#Didyouknow
Prudent Corporate Advisory Services Ltd. (Prudent Corporate)is amongst the top mutual fund distributors in terms of average AUM and commission received?
The company is an independent retail wealth management services group.
#ipo #prudentcorporate
Prudent Corporate Advisory Services Ltd. (Prudent Corporate)is amongst the top mutual fund distributors in terms of average AUM and commission received?
The company is an independent retail wealth management services group.
#ipo #prudentcorporate
1)As on Dec 31, 2021, their AUM from the mutual fund distribution business stood at ₹ 48,411.47 crores with 92.14% of their total AUM being equity-oriented.
2)As on Dec 31, 2021, they provided wealth management services to 1,351,274 unique retail investors through 23,262 MFDs on their B2B2C platform and are spread across 110 locations in 20 States.
3)Also, the number of AMFI Registration Number (ARN) holders empanelled with them stood at 23,262, representing 18.46% of the industry.
4)The co. also distributes Life and General Insurance Products in India and as of December 31, 2021, they distributed 74,037 policies.
5)Platforms provided:
i)Fundzbazar is an online investment platform offers variety of investment products
ii)PrudentConnect is a virtual office for all MFDs registered with the company which provides end-to-end support for MFDs for various processes.
i)Fundzbazar is an online investment platform offers variety of investment products
ii)PrudentConnect is a virtual office for all MFDs registered with the company which provides end-to-end support for MFDs for various processes.
iii)Policyworld is an online insurance platform offers completely paperless transactions for variety of insurance solutions iv)WiseBasket an online facility to invest in multiple model stock portfolios.
v)Prubazaar provides the facility to the clients to buy/sell equities through web portal or mobile app.
vi)CreditBasket portal offering finance to customers through a wide range of retail loan products and credit card products for varying financial needs.
vi)CreditBasket portal offering finance to customers through a wide range of retail loan products and credit card products for varying financial needs.
6)Operational Statistics:
7)Competitive Strengths:
i)The co. intends to increase their footprint in B-30 cities and rural markets. Their mix of physical and digital model allows them to selectively target markets for expansion, especially in Tier 2 or Tier 3 cities,which are comparatively underpenetrated
i)The co. intends to increase their footprint in B-30 cities and rural markets. Their mix of physical and digital model allows them to selectively target markets for expansion, especially in Tier 2 or Tier 3 cities,which are comparatively underpenetrated
ii)To leverage the existing MFD network to distribute products and services-The co. intends to maintain the growth momentum in their financial products distribution business through their existing network of 23,262 MFDs and 499 relationship managers and acquire new client base.
iii)Apart from product distribution they also wish to strengthen their research & advisory offerings to their partners and retail customers. They intend to expand the target customer base from MFDs and underlying retail customers to HNIs & affluent segments of wealth management.
8)Industry Overview:
9)About the IPO:
Issue size: ₹ 508 -538 Cr
No. of shares: 8,549,340 Equity Shares
Face value: ₹ 5
Employee Reservation: Equity Shares aggregating upto ₹ 6.5 Cr
Price band: ₹ 595 - 630 Bid Lot: 23 Shares and in multiple thereof
Employee Discount: ₹ 59 Per Share
Issue size: ₹ 508 -538 Cr
No. of shares: 8,549,340 Equity Shares
Face value: ₹ 5
Employee Reservation: Equity Shares aggregating upto ₹ 6.5 Cr
Price band: ₹ 595 - 630 Bid Lot: 23 Shares and in multiple thereof
Employee Discount: ₹ 59 Per Share
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