Last Updated on December 27, 2023 by BFSLTeam BFSLTeam
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What is Prudent Corporate Advisory IPO Allotment Status?
The Prudent Corporate Advisory IPO allotment status refers to whether an investor who applied for shares in the IPO has been allotted shares or not. To check IPO allotment status, investors can visit the website of the registrar or the stock exchange where they applied for the IPO and enter their details such as PAN number or application number. Third-party websites also provide information on the IPO allotment status.
For the Prudent Corporate Advisory Services IPO, the basis of allotment finalisation date was 18th May 2022 and the refunds were initiated on 19th May 2022.
Prudent Corporate’s Initial Public Offering
The allotment status for Prudent Corporate’s initial public offering (IPO) was disclosed on May 18. The IPO for the retail wealth management firm was open from May 10 to May 12, 2022.
Prudent’s IPO is a complete offer for the sale of 85.49 lakh shares, with all proceeds going directly to the company’s promoters and shareholders, without any investment in the company itself. The IPO’s price band was set at ₹595 to ₹630 per share, and it is anticipated to be listed on May 23.
Prudent Corporate specialises in mutual fund products, insurance, stockbroking services, fixed-income products, gold accumulation plans, and more. As of May 31, 2021, the company caters to 7.72 lakh unique retail investors through 17,583 mutual fund distributors.
In the grey market, the company’s shares are trading at a premium (GMP) of ₹18.
Ways to Check Prudent Corporate Advisory IPO Allotment Status
To check the Prudent Corporate Advisory IPO allotment status, there are different ways. One way is to visit the BSE website or the IPO registrar, Link Intime, and follow the steps to check the allotment status. Another way is to visit third party websites, where you can easily check Prudent Corporate Advisory IPO allotment status.
Additionally, investors can check ipo allotment status by using their PAN number, application ID, or DP number.
Additional Read: What is IPO Allotment Process
Steps to Check Prudent Corporate Advisory IPO Allotment Status on BSE
Here are the steps to check the Prudent Corporate Advisory IPO allotment status on the BSE website:
- Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx
- Select the issue type as “Equity” from the drop-down menu.
- Select “Prudent Corporate Advisory Services” from the drop-down menu under “Issue Name.”
- Enter your application number or PAN number in the required field.
- Click on the “Search” button.
- The allotment status of your Prudent Corporate Advisory IPO application will be displayed on the screen.
Additional Read: What are DRHP and RHP in IPO
In Summation
In conclusion, Prudent Corporate Advisory Services Ltd’s initial public offering (IPO) in 2022 marked a significant milestone for the company, which has been operating in the financial services industry for over two decades. The IPO was a book-building offer, and the company was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO provided an opportunity for investors to acquire shares in the company, which offers financial services to individuals, corporates, high-net-worth individuals, and ultra-high-net-worth individuals. The company’s assets under advice (AUA) stood at Rs. 33,316 crore, with nearly 90% of the AUA in the form of equity fund assets under management (AUM). Prudent Corporate Advisory’s IPO was lead managed by ICICI Securities, Axis Capital, and Equirus Capital. Investors should carefully evaluate their investment goals and risk appetite before investing in the IPO, as investments are exposed to various risks.
Frequently Asked Questions
The Prudent Corporate Advisory IPO allotment status can be checked on the third party websites or the BSE website. If you prefer to check IPO allotment on the BSE website, you can select the ‘Equity’ option, choose the issue name, and enter your application number and PAN card number.
The Prudent Corporate Advisory IPO allotment status was finalised on May 18, 2022. You can check IPO allotment on any third party website if you have applied for the IPO on their platform.
To check the Prudent Corporate Advisory IPO allotment status, you will need your PAN card, DP client ID, and application number. You can use these details to check the allotment status on the websites of BSE/NSE or through the registrar, Link Intime India Pvt Ltd.
If you don’t get the allotment in the Prudent Corporate Advisory IPO, the amount will be unblocked, and you will be able to use the amount in your bank account. The shares will be distributed proportionately among investors, and it is possible that some investors may not get any shares at all in case of oversubscription.
You can check the Prudent Corporate Advisory IPO allotment status on the various third party websites if you have applied for the IPO on their platform. Alternatively, you can also check the allotment status on the BSE website or through the registrar, Link Intime India Pvt Ltd.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
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