Share Allotment for Prudent Corporate IPO Completed: How to Check Status on BSE, Link Intime, and GM
The initial public offering (IPO) share allocation status for Prudent Corporate Advisory Services has been completed. During the subscription period, investors responded reasonably well to the first public offering of Prudent Corporate Advisory Services. On the last day of bidding, the Prudent Corporate Advisory Services IPO was subscribed 1.22 times. If you bought into the Prudent IPO, you may now check the progress of your application. There are two methods. BSE, the registrar's website, or both
How to Check Share Allotment Status of Prudent Corporate Advisory Services IPO via BSE
a) Access the BSE website directly at bseindia.com/investors/appli check. aspx and log in.
b) Select "Equity" from the issue type list.
c) From the drop-down menu next to the issue name, choose Prudent Corporate Advisory Services Limited.
c) Type in the IPO application number for Prudent Corporate Advisory Services.
d) Provide your PAN information
e) Select the "I'm not a robot" box.
f) Press the "Submit" button.
Link Intime India Private Limited is the designated registrar for the IPO of Prudent Corporate Advisory Services. Once it is finalized, bidders can also monitor the status of their share allocation on the registrar's website.
A Step-by-step Guide to Check Allotment Status of Prudent Corporate Advisory Services IPO via Link Intime India
1. Visit the website of Link Intime India Private Limited at https://linkintime.co.in/mipo/ipoallotment.html.
b) Choose Prudent Corporate Advisory Services Limited from the dropdown menu at this point. Investors need to be aware that the most recent IPO's name won't show up in dropbox until the allotment status is finalizedfinalized
c) After choosing the company, you must input your PAN information, the application number, or the customer ID.
e) In the application type field, choose either ASBA or non-ASBA.
e) Next, you must complete a captcha for security reasons.
f) Click the "Submit" button now.
The investor will see on the screen how many shares have been applied for and allocated to them. On May 23, Prudent Corporate Advisory Services will list a share on the stock exchange.
According to IPO Watch, the unlisted share of the Prudent Corporate Advisory Services IPO was fetching a premium of Rs 20 on May 19.
Prudent Corporate Advisory Services Limited, a reputable retail wealth management firm, was founded in 2003. Among other things, it provides mutual funds, life, and other insurances, stock brokerage, SIP with insurance, and gold accumulation plans.
From May 10 to 12, subscriptions for the prudent IPO were open. The range of prices has been set from Rs. 595 to Rs. 630. Investors had to make numerous bids starting at 23 minimum shares. According to Angel One's valuation of the Prudent IPO, Prudent will trade at a P/E multiple of 34.0x its annualized EPS for 9MFY2022 as opposed to Anand Rathi, which is trading at 20.5xFY2022 earnings, at the higher end of the price range. We think that cautious has a very solid, retail-focused business model that gives them a unique competitive advantage.
a distinct competitive advantage that will be challenging to duplicate.