Prudent Corporate Advisory Services Ltd., an independent wealth management and a leading mutual fund distributor, kicked off its three-day initial public offering.
The company will sell shares at Rs 595-630 apiece, and is seeking to raise Rs 538 crore, all of which will go to the selling shareholders.
It will have a post-issue market value of Rs 2,609 crore.
Subscription Details: Day 1
The IPO subscribed 0.36 times or 36% as of 5 p.m. on May 10.
Institutional investors: 0 times.
Non-institutional investors: 0.02 times.
Retail investors: 0.72 times.
Employees: 0.35 times.
(Source: BSE)
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