Prudent Corporate Advisory Services has debuted at Rs 660.00 on the BSE, up by 30.00 points or 4.76% from its issue price of Rs 630.
The scrip is currently trading at Rs 584.20, down by 45.80 points or 7.27% from its issue price. It has touched a high and low of Rs 660.00 and Rs 576.50 respectively. So far 1.43 lakh shares were traded on the counter.
The offering was open for subscription between May 10, 2022 and May 12, 2022 with issue price fixed at Rs 630 per share i.e. at upper end of price band of Rs 595-630 apiece.
The issue did not receive a robust response from investors and was subscribed 1.22 times its size of Rs 538.61 crore. Its QIB portion was subscribed 1.26 times, while the portion reserved for non-institutional investors got a subscription of 0.99 times. Retail investors did not evince much interest and subscribed 1.29x the portion reserved for them. The employees of the company lapped up 1.23 times of their allotted portion.
Prudent Corporate Advisory Services provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms.
Company Name | CMP |
---|---|
Max Financial | 977.85 |
Delphi World Money | 214.00 |
SBFC Finance | 81.72 |
Anand Rathi Wealth | 3937.00 |
Prudent Corporate | 1569.70 |
View more.. |