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Pearl Green Clubs and Resorts Limited IPO (Pearl Green Clubs and Resorts IPO) Detail

Jun 27, 2022 - Jun 29, 2022

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 Financials

Pearl Green Clubs and Resorts Limited Financial Information (Restated)
Period EndedTotal AssetsTotal Revenue Profit After Tax
31-Mar-2061.4556.973.91
31-Mar-21791.87375.746.54
31-Dec-211149.39447.4161.54
Amount in ₹ Lakhs

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 IPO Details

Pearl Green Clubs and Resorts IPO Date Jun 27, 2022 to Jun 29, 2022
Pearl Green Clubs and Resorts IPO Face Value ₹10 per share
Pearl Green Clubs and Resorts IPO Price ₹186 per share
Pearl Green Clubs and Resorts IPO Lot Size 600 Shares
Issue Size630,000 shares of ₹10
(aggregating up to ₹11.72 Cr)
Fresh Issue630,000 shares of ₹10
(aggregating up to ₹11.72 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Hemantsingh Naharsingh Jhala and Rekhadevi Hemantsingh Jhala are the company promoters.

Pearl Green Clubs and Resorts IPO Timeline (Tentative Timetable)

Pearl Green Clubs and Resorts IPO opens on Jun 27, 2022, and closes on Jun 29, 2022. The Pearl Green Clubs and Resorts IPO bid date is from Jun 27, 2022 10.00 A.M. to Jun 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Pearl Green Clubs and Resorts IPO Opening Date Jun 27, 2022
Pearl Green Clubs and Resorts IPO Closing Date Jun 29, 2022
Basis of Allotment Jul 4, 2022
Initiation of Refunds Jul 5, 2022
Credit of Shares to Demat Jul 5, 2022
Pearl Green Clubs and Resorts IPO Listing Date Jul 7, 2022

Pearl Green Clubs and Resorts IPO Lot Size

The Pearl Green Clubs and Resorts IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹111,600).

Application Lots Shares Amount
Minimum 1 600 ₹111,600
Maximum 1 600 ₹111,600

Pearl Green Clubs and Resorts IPO Promoter Holding

Pre Issue Share Holding 99.88%
Post Issue Share Holding 73.31%

Pearl Green Clubs and Resorts IPO Review

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...


Pearl Green Clubs and Resorts IPO Subscription Status (Bidding Detail)

The Pearl Green Clubs and Resorts IPO is subscribed 1.56 times on Jun 29, 2022 7:53:00 PM. 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)

CategorySubscription (times)
NII1.78
Retail1.35
Total1.56

Pearl Green Clubs and Resorts IPO Prospectus

Pearl Green Clubs and Resorts IPO Rating

39
2.8
Rating:Rated 2.8 stars
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Pearl Green Clubs and Resorts IPO Listing Date

Listing Date Thursday, July 7, 2022
BSE Script Code 543540
NSE Symbol
Listing In MT Group of Securities
ISIN INE0GTX01019
IPO Price ₹186 per share
Face Value ₹10 per share

Company Contact Information

Pearl Green Clubs and Resorts Limited
UP GF-01, Krushna Complex,
Near Choice,
Navrangpura, Ahmedabad-380009,
Phone: +91-8488086694
Email: cs@pgcrl.com
Website: http://www.pearlgreenclubsresort.com/index.php

Pearl Green Clubs and Resorts IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

Pearl Green Clubs and Resorts IPO Review

Pearl Green Clubs and Resorts IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 1 0

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IPO Broker Recommendations

Pearl Green Clubs and Resorts IPO Lead Manager(s)

Pearl Green Clubs and Resorts IPO FAQs

Pearl Green Clubs and Resorts IPO is a SME IPO of 630,000 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 Shares.

The IPO opens on Jun 27, 2022, and closes on Jun 29, 2022.

Cameo Corporate Services Limited 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 and Resorts IPO using UPI as a payment gateway. Zerodha customers can apply in Pearl Green Clubs and Resorts IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Pearl Green Clubs and Resorts IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Pearl Green Clubs and Resorts IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Pearl Green Clubs and Resorts IPO opens on Jun 27, 2022 and closes on Jun 29, 2022.

Pearl Green Clubs and Resorts IPO lot size is 600 Shares and the minimum order quantity is .

You can apply in Pearl Green Clubs and Resorts IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Pearl Green Clubs and Resorts IPO will be done on Jul 4, 2022, and the allotted shares will be credited to your demat account by Jul 5, 2022. Check the Pearl Green Clubs and Resorts IPO allotment status.

The Pearl Green Clubs and Resorts IPO listing date is on Thursday, July 7, 2022.
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