Prudent Corporate Advisory IPO: Prudent Corporate Advisory IPO gets 1.22 times subscription on last day

New Delhi: The preliminary public provide of Prudent Company Advisory Companies was subscribed 1.22 instances on the final day of provide on Thursday. The Rs 538.61-crore IPO bought bids for 73,30,928 shares towards 60,18,689 shares on provide, as per NSE knowledge.

Retail Particular person Traders (RIIs) portion bought subscribed 1.29 instances, whereas Certified Institutional Patrons (QIBs) obtained 1.26 instances subscription and non-institutional traders 99 per cent.

The corporate’s Preliminary Public Provide (IPO) of as much as 85,49,340 fairness shares had a value vary of Rs 595-630 per share.

On Monday, Prudent Company Advisory Companies raised just a little over Rs 159 crore from anchor traders.

Prudent Company Advisory Companies is without doubt one of the main unbiased retail wealth administration companies teams (excluding banks) in India and is among the many high mutual fund distributors when it comes to common property beneath administration and fee obtained.

Equirus Capital, ICICI Securities and Axis Capital had been the managers to the provide. PTI SUM SHW