Prudent Corporate Advisory Services Ltd IPO

1.    Operates in an underpenetrated Indian asset management industry, that has grown at a CAGR of more than 20%
2.    One of the largest and fastest growing financial products distribution platforms
3.    Has a granular retail AUM with a mix skewed towards high-yield equity AUM
4.    Value proposition has led to increased participation and long-standing relationship with MFDs.
5.    Track record of innovation and use of technology to improve investor and partner experience
6.    Pan-India diversified distribution network with ability to expand into underpenetrated B-30 markets
 

1.    Operates in a highly regulated environment, and existing and new laws, regulations and government policies affecting the sectors in which it operates could adversely affect the business
2.    Depends on the ability to attract and retain registered MFDs on their platforms and any inability to retain them would impact the business
3.    Inability to grow at the historical rates, measured in terms of AUM.
4.    Recommendations, suggestions and advice provided by MFDs using the platform to their clients may be subject to errors or fraudulent behaviour and are beyond the company’s control
5.    Any changes in the total expense ratio due to regulatory changes may reduce the distribution commission income as the revenue is dependent on certain AMCs and sustained ability to increase AUM as well as on the performance of the funds