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Prudent Corporate Advisory Services Ltd
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Registered Office:
Prudent House 3 Panjarapole,Cross Road Ambawadi
,
Ahmedabad
-
380015
,
Gujarat
, India.
Phone :
91-79-40209600 Fax:
Email : cs@prudentcorporate.com
Website : www.prudentcorporate.com
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Initial public offer of 8,549,340# equity shares of face value of Rs5 each (the "Equity Shares") of Prudent Corporate Advisory Services Limited (The "Company") for cash at a price of Rs630 per equity share (including a share premium of Rs625 per equity share) aggregating to Rs537.94 crores# (the "Offer"), comprising an offer for sale of 8,281,340# equity shares aggregating to Rs521.07 crores# by Wagner Limited ("Wagner") and 268,000# equity shares aggregating to Rs16.86 crores# by Shirish Patel (together with Wagner, the "Selling Shareholders"). This offer included a reservation of 113,835# equity shares aggregating to Rs6.50 crores# (constituting up to 0.27% of the post-offer paid-up equity share capital of the company) for purchase by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer:. The offer and the net offer constitutes at least 20.65% and 20.37% of the post-offer paid-up equity share capital, respectively.
# subject to finalization of the basis of allotment.
The face value of the equity shares is Rs5 each. The offer price is 126 times the face value of the equity shares.
Price Band:Rs630 per equity share of face value of Rs5 each.
Bids can be made for a minimum of 23 equity shares and in multiples of 23 equity shares thereafter.
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Opens On
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Closes On
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Application
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Allotment
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10-May-22
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12-May-22
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Rs 630.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :23 Further
Multiples of :23
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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0.00
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Project Financed through Current Offer
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537.94
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Post Issue Equity Share Capital
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20.70
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Issue Price
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Rs 630.00
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