Business Standard

Prudent Corporate Advisory Services Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

537.94 cr

Price Range (₹)

630

Lot Size

23

Min Investment (₹)

14,490.00

Listing Exchange

MumbaiNSE

Open Date

10-May-2022

Close Date

12-May-2022

Listing Date

20-May-2022

Prudent Corporate Advisory Services Ltd News

    The Shares of Prudent Corporate Advisory Services Ltd have now been listed.

    Prudent Corporate Advisory Services Ltd IPO Details

    Initial public offer of 8,549,340# equity shares of face value of Rs. 5 each (the Equity Shares) of Prudent Corporate Advisory Services Limited (The Company) for cash at a price of Rs. 630 per equity share (including a share premium of Rs. 625 per equity share) aggregating to Rs. 537.94 crores# (the Offer), comprising an offer for sale of 8,281,340# equity shares aggregating to Rs. 521.07 crores# by Wagner Limited (Wagner) and 268,000# equity shares aggregating to Rs. 16.86 crores# by Shirish Patel (together with Wagner, the Selling Shareholders). This offer included a reservation of 113,835# equity shares aggregating to Rs. 6.50 crores# (constituting up to 0.27% of the post-offer paid-up equity share capital of the company) for purchase by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer:. The offer and the net offer constitutes at least 20.65% and 20.37% of the post-offer paid-up equity share capital, respectively.# subject to finalization of the basis of allotment.The face value of the equity shares is Rs. 5 each. The offer price is 126 times the face value of the equity shares.Price Band:Rs. 630 per equity share of face value of Rs. 5 each.Bids can be made for a minimum of 23 equity shares and in multiples of 23 equity shares thereafter.

    Objective of issue

    Listing of Shares on the Stock Exchanges.

    Prudent Corporate Advisory Services Ltd Contact Details

    Prudent Corporate Advisory Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@prudentcorporate.com

    Website - www.prudentcorporate.com