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 Rs. 5 each (the "Equity Shares") of Prudent Corporate Advisory Services Limited (The "Company") for cash at a price of Rs. 630 per equity share (including a share premium of Rs. 625 per equity share) aggregating to Rs. 537.94 crores# (the "Offer"), comprising an offer for sale of 8,281,340# equity shares aggregating to Rs. 521.07 crores# by Wagner Limited ("Wagner") and 268,000# equity shares aggregating to Rs. 16.86 crores# by Shirish Patel (together with Wagner, the "Selling Shareholders"). This offer included a reservation of 113,835# equity shares aggregating to Rs. 6.50 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 Rs. 5 each. The offer price is 126 times the face value of the equity shares.
Price Band:Rs. 630 per equity share of face value of Rs. 5 each.
Bids can be made for a minimum of 23 equity shares and in multiples of 23 equity shares thereafter. |
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 10-May-22 |
12-May-22 |
630.00-0.00 |
0.00-0.00 |
|
|
Minimum Application for shares in Nos :
23
Further Multiples of :
23
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|
| |
(Rs) |
Lead Managers to the Issue |
| Project Cost |
0.00 |
Axis Capital Ltd
|
| Project Financed through Current Offer |
537.94 |
|
| Post Issue Equity Share Capital |
20.70 |
|
| Issue Price |
630.00 |
|
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