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Prudent Corporate Advisory IPO fully subscribes by 1.22 times on last day

By Livemint
The Price Band for the IPO stood at ₹595 to ₹630 per Equity Share of the face value of ₹5 each.

NSE data revealed that the IPO received cumulative bids of 73,30,928 equity shares against the offered size of 60,18,689 equity shares - subscribing by 1.22 times.

The portion kept for Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs) fully subscribed by 1.26 times and 1.29 times respectively.

However, the part kept for Non-Institutional Investors (NIIs) subscribed by 99% against the reserved size.

The Price Band for the IPO stood at 595 to 630 per Equity Share of the face value of 5 each.

Under the IPO, 50% of the total size was offered to QIBs, 15% to NIIs and the remaining 35% was retail investors.

Post the IPO, the company will be listed on both BSE Limited (“BSE") and the National Stock Exchange of India Limited (“NSE", together with BSE, the “Stock Exchanges").

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Dive Deeper:
Prudent Corporate IPO: Issue subscribed 36% on Day 1
Prudent Corporate IPO comprises an OFS of 82,81,340 equity shares by Wagner Ltd and up to 2,68,000 shares by Shirish…
Venus Pipes IPO: Subscribes by 4.43 times on Day 2 driven by retail investors, HNIs
As per the data, the portion reserved for retail individual investors (RIIs) oversubscribed by 7.52 times, while the portion allocated…
Venus Pipes IPO: GMP, subscription status on day 2 of the bidding
Venus Pipes IPO was subscribed 2.37 times on first day of offer
LIC IPO share allotment: How to check your status
NEW DELHI: India's biggest initial public offer (IPO) by Life Insurance Corporation (LIC) received a stellar response from investors.
One subscription that gives you access to news from hundreds of sites
Venus Pipes IPO fully subscribed, retail segment overbooked on day 1. GMP, key points
Venus Pipes & Tubes IPO, with a price band of ₹310-326 a share, will be open till Friday, May 13,…
Delhivery IPO: GMP, subscription status, other details. Should you subscribe or skip?
The size of the Delhivery IPO has been cut to ₹5,235 crore from ₹7,460 crore planned earlier
Get all your news in one place