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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.

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

IPO Date Jun 27, 2022 to Jun 29, 2022
Listing Date Jul 7, 2022
Face Value ₹10 per share
Price ₹186 per share
Lot Size 600 Shares
Total Issue Size630,000 shares
(aggregating up to ₹11.72 Cr)
Fresh Issue630,000 shares
(aggregating up to ₹11.72 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Pearl Green Clubs and Resorts IPO Reservation

NII (HNI) Shares Offered297,000 (50% of the net offer)
Retail Shares Offered297,000 (50% of the net offer)
Market Maker portion36,000 shares
Total Shares Offered594,000

Pearl Green Clubs and Resorts IPO Tentative Timetable

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

Event Tentative Date
Opening Date Jun 27, 2022
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
Listing Date Jul 7, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Pearl Green Clubs and Resorts IPO Lot Size

The Pearl Green Clubs and Resorts IPO lot size is 600 shares.

Application Lots Shares Amount
Retail (Min) 1 600 ₹111,600
Retail (Max) 1 600 ₹111,600
HNI (Min) 2 1,200 ₹223,200
Lot Size Calculator

Pearl Green Clubs and Resorts IPO Promoter Holding

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

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

Company Financials

Pearl Green Clubs and Resorts Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2061.4556.973.918.843.84
31-Mar-21791.87375.746.54690.38516.63
31-Dec-211149.39447.4161.54751.92578.17
Amount in ₹ Lakhs

Pearl Green Clubs and Resorts IPO Review (Avoid)

[Dilip Davda]  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)
Other1.78
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 Details

Listing Date Jul 7, 2022
BSE Script Code 543540
NSE Symbol
ISIN INE0GTX01019
IPO Price ₹186 per share

Listing Day Trading Information

Price Details
IPO Price
Open
Low
High
Last Trade
BSE SME
₹186.00
₹189.05
₹189.05
₹198.50
₹198.50

Check IPO Performanceโ€ฆ

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://ipo.cameoindia.com/

Pearl Green Clubs and Resorts IPO Analysis

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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Pearl Green Clubs and Resorts IPO Lead Manager(s)

SME IPO Enquiry

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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, Nuvama, 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 Jul 7, 2022.
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Pearl Green Clubs and Resorts IPO Message Board

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15 Comments

10. MehulStk |   Link |Jul 7, 2022 11:31:22 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Surprising listing, SMEs are totally like gambling.
9. Singh's kin |   Link |Jul 7, 2022 10:37:35 AM
Wah bhai, jo acche IPOs the unka band baja hai, aur jo kahin se bhi aa gaye un sab ki chandi hai.
8. Vultureee |   Link |Jun 29, 2022 11:35:04 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Avoid
7. Ritesh kohinkar |   Link |Jun 28, 2022 3:09:17 PM
Pearl green club is not in worth to invest and its performance is not good and need to avoid...
6. DarshanJain |   Link |Jun 28, 2022 3:06:03 PM
pearl Green Clubs and Resort IPO is worstb dont invest in it.......
5. NaveenM |   Link |Jun 20, 2022 2:26:50 PM
Company started agricultrual Products trading on 10-Jan-2018. Last year their profit was mere 6.54 lakhs. 2021-22 first two quarters it is claiming to have 55 lakhs profit.

They want to start a completely new business-Clubs and Resorts. For which they want our money.๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

IPO has become easiest route to fool people and get rich fast. I am also tempted to start a Clubs and Resorts business. If I come with an IPO, can you people subscibe in big numbers?๐Ÿ˜๐Ÿ˜œ
5.1. Bhopal Investor |   Link |Jun 20, 2022 2:56:13 PM
แนฌhanks for Info. However, the same argument is valid for main board IPOs. Can someone elaborate the role of SEBI in protecting small retails investors. w.r.t astronomically priced IPOs which are infact OFS but termed as IPOs.

The role of SEBI registered consultants/experts/Advisors is also dubious as before IPO they recommend "Apply" and after listing say it will never come up to IPO price.

In my opinion approval of DHRP and Reistrartion of Advisor by SEBI is only to make money w/o any responsibility.
5.2. PKRAJ |   Link |Jun 21, 2022 3:40:19 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@Bhopal Investor
No doubt there's any interference of SEBI in SME.
But main board IPO is concerned, what SEBI was doing in PayTM, LIC and many more. I don't think there is any part of SEBI in protecting retailers applying for IPOs. Take your own decision. Nobody is always 100% or near to it. Less subscribed IPOs got good listing and a bad IPO like Delhivery good return to those who dare to apply. People who dare to apply on PayTM lost heavily. Our luck is also the main factor. Adani Wilmer is another example of listing at below offer price and rest is the history.
Enjoy Share Market.
4. Kiaan |   Link |Jun 20, 2022 7:21:32 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Why look towards SEBI. If one does not like the offer , need not apply. Simple .
Promoters approach with ridiculous IPO , because people apply. If response is bad for a couple of issues , IPOs will simply disappear .
4.1. Abhii VPG |   Link |Jun 21, 2022 1:39:44 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Correct
3. IPO Electrifying |   Link |Jun 20, 2022 8:33:34 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Aviod all ipos. Focus on secondary market.
All A group stocks are getting in 80% discount from all time high price. Accumalate and earn good profit.
2. vgoel |   Link |Jun 20, 2022 12:04:12 PM
How do people find the courage to demand valuations of INR 45 Cr with just 50 lacs of profit, that too inconsistent.
2.1. Kiaan |   Link |Jun 20, 2022 7:23:35 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Just because , people lapup every Tom and duck issue.
1. Bhopal Investor |   Link |Jun 20, 2022 2:13:15 PM
Ram Nam Ki Loot Hai, Lot Sake to Loot. Can some expert suggest why SEBI approved DHRP or clears the IPO proposal. What does SEBI check?
50 Lac per year ka profit hai. Market se 12 Crs. Utha Lega. Aage company Chale ya nahi, how does it matter?
1.1. IPO Gyaaan |   Link |Jun 20, 2022 2:41:40 PM (200+ Posts)
SEBI does not verify SME IPOs. It is verified and approved by exchanges (NSE or BSE) on which the company is going to list.