JSA acts on Prudent Corporate Advisory Services IPO

Prudent Corporate Advisory Services Limited, an independent retail wealth management services group in India, made its debut on the bourses at a premium on May 20.

The stock opened at Rs 660, at a premium of 4.7 percent to its issue price of Rs 630 on the BSE, while the listing price on the NSE was Rs 650.

J Sagar Associates acted for Prudent Corporate Advisory Services and TA Associates (as selling shareholders counsel) on the deal.

The team was led by Madhurima Mukherjee along with Pracheta Bhattacharya (Partners) and supported by Shivali Singh (Principal Associate), Sagar Batra (Senior Associate) and Bhavini Mohan – Associate.

The team was also accompanied by Sanjay Shah (Managing Director, Prudent Corporate Advisory Services) at its BSE listing ceremony on Friday.

Prudent is one of the leading independent retail wealth management services groups (excluding banks) in India and among the top mutual fund distributors in terms of average assets under management and commissions received.