The stock allocation status of the Prudent Corporate Advisory Services (IPO) IPO is final. The IPO of Prudent Corporate Advisory Services received a significant response from investors during the subscription period. Prudent Corporate Advisory Services IPO was subscribed 1.22 times on the last day of bidding. If you have invested in Prudent IPO, you can now check the status of your application. There are two ways: a) through BSE, b) through the registrar’s website
How to check Prudent Corporate Advisory Services IPO status through BSE
a) Log in via the direct link to the BSE website —bseindia.com/investors/appli_check.aspx
b) Click on ‘Equity’ under the issue type
c) Under the issue name, select Prudent Corporate Advisory Services Limited from the drop box
c) Enter your Prudent Corporate Advisory Services IPO Application Number
d) Enter your PAN details
e) Click on ‘I am not a robot’
f) Click the ‘Send’ button
The official registrar for the Prudent Corporate Advisory Services IPO is Link Intime India Private Limited. Bidders may also check the status of their share allotment on the registrar’s website once it is finalized.
A Step by Step Guide to Check Prudent Corporate Advisory Services IPO Assignment Status through Link Intime India
a) Visit Link Intime India Private Limited website — https://linkintime.co.in/mipo/ipoallotment.html
b) Now select Prudent Corporate Advisory Services Limited from the drop box. Investors should know that the name of the last IPO will only appear in the drop box when the allotment status is complete.
c) After the company is selected, you must enter your PAN details, application number or customer ID.
e) In the application type, select between ASBA and non-ASBA
e) After this you need to fill captcha for security reasons
f) Now press the ‘Send’ button
The number of shares applied and allocated to the investor is displayed on the screen.
The Prudent Corporate Advisory Services share will go public on May 23.
The unlisted share of the Prudent Corporate Advisory Services IPO had a premium of Rs 20 in the gray market on May 19, according to IPO Watch.
Established in 2003, Prudent Corporate Advisory Services Limited is a well-known retail asset management company. It offers mutual funds, life and general insurance, stock brokerage, SIP with insurance, gold accumulation plan among others.
Prudent IPO open for registration May 10-12. The price range has been set at Rs Rs 595 – Rs 630. Investors were required to bid a minimum of 23 shares and then several. On the valuation of the Prudent IPO, Angel One said: “At the high end of the price range, Prudent will trade at a P/E multiple of 34.0x annual EPS for 9MFY2022 compared to Anand Rathi, which trades at a profit of 20.5xFY2022. We believe that prudent has a very strong retail business model that sets them apart:
competitive advantage and will be difficult to replicate.”
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