PRUDENT CORPORATE ADVISORY LTD IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Prudent Corporate IPO GMP Today, Prudent Corporate Advisory IPO Grey Market Premium Updates | Delhivery IPO Listing Gain, Latest target, Opening gain

Prudent Corporate IPO date fixed, the initial public offer (IPO) to hit the market on May 10, 2022, and close on May 12, 2022. Prudent Corporate Advisory Ltd IPO to raise ₹538.61 crores via IPO that comprises an offer for sale up to 8,549,340 equity shares of Rs.5 each. The retail quota is 35% with QIB 50% and HNI 15%.

Incorporated in 2003, Prudent Corporate Advisory Services Limited 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. The company offers digital wealth management (DWM) solutions through platforms, namely, FundzBazar, PrudentConnect, Policyworld, WiseBasket and CreditBasket.

Prudent Corporate Advisory Services provides investment and financial services platforms for the distribution of financial products through online and offline channels. Prudent Corporate Advisory Services is amongst the top 10 mutual fund distributors in terms of average assets under management AUM as of FY21. Prudent Corporate Advisory Services Limited is one of India’s leading independent and fastest-growing financial services groupsThe company has built a nationwide network, servicing 16,356 PIN codes. Prudent Corporate Advisory Services has 1,067 employees strength, 35.05 lakhs live folios and 15.25 lakhs live SIPs as of December 31, 2021.

Check out Prudent Corporate Advisory Ltd IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Prudent Advisory IPO Details:

Issuer Prudent Corporate Advisory Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: May 10, 2022
Issue Closes: May 12, 2022
Price Brand ₹595 to ₹630 Per Share
Issue Size ₹538.6 Crores
Face Value Rs.5 per Equity Share
Market Lot 23 Shares
Maximum Bid amount for Retail ₹188,370
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Listing at NSE & BSE
✔️ Apply With 👉 UPSTOX Free DEMAT Account
Equity Shares

Prudent Advisory IPO GMP Rates day by day

Prudent Advisory IPO Grey market premium as of today

 

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST
20 MAY 2022 ₹0
19 MAY 2022 ₹20
18 MAY 2022 ₹20 ₹300 ₹400
17 MAY 2022 ₹20 ₹300 ₹400
16 MAY 2022 ₹20 ₹300 ₹400
15 MAY 2022 ₹20 ₹300 ₹400
14 MAY 2022 ₹20 ₹300 ₹400
13 MAY 2022 ₹0 ₹300 ₹400
12 MAY 2022 ₹30 ₹300 ₹400
11 MAY 2022 ₹25 ₹300 ₹400
10 MAY 2022 ₹30 ₹350 ₹400
09 MAY 2022 ₹32 ₹350 ₹400
08 MAY 2022 ₹30 ₹400
07 MAY 2022 ₹30 ₹400
06 MAY 2022 ₹35 ₹400
05 MAY 2022 ₹35
04 MAY 2022 N/A
03 MAY 2022 N/A

Paytm Money

Prudent Corporate Advisory IPO Market Lot:

 Lot Size:  Minimum 23 Shares & Maximum 299 Shares (13 Lot)
 Minimum Amount: ₹14,490
 Maximum Amount: ₹188,370

Prudent Advisory IPO Allotment & Listing:

 Basis of Allotment: May 18, 2022
 Refunds: May 19, 2022
 Credit to Demat Account: May 20, 2022
 Listing Date: May 23, 2022

How to Apply for Prudent Corporate IPO?

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How to Apply Prudent Advisory IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Prudent Corporate Advisory Ltd”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Prudent Advisory IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Prudent Corporate Advisory”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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IPO ALLOTMENT TIPS & TRICKS

Check:-Prudent Corporate Advisory IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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