Prudent Corporate Advisory IPO Opens Today: Check GMP, Price, Other Details Here

Prudent Corporate IPO GMP: The grey market premium of the upcoming IPO was Rs 30 per share on Tuesday. It is around 5 per cent as compared to the price band of Rs 595-630 fixed by the company.

Published: May 10, 2022 10:02 AM IST

By India.com Business Desk | Edited by Raghav Aggarwal

aether industreis ipo gmp, aether industries ipo
Aether Industries IPO: The share allotment is expected to be announced on May 31 (Photo: IANS)

Prudent Corporate IPO | New Delhi: The IPO of wealth management service provider Prudent Corporate Advisory Services Ltd will open for three days from tomorrow, May 10. The IPO will close on May 12. The company is the owner of websites like Pribazar, WiseBasket, Policyworld and CreditBasket. The company also gives mutual fund distribution advice.

In the next 15 days, six IPOs in India will aim to raise Rs 30,000 crore from the investors. These include mega IPOs like LIC and Delhivery, mid-sized IPOs like Campus Activewear and Rainbow Children’s healthcare and smaller ones like Prudent Corporate IPO. Experts are, however, divided in their views on whether IPOs will be able to revive the falling charm of the Indian share market or not.

Prudent Corporate IPO GMP, Price, Other Details

  • Prudent Corporate Advisory IPO Date: The Prudent Corporate Advisory IPO will open on May 10 and close on May 12 after three days of bidding.
  • Prudent Corporate Advisory IPO Listing Date: The listing date is tentatively May 23.
  • Prudent Corporate Advisory IPO Size: The company is aiming to raise Rs 538 crore through the IPO. The company will sell 85,49,340 equity shares in offer-for-sale (OFS).
  • Prudent Corporate Advisory IPO Price: The price band of the Prudent Corporate Advisory IPO has been fixed at Rs 595-630 per equity share.
  • Prudent Corporate Advisory Services IPO Lot Size: Investors will be able to bid for 23 shares for one lot. The value of one lot will be Rs 14,490. The maximum limit of bidding is 13 lots per investor.
  • Prudent Corporate Advisory IPO GMP Today: The grey market premium (GMP) of Prudent Corporate Advisory IPO was Rs 30, as per IPO Watch. According to this, the IPO is trading at Rs 660 apiece.

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