Here’s how you can check Prudent Corporate IPO’s allotment status, GMP and more

• The allotment status for the IPO of Prudent Corporate would be announced later today, May 18.
• The IPO from retail wealth management firm Prudent is a complete offer for sale of 85.49 lakh shares.
• The price band of Prudent Corproate’s IPO was ₹595 - ₹630 per share,and it is expected to be listed on May 23.

The allotment status for the initial public offering (IPO) of Prudent Corporate would be announced later today, May 18. The retail wealth management firm’s public issue opened between May 10-12, 2022.

The IPO from retail wealth management firm Prudent is a complete offer for sale of 85.49 lakh shares, meaning that all the proceeds would directly go to the promoters and shareholders of the company. No amount would be invested in the company.

The price band of Prudent Corproate’s IPO was ₹595 - ₹630 per share, and it is expected to be listed on May 23.

The company offers mutual fund products, insurance products, stockbroking services, fixed income products, gold accumulation plans and so on. It provides wealth management services to 7.72 lakh unique retail investors through 17,583 mutual fund distributors (MFDs) as on May 31, 2021.

Shares of the company have been commanding a premium (GMP) — premium at which companies are trading in the grey market — of ₹18 in the grey market.

Here is how to check Prudent Corporate’ IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'Prudent Corporate’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar's website (Link Intime India) to check your application

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Prudent Corporate ’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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