Prudent Corporate Advisory Services Limited

IPO Size

`538.61 Cr

Price Band

`595-630 Per Share

Minimum Lot Size

23 Share

Face Value

`5 Per Share

Employee Discount

NA

Retail Allocation

NA

Issue Open Date

10 May 2022

Issue Close Date

12 May 2022

Listing Date

23 May 2022

About the company:

As of May 31, 2021, Prudent’s assets under management from the mutual fund distribution business (“AUM”) stood at ₹ 333,159.52 million with 88.63% of its total AUM being equity-oriented. The AUM has increased from ₹ 166,677.52 million as of March 31, 2018, to ₹ 333,159.52 million as of May 31, 2021, at a CAGR of 24.42% with its equity-oriented AUM increasing from ₹ 138,657.92 million to ₹ 295,285.11 million during the same period, at a CAGR of 26.93%.

 

The Number of SIP handled by the firm grew from 0.79 million as of April 1, 2018, to 1.06 million as of May 31, 2021. Correspondingly, equity AUM from SIPs increased from ₹ 40,384.66 million (representing 29.08% of our total equity AUM) as of March 31, 2018, to ₹ 130,225.04 million (representing 44.11% of the total equity AUM) as of May 31, 2021.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases - - - 1 - -
Material civil cases - - - - - -
Taxation matters - 2 - 1 - 2
Regulatory Procedings - - - - - -

Financial Statements:

Income Statement(in Milllions) FY21 FY20 FY19
Gross Operating Income 2,948.96 2,362.20 2,250.00
Cost of Employee & Inventory 555.08 489.22 431.63
Other Expenses 2,343.72 1,987.86 1,944.87
EBITDA 702.99 480.45 393.38
Depreciation 81.19 79.45 76.00
Finance Cost 16.56 26.7 30.85
Profit/Loss Before Tax 605.24 374.30 286.53
 Tax 152.27 95.81 76.34
Profit After Tax 452.97 278.53 210.19
       

Promoter of the Company

Sanjay Shah

Peer Comparison

• IIFL Wealth Management Ltd • ICICI Securities Ltd • Central Depository Services (India) Limited • Computer Age Management Services Limited • HDFC Asset Management Company Limited • Nippon Life India Asset Management Ltd • UTI Asset Management Company Ltd

Objectives of the Issue

Offer for Sale

The company will not receive any proceeds from the Offer for Sale of 8,549,340 shares

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