Prudent Corporate IPO: The IPO of Prudent Corporate is going to open from 10 May 2022. Prudent Corporate is going to raise Rs 538.6 crore from the market through IPO. However, the company is bringing its IPO when the market is witnessing huge volatility.
Price Band of Prudent Corporate IPO
The IPO of Prudent Corporate will open on May 10 and investors will be able to apply till May 12. The company has fixed a price band of Rs 595 to 630 per share for the IPO. The face value of the company’s share is Rs 5 per share. Investors can apply for a minimum of 23 shares. 35 percent quota of retail investors has been kept in reserve in the IPO. According to the IPO price, the market value of the company comes to Rs 2608 crore.
Prudent Corporate provides different technology platforms for investing in Mutual Funds, Insurance, Equity. The company sells both online and offline. The company has 23,642 mutual fund distributors. The company has sold mutual fund schemes to 13,51,274 retail investors. The company is present in 110 cities in 20 states. The company’s revenue in 2020-21 was Rs 294 crore, on which net profit was Rs 45.2 crore.
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