Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Prudent Corporate Advisory Services Limited files DRHP with SEBI

Posted On: 2021-08-17 18:00:34 (Time Zone: UTC)


Prudent Corporate Advisory Services Ltd. ("PCASL" or the "Company"), one of the largest independent retail wealth management services group (excluding banks and brokers) in India and are amongst the top mutual fund distributors in terms of average assets under management ("AAUM") and commission received, filed its DRHP with SEBI.

The Company offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. PCASL is the fastest growing national distributor (amongst the top 10 mutual fund distributors) in terms of commission and AAUM with a CAGR of 34.4% and 32.5% respectively for the five year period ending Fiscal 2021. The Company believes they have become an important interface between asset management companies ("AMCs") and mutual fund distributors or independent financial advisors ("MFDs") (and by extension, retail investors who avail services from such MFDs), over the last two decades. They are an independent platform with no single AMC contributing more than 15% of our AUM as of May 31, 2021.

The Initial Public Offer (IPO) consists of 8,549,340 equity shares of face value of ₹5 each of Prudent Corporate Advisory Services Limited comprising an offer for sale of up to 8,281,340 equity shares by Wagner Limited and up to 268,000 equity shares by Shirish Patel. This offer includes a reservation for purchase by eligible employees (the "Employee Reservation Portion").

The Book Running Lead Managers to the offer are ICICI Securities Limited, Axis Capital Limited and Equirus Capital Private Limited.

The equity shares are proposed to be listed on BSE and NSE.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

IPO of Shri Venkatesh Refineries Limited to open on BSE SME platform on Sept 29

Paras Defence raises Rs. 51 crores from Anchor Investors

Defence and Space Tech Co, Paras becomes most oversubscribed IPO in Capital Markets History

Hyderabad based Consumer Durable Retail Chain, Electronics Mart India files for Rs 500 cr IPO

Hyderabad based Hariom Pipe files for Rs 120 crore IPO

Florintree backed Defence Electronics Co. Data Patterns files for IPO

Paras Defence and Space Technologies Limited's IPO to open on September 21, 2021

Kolkata based Metal and Mining Co., Tega Industries files for its IPO

Private Market Intelligence SaaS Platform, Tracxn files for an IPO

Inspira Enterprise India Limited files DRHP with SEBI

Aptus Value Housing Finance India Limited, Issue subscribed 0.37 times, Retail portion booked 0.54 times on day 2

Nuvoco's IPO final day: Issue subscribed 1.71 times on final day, Best interest from QIB subscribed 4.23 times

Keventer Agro Limited files DRHP with SEBI

Aptus Value Housing Finance India Limited raises Rs. 834 crs from 21 Anchor Investors

Retail Segment laps up 80 % of CarTrade's IPO on Day 1

Nuvoco sees Steady Retail Category Interest 31% Subscribed on Day 1

Hyderabad based Edible Oil Co., Gemini Edibles & Fats files for Rs. 2500 cr IPO

Nuvoco Vistas raises Rs. 1,500 crores from Anchor Investors, 30% of the IPO size of Rs. 5,000 crores

Exxaro Tiles Limited IPO final day: Issue subscribed 22.57 times, Best interest from Retail investors subscribed 39.88 times

Devyani International Limited IPO Final Day: Issue subscribed 116.71 times, Retail portion booked 39.51

Devyani International Limited Issue subscribed 6.61 times, Retail portion booked 22.94 on day 2

Exxaro Tiles Limited IPO subscribed 10. 30 times, Retail portion booked 21.11 times on day 2

Chemplast Sanmar Limited Initial Public Offer to open on Tuesday, August 10, 2021

Aptus Value Housing Finance India Limited's IPO to open on August 10, 2021

Devyani International Limited Issue subscribed 2.69 times, Retail portion booked 11.36 times on day 1

Exxaro Tiles Limited Issue subscribed 4.67 times, Retail portion booked 9.29 times on day 1

Nuvoco Vistas's Rs. 5,000 crores IPO to open on August 09, 2021

FSN E-Commerce Ventures Private Limited (Nykaa) Files DRHP with SEBI for IPO

Profitable Multi-Channel Auto Platform CarTrade Tech Limited's IPO to open on August 09, 2021

Krsnaa Diagnostics Limited IPO to open on August 4, 2021

Fino Payments Bank becomes the first profitable fintech to file for an IPO

Devyani International Limited's IPO to open on August 04, 2021

Vitrified Tiles Major, Exxaro Tiles Limited's IPO to open on August 04, 2021

Windlas Biotech Limited Initial Public Offer to open on Wednesday, August 04, 2021

ESAF Small Finance Bank files for Rs 998 cr IPO

CarTrade Tech Limited gets SEBI approval to float Rs. 2000 crore IPO

Retail focused HFC, Aptus Value Housing gets SEBI approval for IPO

Glenmark Life Sciences IPO - Top Things to Know

Anand Rathi Wealth Ltd files for Rs 1000 cr IPO

Glenmark Life Sciences Limited IPO to open on July 27, 2021

QSR Player Devyani International gets SEBI approval for IPO

Nuvoco Vistas Corporation Limited gets SEBI approval to float Rs. 5000 crore IPO

Northern Arc Capital Limited plans for IPO files DRHP with SEBI

IPO-Bound Veeda Clinical Research acquires majority stake in Bioneeds preclinical

India's Leading Digital Ecosystem, Paytm files for Rs. 16,600 Crore IPO

Chemspec Chemicals Limited plans for IPO files DRHP with SEBI

Tatva Chintan Pharma Chem Initial Public Offer to open on July 16, 2021

G R Infraprojects Limited IPO oversubscribed by over 100 times

G R Infraprojects Limited Issue subscribed 5.90 times, Retail portion booked 7.49 times on day 2

Zomato Limited IPO to open on July 14, 2021


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020