Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Mon, Jun 27, 2022 - Wed, Jun 29, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 27, 2022
IPO Close
Wed, Jun 29, 2022
Issue Price
₹186 per share
Market Cap (Pre-IPO)
₹44.04 Cr
| IPO Date | 27 to 29 Jun, 2022 |
| Listed on | Thu, Jul 7, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹186 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 6,30,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 36,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6696 Cr) |
| Fresh Issue (Ex Market Maker) | 5,94,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 5,94,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 17,37,500 shares |
| Share Holding Post Issue | 23,67,500 shares |
| BSE Script Code | 543540 |
| ISIN | INE0GTX01019 |
Pearl Green Clubs IPO comprises a total issue size of 6,30,000 shares. The net offer to the public is 5,94,000 shares, after excluding 36,000 shares allotted on a firm basis. Of the Net offer 2,97,000 (50.00%) allocated to NII 2,97,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,97,000 | 50.00% | 47.14% |
| Retail Shares Offered | 2,97,000 | 50.00% | 47.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 36,000 | 5.71% | |
| Total Shares Offered | 6,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 11.49 | 7.92 | 0.61 |
| Total Income | 4.47 | 3.76 | 0.57 |
| Profit After Tax | 0.62 | 0.07 | 0.04 |
| NET Worth | 7.52 | 6.90 | 0.09 |
| Reserves and Surplus | 5.78 | 5.17 | 0.04 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Capital Expenditure Requirements | 8.77 |
| 2 | General corporate purposes | 2.35 |
| KPI | |
|---|---|
| RoNW | 0.95 |
| EBITDA Margin | 2.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.15 | |
| P/E (x) | 53.6 | |
| Promoter Holding | 99.88% | 73.31% |
| Market Cap | ₹44.04 Cr. |
The Pearl Green Clubs and Resorts IPO is subscribed 1.56 times on June 29, 2022 7:53:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.78 | 2,97,000 | 5,29,200 |
| Retail | 1.35 | 2,97,000 | 3,99,600 |
| Total | 1.56 | 5,94,000 | 9,28,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.15 |
| 2 | Underwriting Commission, Brokerage, selling commission and upload fees. | 0.10 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.15 |
| 6 | Regulators including stock exchanges, NSDL, CDSL | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Others, if any (to be specified). Advisor to Issue, Peer Review Auditor & Statutory Auditor & other misc.expenses | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹186.00 |
| Open | ₹189.05 |
| Low | ₹189.05 |
| High | ₹198.50 |
| Last Trade | ₹198.50 |
Lead Manager Reports
Pearl Green Clubs IPO is a SME IPO of 6,30,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹186 per share. The minimum order quantity is 600.
The IPO opens on Mon, Jun 27, 2022, and closes on Wed, Jun 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 Mon, Jun 27, 2022 and closes on Wed, Jun 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 Tue, Jul 5, 2022. Check the Pearl Green Clubs IPO allotment status.
The Pearl Green Clubs IPO listing date is on Thu, Jul 7, 2022.
