Prudent Corporate Advisory Services Limited, in its first earnings release after listing of shares, said the Board of Directors has recommended dividend. for the financial year ended 31 March 2022.
“The Board of Directors has made the final recommendation Dividend 1/- (Rupee one only) per equity share face value of Rs. 5/- for every financial year ended March 31, 2022, subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the company,” Prudent Corporate informed in an exchange filing.
The date of the next Annual General Meeting, the record date for determining the eligibility of shareholders for payment of dividend and the date of payment will be communicated separately, the company said.
retail wealth management firm Prudential Corporate Advisory Services had set a price band of 595-630 per share for its three-day initial public offering (IPO), which opened on May 10, 2022 and ended on May 12. The newly listed stock, which made its market debut on May 20, 2022, is approximately 2%. % since listing.
The initial share-sale of 85,49,340 equity shares consisted of an offer for sale (OFS) of 82,81,340 equity shares by Wagner Limited and 2,68,000 equity shares by Shirish Patel.
Prudent Corporate Advisory Services is one of the leading independent retail wealth management services group (excluding banks) in India and one of the top Mutual Fund (MF) distributors in terms of average assets under management and commission received.