Pearl Green Clubs and Resorts Limited IPO Detail
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:
- Quality Products.
- Cordial Relationship with Customers.
- Ability to Control Cost.
- Strong presence in Agricultural Commodities Trading Segment.
Company Promoters
Mr. Hemantsingh Naharsingh Jhala and Rekhadevi Hemantsingh Jhala are the company promoters.IPO Details
| IPO Opening Date | Jun 27, 2022 |
| IPO Closing Date | Jun 29, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹186 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.72 Cr |
| Fresh Issue | 630,000 shares of ₹10 (aggregating up to ₹11.72 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.50x | 0.57x | 0.53x | |
| Day 2 | - | - | 1.78x | 1.35x | 1.56x |
IPO Tentative Timetable
The Pearl Green Clubs and Resorts Limited IPO open date is Jun 27, 2022, and the close date is Jun 29, 2022. The issue may list on Jul 07, 2022.
| IPO Open Date | Jun 27, 2022 |
| IPO Close Date | Jun 29, 2022 |
| Basis of Allotment Date | Jul 04, 2022 |
| Initiation of Refunds | Jul 05, 2022 |
| Credit of Shares to Demat Account | Jul 05, 2022 |
| IPO Listing Date | Jul 07, 2022 |
IPO Lot Size
The Pearl Green Clubs and Resorts Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹148800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹148800 |
| Maximum | 1 | 800 | ₹148800 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 73.31% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 61.45 | 56.97 | 3.91 |
| 31-Mar-21 | 791.87 | 375.74 | 6.54 |
| 31-Mar-22 | 1149.39 | 447.41 | 61.54 |
Objects of the Issue:
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.
Pearl Green Clubs and Resorts Limited IPO Registrar:
Cameo Corporate Services Limited
Pearl Green Clubs and Resorts Limited IPO Lead Manager(s):
Fast Track Finsec Pvt Ltd (Past IPO Performance)
Company Contact Information:
Pearl Green Clubs and Resorts Limited
UP GF-01, Krushna Complex, Near Choice,
Navrangpura, Ahmedabad-380009,
Gujarat
