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Pearl Green Clubs and Resorts IPO is a fixed price issue of Rs 11.72 crores. The issue is entirely a fresh issue of 6.3 lakh shares.
Pearl Green Clubs and Resorts IPO bidding started from June 27, 2022 and ended on June 29, 2022. The allotment for Pearl Green Clubs and Resorts IPO was finalized on Monday, July 4, 2022. The shares got listed on BSE SME on July 7, 2022.
Pearl Green Clubs and Resorts IPO price is ₹186 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹223,200.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Pearl Green Clubs and Resorts IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Pearl Green Clubs and Resorts IPO RHP for detailed information.
| IPO Date | June 27, 2022 to June 29, 2022 |
| Listing Date | July 7, 2022 |
| Face Value | ₹10 per share |
| Price | ₹186 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 630,000 shares (aggregating up to ₹11.72 Cr) |
| Fresh Issue | 630,000 shares (aggregating up to ₹11.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,737,500 |
| Share holding post issue | 2,367,500 |
| Market Maker portion | 36,000 shares |
Pearl Green Clubs and Resorts IPO offers 630,000 shares. 297,000 (47.14%) to NII, 297,000 (47.14%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 36,000 (5.71%) |
| Other Shares Offered | 297,000 (47.14%) |
| Retail Shares Offered | 297,000 (47.14%) |
| Total Shares Offered | 630,000 (100%) |
Pearl Green Clubs and Resorts IPO opens on June 27, 2022, and closes on June 29, 2022.
| IPO Open Date | Monday, June 27, 2022 |
| IPO Close Date | Wednesday, June 29, 2022 |
| Basis of Allotment | Monday, July 4, 2022 |
| Initiation of Refunds | Tuesday, July 5, 2022 |
| Credit of Shares to Demat | Tuesday, July 5, 2022 |
| Listing Date | Thursday, July 7, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 29, 2022 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹111,600 |
| Retail (Max) | 1 | 600 | ₹111,600 |
| HNI (Min) | 2 | 1,200 | ₹223,200 |
| Lot Size Calculator | |||
Mr. Hemantsingh Naharsingh Jhala and Rekhadevi Hemantsingh Jhala are the company promoters.
| Share Holding Pre Issue | 99.88% |
| Share Holding Post Issue | 73.31% |
Pearl Green Clubs and Resorts Limited is engaged in the business of agricultural and allied activities. Pearl Green Clubs and Resorts trades Agricultural Products such as Wheat Corn, Rice, Seeds Cotton, Gram, Pulses, Cereals Peas etc. The company has proposed to open a resort in the name of Pearl Green Clubs and Resort in Gandhinagar, Gujarat.
Competitive Strengths:
| 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 | |||||
The market capitalization of Pearl Green Clubs and Resorts IPO is Rs 44.04 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 53.6 |
The objects of the Issue are:-
1. To meet out the Capital Expenditure requirements of the Company.
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
[Dilip Davda] The company is currently engaged in the trading of Agri products. It mulls diversification in the hospitality business which has yet to take off. It appears the company is trying to milk the cow under the name indicating the hospitality segment. Based on super profits shown for FY22-9M, the issue is exorbitantly priced. A small equity base post-IPO also indicates longer gestation for migration to the mainboard. Investors should stay away from such greedy-priced offers. Read detail review...
The Pearl Green Clubs and Resorts IPO is subscribed 1.56 times on June 29, 2022 7:53:00 PM. The public issue subscribed 1.35 times in the retail category, times in the QIB category, and 1.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.78 |
| Retail | 1.35 |
| Total | 1.56 |
| Listing Date | July 7, 2022 |
| BSE Script Code | 543540 |
| NSE Symbol | |
| ISIN | INE0GTX01019 |
| Final Issue Price | ₹186 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹186.00 |
| ₹189.05 |
| ₹189.05 |
| ₹198.50 |
| ₹198.50 |
Pearl Green Clubs and Resorts Limited
UP GF-01, Krushna Complex,
Near Choice,
Navrangpura, Ahmedabad-380009,
Phone: +91-8488086694
Email: cs@pgcrl.com
Website: http://www.pearlgreenclubsresort.com/index.php
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
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Pearl Green Clubs and Resorts IPO is a SME IPO of 630,000 equity shares of the face value of ₹10 aggregating up to ₹11.72 Crores. The issue is priced at ₹186 per share. The minimum order quantity is 600 Shares.
The IPO opens on June 27, 2022, and closes on June 29, 2022.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Pearl Green Clubs and Resorts IPO using UPI as a payment gateway. Zerodha customers can apply in Pearl Green Clubs and Resorts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pearl Green Clubs and Resorts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pearl Green Clubs and Resorts IPO opens on June 27, 2022 and closes on June 29, 2022.
Pearl Green Clubs and Resorts IPO lot size is 600 Shares, and the minimum amount required is ₹111,600.
You can apply in Pearl Green Clubs and Resorts IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Pearl Green Clubs and Resorts IPO will be done on Monday, July 4, 2022, and the allotted shares will be credited to your demat account by Tuesday, July 5, 2022. Check the Pearl Green Clubs and Resorts IPO allotment status.
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