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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 | 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-Dec-21 | 1149.39 | 447.41 | 61.54 |
| Amount in ₹ Lakhs | |||
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 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 Size | 630,000 shares of ₹10 (aggregating up to ₹11.72 Cr) |
| Fresh Issue | 630,000 shares of ₹10 (aggregating up to ₹11.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Hemantsingh Naharsingh Jhala and Rekhadevi Hemantsingh Jhala are the company promoters. |
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 |
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 |
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 73.31% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 1.78 |
| Retail | 1.35 |
| Total | 1.56 |
| 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 |
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
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
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
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.
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