Prudent Corporate Advisory Services IPO GMP History
Prudent Corporate Advisory Services IPO has been listed on May 20, 2022 at a listing price of ₹650, against the issue price of ₹630 — a gain of ₹20 (+3.17%). The GMP peaked at ₹35 on 10 May 2022 and reached a low of ₹15 on 16 May 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Prudent Corporate Advisory Services IPO raised ₹428.28 Cr. through its IPO at a price band of ₹595 to ₹630 per share, with a lot size of 23 shares. The IPO was open for subscription from 10 May 2022 to 12 May 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:26 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 19 May 2022 | ₹ 20 | — | 3% | — | — |
| 18 May 2022 | ₹ 20 | — | 3% | — | — |
| 17 May 2022 | ₹ 20 | ▲ | 3% | — | — |
| 16 May 2022 | ₹ 15 | ▼ | 2% | — | — |
| 12 May 2022 | ₹ 30 | ▲ | 5% | — | — |
| 11 May 2022 | ₹ 25 | ▼ | 4% | — | — |
| 10 May 2022 | ₹ 35 | ▲ | 6% | — | — |
| 09 May 2022 | ₹ 30 | — | 5% | — | — |
| 07 May 2022 | ₹ 30 | ▼ | 5% | — | — |
| 06 May 2022 | ₹ 35 | — | 6% | — | — |
| 05 May 2022 | ₹ 35 | — | 6% | — | — |
Prudent Corporate Advisory Services IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 10 May 2022
- Close 12 May 2022
- Allotment 18 May 2022
- Refund/credit 19 May 2022
- Listing 20 May 2022
Prudent Corporate Advisory Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹630 |
|---|---|
| GMP-based estimate (pre-listing) | ₹665 (+5.6%) |
| Listing gain / loss | +₹20 per share |
| Listing date | 20 May, 2022 |
| Actual listing price | ₹650 (+3.17%) |
Is Prudent Corporate Advisory Services IPO GMP reliable?
Grey market premium for Prudent Corporate Advisory Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Prudent Corporate Advisory Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Prudent Corporate Advisory Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Prudent Corporate Advisory Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Prudent Corporate Advisory Services IPO
Prudent Corporate Advisory Services Limited was incorporated at Ahmedabad on 4 June 2003. It provides retail wealth management services, including mutual fund products, life and general insurance, stock broking, gold accumulation and asset allocation.
It runs digital wealth platforms FundzBazar, PrudentConnect, Policyworld, WiseBasket and CreditBasket, and distributes through both online and offline channels.
It was among the top 10 mutual fund distributors by average AUM in FY21, and served 13,51,274 unique retail investors on 31 December 2021.
The IPO was Rs 428.28 crore and was entirely an offer for sale by investor Wagner Limited and another shareholder, so the company received none of the money.
Frequently asked
What is the GMP of Prudent Corporate Advisory Services IPO?
The current Grey Market Premium (GMP) of Prudent Corporate Advisory Services IPO is ₹ 35.
What is the Kostak Price of Prudent Corporate Advisory Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Prudent Corporate Advisory Services IPO is not available.
What is the Subject to Sauda Price of Prudent Corporate Advisory Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Prudent Corporate Advisory Services IPO?
Prudent Corporate Advisory Services IPO listed on May 20, 2022 at ₹650, against the issue price of ₹630 — a gain of +3.17%.
How did the GMP of Prudent Corporate Advisory Services IPO trend before listing?
The GMP of Prudent Corporate Advisory Services IPO was stable in its final days before listing. The GMP peaked at ₹35 on 10 May 2022. View the day-wise table above for the complete GMP history.
Explore Prudent Corporate Advisory Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
