IPO
Wealth mgmt firm Prudent Corp files IPO papers
Ahmedabad-based retail wealth management firm Prudent Corporate Advisory Services has filed draft papers with capital markets regulator Sebi to mobilise funds through an IPO.The IPO of 85,49,340 equity shares is entirely an Offer For Sale (OFS) of 82,81,340 equity shares by Wagner and 2,68,000 equity shares by Shirish Patel. The company has also reserved some shares for its employees. ICICI Securities, Axis Capital and Equirus Capital are the book-running lead managers to the issue. The company offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels.
From Venture Intelligence PE-VC Deals Database : In Jul-18, Prudent raised over USD 36 M from TA Associates. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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