,340 shares worth Rs 527 cr. in the IPO, and Shirish Patel sold 2,68,000 shares.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About-Prudent-Corporate-IPO\"><\/span><strong>About Prudent Corporate IPO&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After being in the financial services industry for more than two decades, Prudent Corporate&nbsp; Advisory Services made itself public in 2022. The IPO details are as follows:&nbsp;<\/p>\n\n\n\n<ul><li>The IPO type was a book building offer.<\/li><li>The opening date for this IPO was 10 May 2022, and the closing date was 12 May 2022.&nbsp;<\/li><li>The company was listed on <a href=\"https:\/\/www.tickertape.in\/stocks\/bse-BSEL?checklist=basic&amp;utm_medium=article&amp;utm_source=blog\" target=\"_blank\" rel=\"noreferrer noopener\">BSE<\/a> and <a href=\"https:\/\/www.tickertape.in\/blog\/national-stock-exchange\/\">NSE<\/a>.&nbsp;<\/li><li>An employee discount of Rs 59 per share was provided.<\/li><li>The <a href=\"https:\/\/www.tickertape.in\/blog\/face-value-of-share\/\">face value<\/a> of each share was Rs 5 per share.<\/li><li>The set price band of this IPO was Rs 595 to Rs 630.<\/li><li>The issue size of this IPO was 8,549,340 shares of Rs 5, aggregating up to Rs 538.61 cr.&nbsp;<\/li><li>The IPO was entirely <a href=\"https:\/\/www.tickertape.in\/blog\/offer-for-sale\/\">offer for sale<\/a>.&nbsp;&nbsp;<\/li><li>The allocation happened on 18 May 2022, followed by refund initiation on 19 May 2022. Meanwhile, the credit of share in the Demat account happened on 20 May 2022. The final listing happened on 20 May 2022.&nbsp;<\/li><li>One lot consisted of 23 shares and was worth Rs 14,490 at the upper range of the pricing band.&nbsp;<\/li><li>The proceeds from the offer for sale were not received by the company; instead, the selling <a href=\"https:\/\/www.tickertape.in\/blog\/shareholders\/\">shareholders<\/a> got it.&nbsp;<\/li><\/ul>\n\n\n\n<p>As per the statement from BSE, Prudent Corporate Advisory Services allotted 25,30,651 <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> shares at Rs 630 apiece and has raised Rs 159.43 cr. from 24 anchor investors. On the listing day, on the BSE, the opening value per share was Rs 660, at a premium of 4.7% over its issue price. While on the <a href=\"https:\/\/www.tickertape.in\/blog\/national-stock-exchange\/\">NSE<\/a>, the listing price was Rs 650, 3.2% more than the issue price. On 12 May 2022, the last day, the IPO was subscribed 1.22 times, and the market cap was recorded at around Rs 2,350 cr.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Book-running-lead-managers-and-registrar\"><\/span><strong>Book running lead managers and registrar&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The book running lead managers of the Prudent Corporate Advisory Services Ltd IPO were <a href=\"https:\/\/www.tickertape.in\/stocks\/icici-securities-ICCI?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">ICICI Securities Ltd<\/a>, Axis Capital Ltd and Equirus Capital Pvt. Ltd, while Link Intime is the registrar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reservation-of-Prudent-Corporate-Advisory-Services-IPO\"><\/span><strong>Reservation of Prudent Corporate Advisory Services IPO&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The retail investors got 1.29 times their reserved part which is 35%.&nbsp;<\/li><li>The employees bid for 1.23 times their portion.&nbsp;<\/li><li>Qualified institutional buyers (QIB) got half of the offer reserved and were booked 1.26 times.&nbsp;<\/li><li>15% was reserved for the non-institutional investors of which 99% was booked.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financials-of-Prudent-Corporate-Advisory-Services-Ltd\"><\/span><strong>Financials of Prudent Corporate Advisory Services Ltd&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The following are the financials of Prudent Corporate Advisory Services Ltd for FY 2019, 2020, and 2021.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars&nbsp;<\/strong><\/td><td><strong>For FY 2019 (Rs in cr.)<\/strong><\/td><td><strong>For FY 2020 (Rs in cr.)<\/strong><\/td><td><strong>For FY 2021 (Rs in cr.)<\/strong><\/td><\/tr><tr><td>Total assets<\/td><td>193.22<\/td><td>196.08<\/td><td>284.93<\/td><\/tr><tr><td>Total revenue<\/td><td>221.98<\/td><td>234.83<\/td><td>286.51<\/td><\/tr><tr><td>Profit after tax (PAT)<\/td><td>21.02<\/td><td>27.85<\/td><td>45.30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Peer-comparison\"><\/span><strong>Peer comparison&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to the offer paperwork, Prudent Corporate Advisory Services Ltd listed ICICI Securities, <a href=\"https:\/\/www.tickertape.in\/stocks\/iifl-wealth-management-IIFW?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">IIFL Wealth Management Ltd<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/uti-asset-management-company-UTI?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">UTI Asset Management Company Ltd<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/central-depository-services-india-CENA?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Central Depository Services (India) Ltd<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/computer-age-management-services-CAMC?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Computer Age Management Services Ltd<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/nippon-life-india-asset-management-NIPF?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Nippon Life Asset Management Company Ltd<\/a>, and <a href=\"https:\/\/www.tickertape.in\/stocks\/hdfc-asset-management-company-HDFA?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">HDFC Asset Management Company Ltd<\/a> as their peers. However, there is no like for like basis comparison.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strengths-of-Prudent-Corporate-Advisory-Services-Ltd\"><\/span><strong>Strengths of Prudent Corporate Advisory Services Ltd&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The company is one of the fastest-growing financial products and services platforms in India, with a <a href=\"https:\/\/www.tickertape.in\/blog\/compound-annual-growth-rate\/\">CAGR<\/a> of more than 20%.<\/li><li>The company has a presence all over India with 23,262 mutual funds channel partners.&nbsp;<\/li><li>The company is operating in the underpenetrated asset management sector in the country.&nbsp;<\/li><li>The company uses technology to improve the experience for partners and investors.<\/li><li>The company has a diversified distribution network across the country that expands into underpenetrated B-30 markets.