Pearl Green Clubs and Resorts IPO vs Silver Pearl Hospitality IPO

Comparision between Pearl Green Clubs and Resorts IPO and Silver Pearl Hospitality IPO.

IPO Details

Pearl Green Clubs and Resorts IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Silver Pearl Hospitality IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Inventure Merchant Banker Services Pvt Ltd
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pearl Green Clubs and Resorts IPO is up to ₹11.72 Cr whereas the issue size of the Silver Pearl Hospitality IPO is up to ₹9.00 Cr. The final issue price of Pearl Green Clubs and Resorts IPO is ₹186.00 per share and of Silver Pearl Hospitality IPO is ₹18.00 per share.

	Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹186.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	8000 shares
Fresh Issue Size	6,30,000 shares	50,00,000 shares
Fresh Issue Size (Amount)	up to ₹11.72 Cr	up to ₹9.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	6,30,000 shares	50,00,000 shares
Issue Size Total (Amount)	up to ₹11.72 Cr	up to ₹9.00 Cr

IPO Timetable

Pearl Green Clubs and Resorts IPO opens on Jun 27, 2022, while Silver Pearl Hospitality IPO opens on Jun 06, 2022. The closing date of Pearl Green Clubs and Resorts IPO and Silver Pearl Hospitality IPO is Jun 29, 2022, and Jun 09, 2022, respectively.

	Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
Anchor Bid Date
Issue Open	Jun 27, 2022	Jun 06, 2022
Issue Close	Jun 29, 2022	Jun 09, 2022
Basis Of Allotment (Tentative)	Jul 04, 2022	Jun 14, 2022
Initiation of Refunds (Tentative)	Jul 05, 2022	Jun 15, 2022
Credit of Share (Tentative)	Jul 05, 2022	Jun 16, 2022
Listing date (Tentative)	Jul 07, 2022	Jun 17, 2022
Anchor Lockin End date 1	Aug 03, 2022	Jul 14, 2022
Anchor Lockin End date 2	Oct 02, 2022	Sep 12, 2022

Financials

Pearl Green Clubs and Resorts IPO P/E ratio is 53.6, as compared to Silver Pearl Hospitality IPO P/E ratio of 120.

Pearl Green Clubs and Resorts IPO

Silver Pearl Hospitality IPO

Financial

Pearl Green Clubs and Resorts Limited Financial Information (Restated)
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

Silver Pearl Hospitality & Luxury Spaces Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	211.06	29.38	0.48	91.04	55.08
31-Mar-21	244.48	18.41	3.3	94.34	58.38
31-Mar-22	459.79	45.89	11.72	436.92	165.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.88%

75.05%

Promoter Shareholding (Post-Issue)

73.31%

27.27%

P/E Ratio

53.6

120

Market Cap

₹44.04 Cr.

₹14.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Pearl Green Clubs and Resorts IPO retail investors (RII) are offered 2,97,000 shares while in Silver Pearl Hospitality IPO retail investors are offered 2,97,000 shares. Qualified institutional buyers (QIB) are offered in Pearl Green Clubs and Resorts IPO and in Silver Pearl Hospitality IPO.

	Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
Anchor Investor Reserveration
Market Maker Reserveration	36,000 shares	2,64,000 shares
QIB
NII	2,97,000 shares	23,68,000 shares
RII	2,97,000 shares	23,68,000 shares
Employee
Others
Total	5,94,000 shares	47,36,000 shares

Bids Received (Subscription)

Pearl Green Clubs and Resorts IPO subscribed 1.56x in total, whereas Silver Pearl Hospitality IPO subscribed 1.68x.

	Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
QIB (times)
NII (times)	1.78x	0.80x
Big NII (times)
Small NII (times)
RII (times)	1.35x	2.56x
Employee (times)
Other (times)
Total (times)	1.56x	1.68x

Compare with others

Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
SKP Bearing Industries IPO	Modis Navnirman IPO
Veerkrupa Jewellers IPO	Pearl Green Clubs and Resorts IPO
Sailani Tours N Travels IPO	KCK Industries IPO
Mangalam Worldwide IPO	Goel Food Products IPO
Modis Navnirman IPO	Scarnose International IPO
KCK Industries IPO	Fidel Softech IPO
Goel Food Products IPO	Globesecure Technologies IPO
Scarnose International IPO	Rachana Infrastructure IPO
Silver Pearl Hospitality IPO	Sonu Infratech IPO
Fidel Softech IPO	Nanavati Ventures IPO

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