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Pearl Green Clubs IPO is a fixed price issue of ₹11.72 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹11.72 crore.
Pearl Green Clubs IPO bidding started from Jun 27, 2022 and ended on Jun 29, 2022. The allotment for Pearl Green Clubs IPO was finalized on Jul 4, 2022. The shares got listed on BSE SME on Jul 7, 2022.
Pearl Green Clubs IPO price is ₹186.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,11,600 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,23,200.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Pearl Green Clubs IPO RHP for detailed Information.
| IPO Date | June 27, 2022 to June 29, 2022 |
| Listing Date | July 7, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹186 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,30,000 shares (aggregating up to ₹11.72 Cr) |
| Reserved for Market Maker | 36,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.6696 Cr) |
| Net Offered to Public | 5,94,000 shares (aggregating up to ₹11.05 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 17,37,500 shares |
| Share Holding Post Issue | 23,67,500 shares |
Pearl Green Clubs and Resorts IPO offers total 6,30,000 shares. Out of which 2,97,000 (47.14%) allocated to NII, 2,97,000 (47.14%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 36,000 (5.71%) |
| NII (HNI) Shares Offered | 2,97,000 (47.14%) |
| Retail Shares Offered | 2,97,000 (47.14%) |
| Total Shares Offered | 6,30,000 (100.00%) |
Pearl Green Clubs IPO opens on June 27, 2022, and closes on June 29, 2022.
| IPO Open Date | Mon, Jun 27, 2022 |
| IPO Close Date | Wed, Jun 29, 2022 |
| Tentative Allotment | Mon, Jul 4, 2022 |
| Initiation of Refunds | Tue, Jul 5, 2022 |
| Credit of Shares to Demat | Tue, Jul 5, 2022 |
| Tentative Listing Date | Thu, Jul 7, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 29, 2022 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,11,600 |
| Retail (Max) | 1 | 600 | ₹1,11,600 |
| HNI (Min) | 2 | 1,200 | ₹2,23,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 IPO is ₹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...
| Listing Date | July 7, 2022 |
| BSE Script Code | 543540 |
| NSE Symbol | |
| ISIN | INE0GTX01019 |
| Final Issue Price | ₹186 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹186.00 |
| Open | ₹189.05 |
| Low | ₹189.05 |
| High | ₹198.50 |
| Last Trade | ₹198.50 |
Pearl Green Clubs & Resorts Ltd.
UP GF-01, Krushna Complex,
Near Choice,
Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91-8488086694
Email: cs@pgcrl.com
Website: http://www.pearlgreenclubsresort.com/index.php
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Pearl Green Clubs IPO is a SME IPO of 6,30,000 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.
The IPO opens on June 27, 2022, and closes on June 29, 2022.
Cameo Corporate Services Ltd. 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Pearl Green Clubs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pearl Green Clubs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pearl Green Clubs IPO opens on June 27, 2022 and closes on June 29, 2022.
Pearl Green Clubs IPO lot size is 600, and the minimum amount required for application is ₹1,11,600.
You can apply in Pearl Green Clubs IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pearl Green Clubs 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 IPO allotment status.
The Pearl Green Clubs IPO listing date is on Thursday, July 7, 2022.
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