Prudent Corporate Advisory Services has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to garner funds through an initial public offering (IPO).
The IPO of 85,49,340 equity shares is entirely an Offer For Sale (OFS) of 82,81,340 equity shares by Wagner and 2,68,000 equity shares by Shirish Patel. ICICI Securities, Axis Capital and Equirus Capital are the book running lead managers to the issue.
Prudent Corporate Advisory Services is one of the leading independent retail wealth management services group (excluding banks) in India and is amongst the top mutual fund distributors in terms of average assets under management and commission received.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
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