Share Allotment Status of Initial Public Offering of Prudential Corporate Advisory Services (IPO) has been finalized. Prudential Corporate Advisory Services IPO Received good response from investors during the subscription period. Prudential Corporate Advisory Services IPO 1.22 times subscribed on the last day of bidding. If you have invested in prudent IPONow you can check the status of your application. There are two ways a) through BSE, b) through registrar’s website
How to Check Share Allotment Status of Prudential Corporate Advisory Services IPO through BSE
a) Log on to the direct link of BSE website —bseindia.com/investors/appli_check.aspx
b) Under Issue Type, click on ‘Equity’
c) Under Issue Name, select Prudent Corporate Advisory Services Limited in the drop box
c) Enter your Prudential Corporate Advisory Services IPO Application Number
d) Enter your PAN details
e) Click on ‘I am not a robot’
f) Click on ‘Submit’ button
The official registrar link for Prudent Corporate Advisory Services IPO is Intime India private Limited. The bidders can also check their share allotment status on the website of the Registrar after finalization.
Step-by-Step Guide to Check Allotment Status of Prudential Corporate Advisory Services IPO through Link Intime India
a) Visit Link Intime India Pvt Ltd website – https://linkintime.co.in/mipo/ipoallotment.html
b) Now, select Prudent Corporate Advisory Services Limited in Dropbox. Investors should know that the name of the latest IPO will appear in Dropbox only when the allotment status is finalised.
c) Once the company is selected, you need to enter your PAN details, Application Number or Client ID.
e) In Application Type, choose between ASBA and Non-ASBA
e) Next, you need to fill the captcha for security purposes
f) Now, hit the ‘Submit’ button
The application to the investor and the number of shares allotted will be displayed on the screen.
Shares of Prudent Corporate Advisory Services will be listed on the stock exchange on May 23.
According to IPO Watch, the unlisted stake in Prudent Corporate Advisory Services IPO was trading at a premium of Rs 20 in the gray market on May 19.
Started in 2003, Prudent Corporate Advisory Services Limited is well known retail wealth management company. It offers mutual funds, life and general insurance, stock broking, SIP with insurance, gold accumulation scheme etc.
Prudent’s IPO is open for subscription from May 10-12. The price band has been fixed at Rs 595 – Rs 630. Investors were required to bid for a minimum of 23 shares and multiple thereafter. On valuation of Prudent IPO, Angel One said, “Prudent at the higher end of the price band will trade at a P/E multiplier of 34.0x its annualized EPS for 9MFY2022 as compared to Anand Rathi, who is trading at 20.5xFY2022 earnings We believe that Prudent has a very strong retail focused business model which gives them a distinctive
Competitive advantage and it will be difficult to replicate. ,
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