Retail Individual Investors (RIIs) portion got subscribed 1.29 times, while Qualified Institutional Buyers (QIBs) received 1.26 times subscription and non-institutional investors 99 per cent.
The company’s Initial Public Offer (IPO) of up to 85,49,340 equity shares had a price range of Rs 595-630 per share.
On Monday, Prudent Corporate Advisory Services raised a little over Rs 159 crore from anchor investors.
Prudent Corporate Advisory Services is one of the leading independent retail wealth management services groups (excluding banks) in India and is among the top mutual fund distributors in terms of average assets under management and commission received.
Equirus Capital, ICICI Securities and Axis Capital were the managers to the offer. PTI SUM SHW