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Prudent Corporate Advisory gets Rs 159 cr from anchor investors before IPO

The company has decided to allocate a total of 25,30,651 equity shares to anchor investors at Rs 630 apiece, aggregating the transaction size to Rs 159.43 crore, as per the circular uploaded on BSE

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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.

PTI New Delhi

3 min read Last Updated : May 09 2022 | 10:50 PM IST

Retail wealth management firm Prudent Corporate Advisory Services on Monday said it has raised a little over Rs 159 crore from anchor investors ahead of its initial share sale.

The company has decided to allocate a total of 25,30,651 equity shares to anchor investors at Rs 630 apiece, aggregating the transaction size to Rs 159.43 crore, as per the circular uploaded on BSE.

Societe Generale, Kuber India Fund, DSP Mutual Fund (MF), HDFC MF, Axis MF, L&T MF, UTI MF, Canara Robeco MF, Motilal Oswal MF, Aditya Birla Sun Life MF, Kotak MF and HSBC MF are among the anchor investors.

The initial

Topics : Investors BSE IPO India

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