Modis Navnirman IPO vs Pearl Green Clubs and Resorts IPO

Comparision between Modis Navnirman IPO and Pearl Green Clubs and Resorts IPO.

IPO Details

Modis Navnirman IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Pearl Green Clubs and Resorts IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Fast Track Finsec Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Modis Navnirman IPO is up to ₹22.68 Cr whereas the issue size of the Pearl Green Clubs and Resorts IPO is up to ₹11.72 Cr. The final issue price of Modis Navnirman IPO is ₹180.00 per share and of Pearl Green Clubs and Resorts IPO is ₹186.00 per share.

	Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹180.00 per share	₹186.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	600 shares
Fresh Issue Size	12,60,000 shares	6,30,000 shares
Fresh Issue Size (Amount)	up to ₹22.68 Cr	up to ₹11.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,60,000 shares	6,30,000 shares
Issue Size Total (Amount)	up to ₹22.68 Cr	up to ₹11.72 Cr

IPO Timetable

Modis Navnirman IPO opens on Jun 23, 2022, while Pearl Green Clubs and Resorts IPO opens on Jun 27, 2022. The closing date of Modis Navnirman IPO and Pearl Green Clubs and Resorts IPO is Jun 28, 2022, and Jun 29, 2022, respectively.

	Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Anchor Bid Date
Issue Open	Jun 23, 2022	Jun 27, 2022
Issue Close	Jun 28, 2022	Jun 29, 2022
Basis Of Allotment (Tentative)	Jul 01, 2022	Jul 04, 2022
Initiation of Refunds (Tentative)	Jul 04, 2022	Jul 05, 2022
Credit of Share (Tentative)	Jul 05, 2022	Jul 05, 2022
Listing date (Tentative)	Jul 06, 2022	Jul 07, 2022
Anchor Lockin End date 1	Jul 31, 2022	Aug 03, 2022
Anchor Lockin End date 2	Sep 29, 2022	Oct 02, 2022

Financials

Modis Navnirman IPO P/E ratio is 57.32, as compared to Pearl Green Clubs and Resorts IPO P/E ratio of 53.6.

Modis Navnirman IPO

Pearl Green Clubs and Resorts IPO

Financial

Modi's Navnirman Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	998.48	2195.46	139.78
31-Mar-21	735.21	1322.34	37.83
31-Mar-22	3098.29	1151.07	132.7
Amount in ₹ Lakhs

Pearl Green Clubs and Resorts Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	61.45	56.97	3.91	8.84	3.84
31-Mar-21	791.87	375.74	6.54	690.38	516.63
31-Dec-21	1149.39	447.41	61.54	751.92	578.17
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

99.88%

Promoter Shareholding (Post-Issue)

70.20%

73.31%

P/E Ratio

57.32

53.6

Market Cap

₹76.14 Cr.

₹44.04 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Modis Navnirman IPO retail investors (RII) are offered 5,96,000 shares while in Pearl Green Clubs and Resorts IPO retail investors are offered 5,96,000 shares. Qualified institutional buyers (QIB) are offered in Modis Navnirman IPO and in Pearl Green Clubs and Resorts IPO.

	Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Anchor Investor Reserveration
Market Maker Reserveration	68,000 shares	36,000 shares
QIB
NII	5,96,000 shares	2,97,000 shares
RII	5,96,000 shares	2,97,000 shares
Employee
Others
Total	11,92,000 shares	5,94,000 shares

Bids Received (Subscription)

Modis Navnirman IPO subscribed 1.99x in total, whereas Pearl Green Clubs and Resorts IPO subscribed 1.56x.

	Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
QIB (times)
NII (times)	2.76x	1.78x
Big NII (times)
Small NII (times)
RII (times)	1.22x	1.35x
Employee (times)
Other (times)
Total (times)	1.99x	1.56x

Compare with others

Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Jayant Infratech IPO	SKP Bearing Industries IPO
SKP Bearing Industries IPO	Veerkrupa Jewellers IPO
Veerkrupa Jewellers IPO	Sailani Tours N Travels IPO
Sailani Tours N Travels IPO	Mangalam Worldwide IPO
Mangalam Worldwide IPO	Modis Navnirman IPO
Pearl Green Clubs and Resorts IPO	KCK Industries IPO
KCK Industries IPO	Goel Food Products IPO
Goel Food Products IPO	Scarnose International IPO
Scarnose International IPO	Silver Pearl Hospitality IPO
Silver Pearl Hospitality IPO	Fidel Softech IPO

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