Pearl Green Clubs and Resorts IPO vs Scarnose International IPO

Comparision between Pearl Green Clubs and Resorts IPO and Scarnose International IPO.

IPO Details

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

	Pearl Green Clubs and Resorts IPO	Scarnose International 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	Finshore Management Services Limited
Registrar	Cameo Corporate Services Limited	Cameo Corporate Services Limited
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 Scarnose International IPO is up to ₹6.60 Cr. The final issue price of Pearl Green Clubs and Resorts IPO is ₹186.00 per share and of Scarnose International IPO is ₹55.00 per share.

	Pearl Green Clubs and Resorts IPO	Scarnose International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹186.00 per share	₹55.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	2000 shares
Fresh Issue Size	6,30,000 shares	12,00,000 shares
Fresh Issue Size (Amount)	up to ₹11.72 Cr	up to ₹6.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	6,30,000 shares	12,00,000 shares
Issue Size Total (Amount)	up to ₹11.72 Cr	up to ₹6.60 Cr

IPO Timetable

Pearl Green Clubs and Resorts IPO opens on Jun 27, 2022, while Scarnose International IPO opens on Jun 14, 2022. The closing date of Pearl Green Clubs and Resorts IPO and Scarnose International IPO is Jun 29, 2022, and Jun 17, 2022, respectively.

	Pearl Green Clubs and Resorts IPO	Scarnose International IPO
Anchor Bid Date
Issue Open	Jun 27, 2022	Jun 14, 2022
Issue Close	Jun 29, 2022	Jun 17, 2022
Basis Of Allotment (Tentative)	Jul 04, 2022	Jun 22, 2022
Initiation of Refunds (Tentative)	Jul 05, 2022	Jun 23, 2022
Credit of Share (Tentative)	Jul 05, 2022	Jun 24, 2022
Listing date (Tentative)	Jul 07, 2022	Jun 27, 2022
Anchor Lockin End date 1	Aug 03, 2022	Jul 22, 2022
Anchor Lockin End date 2	Oct 02, 2022	Sep 20, 2022

Financials

Pearl Green Clubs and Resorts IPO P/E ratio is 53.6, as compared to Scarnose International IPO P/E ratio of 51.89.

Pearl Green Clubs and Resorts IPO

Scarnose International 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

Scarnose International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1204.91	1204.56	2.81	4.05	3.04
31-Mar-21	457.8	3255.72	22.51	190.55	148.55
31-Mar-22	1242.25	9593.02	33.42	339	143.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.88%

99.99%

Promoter Shareholding (Post-Issue)

73.31%

61.90%

P/E Ratio

53.6

51.89

Market Cap

₹44.04 Cr.

₹17.33 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 Scarnose International IPO retail investors are offered 2,97,000 shares. Qualified institutional buyers (QIB) are offered in Pearl Green Clubs and Resorts IPO and in Scarnose International IPO.

	Pearl Green Clubs and Resorts IPO	Scarnose International IPO
Anchor Investor Reserveration
Market Maker Reserveration	36,000 shares	60,000 shares
QIB
NII	2,97,000 shares	5,70,000 shares
RII	2,97,000 shares	5,70,000 shares
Employee
Others
Total	5,94,000 shares	11,40,000 shares

Bids Received (Subscription)

Pearl Green Clubs and Resorts IPO subscribed 1.56x in total, whereas Scarnose International IPO subscribed 2.22x.

	Pearl Green Clubs and Resorts IPO	Scarnose International IPO
QIB (times)
NII (times)	1.78x	2.09x
Big NII (times)
Small NII (times)
RII (times)	1.35x	2.34x
Employee (times)
Other (times)
Total (times)	1.56x	2.22x

Compare with others

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

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