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Prudent Corporate Advisory Services fixes IPO price range at Rs 595-630 per share

New Delhi, May 5 (PTI) Retail asset management company Prudent Corporate Advisory Services has fixed a price range of Rs 595-630 per share for its initial public offering (IPO) of Rs 539 crore.

The company said that its IPO will open on May 10 and the share sale will last for three days. The bidding for anchor investors will open on May 9.

The initial share sale will be for 85,49,340 equity shares which includes Offer for Sale (OFS) of 82,81,340 equity shares by an existing investor and a whole time director.

The company is expected to raise around Rs 538.61 crore through the IPO.

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