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Modi's Navnirman IPO vs Pearl Green Clubs IPO

Comparison between Modi's Navnirman IPO and Pearl Green Clubs IPO.

IPO Details

Modi's Navnirman IPO is a SME Fixed Price IPO proposed to list at BSE SME while Pearl Green Clubs IPO is a SME Fixed Price proposed to list at BSE SME.

 Modi's Navnirman IPOPearl Green Clubs IPO
LogoModi's Navnirman IPO LogoPearl Green Clubs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerAryaman Capital Markets Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Modi's Navnirman IPO is up to ₹21.46 Cr whereas the issue size of the Pearl Green Clubs IPO is up to ₹11.05 Cr. The final issue price of Modi's Navnirman IPO is ₹180.00 per share and of Pearl Green Clubs IPO is ₹186.00 per share.

 Modi's Navnirman IPOPearl Green Clubs 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares600 shares
Fresh Issue Size11,92,000 shares5,94,000 shares
Fresh Issue Size (Amount)up to ₹21.46 Crup to ₹11.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,92,000 shares5,94,000 shares
Issue Size Total (Amount)up to ₹21.46 Crup to ₹11.05 Cr

IPO Timetable

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

 Modi's Navnirman IPOPearl Green Clubs IPO
Anchor Bid Date
Issue OpenJun 23, 2022Jun 27, 2022
Issue CloseJun 28, 2022Jun 29, 2022
Basis Of Allotment (Tentative)Jul 01, 2022Jul 04, 2022
Initiation of Refunds (Tentative)Jul 04, 2022Jul 05, 2022
Credit of Share (Tentative)Jul 05, 2022Jul 05, 2022
Listing date (Tentative)Jul 06, 2022Jul 07, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Modi's Navnirman IPO P/E ratio is 57.32, as compared to Pearl Green Clubs IPO P/E ratio of 53.6.

 Modi's Navnirman IPOPearl Green Clubs IPO
Financials
Modi's Navnirman Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20998.482195.46139.78
31-Mar-21735.211322.3437.83
31-Mar-223098.291151.07132.7
Amount in ₹ Lakhs
Pearl Green Clubs and Resorts Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2061.4556.973.918.843.84
31-Mar-21791.87375.746.54690.38516.63
31-Dec-211149.39447.4161.54751.92578.17
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9899.88
Promoter Shareholding (Post-Issue)70.2073.31
P/E Ratio57.3253.6
Market Cap₹76.14 Cr.₹44.04 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Modi's Navnirman IPO Retail Individual Investors (RII) are offered 5,96,000 shares while in Pearl Green Clubs IPO retail investors are offered 5,96,000 shares. Qualified Institutional Buyers (QIB) are offered in Modi's Navnirman IPO and in Pearl Green Clubs IPO.

 Modi's Navnirman IPOPearl Green Clubs IPO
Anchor Investor Reserveration
Market Maker Reserveration68,000 shares36,000 shares
QIB
NII5,96,000 shares2,97,000 shares
RII5,96,000 shares2,97,000 shares
Employee
Others
Total11,92,000 shares5,94,000 shares

Bids Received (Subscription)

Modi's Navnirman IPO subscribed 1.99x in total, whereas Pearl Green Clubs IPO subscribed 1.56x.

 Modi's Navnirman IPOPearl Green Clubs IPO
QIB (times)
NII (times)2.76x1.78x
Big NII (times)
Small NII (times)
RII (times)1.22x1.35x
Employee (times)
Other (times)
Total (times)1.99x1.56x