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
| 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 |
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 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 Timeline
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…
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Pearl Green Clubs and Resorts IPO Prospectus
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/