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risks-of-Prudent-Corporate-Advisory-Services-Ltd\"><\/span><strong>Risks of Prudent Corporate Advisory Services Ltd&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investments in equities and equity-related securities involve risk. Therefore, investors should also consider the risk factors before proceeding with an investment.&nbsp;<\/p>\n\n\n\n<ul><li>Operates in a highly regulated market which involves several laws and regulations from the government.&nbsp;<\/li><li>Works in an industry with heavy competition from banks, financial institutions and other wealth management firms.&nbsp;<\/li><li>Most of the revenue is generated from the commission and fee-based income.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-to-buy-Prudent-Corporate-Advisory-Services-Ltd-shares\"><\/span><strong>How to buy Prudent Corporate Advisory Services Ltd shares?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Prudent Corporate Advisory Services Ltd shares can be easily bought on Tickertape.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Here\u2019s a step-by-step guide for purchasing the stock:&nbsp;<\/p>\n\n\n\n<ul><li>Login to the <a href=\"https:\/\/www.tickertape.in?utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape<\/a>.<\/li><li>Visit <a href=\"https:\/\/www.tickertape.in\/stocks\/prudent-corporate-advisory-services-PRU?checklist=basic&amp;utm_source=blog&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Prudent Corporate Advisory Services Ltd Stock Page<\/a><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"582\" src=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.09-PM-1024x582.png\" alt=\"\" class=\"wp-image-9090\" srcset=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.09-PM-1024x582.png 1024w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.09-PM-300x171.png 300w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.09-PM-1536x874.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul><li>Analyse all the details with respect to the stock, such as the stock forecast, peer information, and key metrics.&nbsp;<\/li><li>You can also check the financials of the company, which is essential while investing in a stock.&nbsp;<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"583\" src=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.10.39-PM-1-1024x583.png\" alt=\"\" class=\"wp-image-9093\" srcset=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.10.39-PM-1-1024x583.png 1024w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.10.39-PM-1-300x171.png 300w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.10.39-PM-1-1536x875.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul><li>Click on \u2018Place Order\u2019.\u00a0<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"551\" height=\"1024\" src=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.26-PM-551x1024.png\" alt=\"\" class=\"wp-image-9092\" srcset=\"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.26-PM-551x1024.png 551w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.26-PM-162x300.png 162w, https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-09-at-6.08.26-PM.png 688w\" sizes=\"(max-width: 551px) 100vw, 551px\" \/><\/figure>\n\n\n\n<ul><li>Select the quantity of the stocks and complete the purchase.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investments are exposed to different kinds of risks. Before investing in any stock, make sure you evaluate your investment goal and the risk appetite.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-62a78b8a13b4f\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"1-What-is-Prudent-Corporate-Advisory-Services-Ltd-IPO\"><\/span>1. <strong>What is Prudent Corporate Advisory Services Ltd IPO?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>IPO stands for Initial Public Offering where a private company sells its shares to the public. Prudent Corporate Advisory Services Ltd, the wealth management firm listed its IPO in May 2022 on BSE and NSE.\u00a0<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-62a78b8a13b51\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"2-What-is-a-book-building-offer\"><\/span>2. <strong>What is a book building offer?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Book building is a process used by an underwriter to determine the price at which an IPO will be offered.\u00a0<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-62a78b8a13b52\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"3-How-many-lots-can-a-retail-investor-buy-on-Prudent-Corporate-Advisory-Services-Ltd\"><\/span>3. <strong>How many lots can a retail investor buy on Prudent Corporate Advisory Services Ltd?\u00a0\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>On Prudent Corporate Advisory Services Ltd, a retail investor can get about 13 lots where each lot contains 23 shares.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-62a78b8a13b53\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"4-Are-Prudent-Corporate-Advisory-Services-Ltd-shares-listed-on-exchanges\"><\/span>4. <strong>Are Prudent Corporate Advisory Services Ltd shares listed on exchanges?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes. Since 23 May 2022, Prudent Corporate Advisory Services Ltd shares are available for trading on stock exchanges.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-62a78b8a13b54\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"5-Who-are-the-lead-managers-for-Prudent-Corporate-Advisory-Services-Ltd\"><\/span>5. <strong>Who are the lead managers for Prudent Corporate Advisory Services Ltd?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The lead managers for Prudent Corporate Advisory Services Ltd during the issue are ICICI Securities Ltd, Axis Capital Ltd and Equirus Capital Pvt. Ltd.\u00a0<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another day, another company to join the IPO game is Prudent Corporate Advisory Services Ltd. This financial advisory company made its market debut on 20 May 2022. Read more about the company and its IPO debut.\u00a0\u00a0\u00a0<\/p>\n","protected":false},"author":90,"featured_media":9095,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[9,1727],"tags":[227,208,1640,15],"acf":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/06\/TT-9-June-Prudent-Corporate-BB.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9088"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=9088"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9088\/revisions"}],"predecessor-version":[{"id":9131,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9088\/revisions\/9131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/9095"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=9088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=9088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=9088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}