Pearl Green Clubs IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Pearl Green Clubs IPO release date, IPO offer price, subscription, Pearl Green Clubs Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 186 |
| Listing At | BSE, SME |
| Min. Order Quantity | 600 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1172 Lakhs |
| IPO Size | Rs 1172 Lakhs |
| Tick Size | 1 |
Pearl Green Clubs IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Pearl Green Clubs IPO – Summary
Their Company was incorporated as a public limited company namely “Rasam 18 Resorts and Clubs Limited” under the Companies Act, vide certificate of incorporation dated January 10, 2018 issued by Central Registration Centre bearing registration no. 100469.
Further, Their Company name has been changed from “Rasam 18 Resorts and Clubs Limited” to “Pearl Green Clubs And Resorts Limited” vide certificate of incorporation dated November 26, 2019 issued by Registrar of Companies, Ahmedabad bearing registration no. 100469, in pursuance of a special resolution passed by the members of their Company at the Extra Ordinary General Meeting held on October 21, 2019.
Pearl Green Clubs IPO Date
The opening and the closing date of Pearl Green Clubs IPO are Jun 27, 2022 and Jun 29, 2022 Respectively.
Pearl Green Clubs IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27th Jun | 0.25x | 0.35x | 0.30x |
| 2nd Day – 28th Jun | 0.50x | 0.57x | 0.53x |
| 3rd Day – 29th Jun | 1.78x | 1.35x | 1.56x |
| Shares Offered or Net Issue | 297,000 | 297,000 | 594,000 |
The shares subscribed by the public will be updated here.
Pearl Green Clubs IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Pearl Green Clubs Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 4, 2022 |
| Refunds Initiation | Jul 5, 2022 |
| Credit of Shares to Demat Account | Jul 5, 2022 |
| Share Listing Date | Jul 7, 2022 |
Pearl Green Clubs IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.186
Pearl Green Clubs IPO Equity Size
This Initial Public Issue of 630,000 Equity Shares of Rs.10 each for cash at a price of Rs.186 per equity share aggregating to Rs.1172 Lakhs.
Pearl Green Clubs IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 630,000 Equity Shares of Rs.10/ each.
Issue Size: 630,000 Equity Shares of Rs.10 each, aggregating to Rs.1172 Lakhs
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Pearl Green Clubs IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Pearl Green Clubs Share Price |
Pearl Green Clubs IPO Grey Market Premium
The Pearl Green Clubs Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Pearl Green Clubs IPO – Company Overview
Pearl Green Clubs Limited is currently in the Business of agricultural and allied activities. It is engaged in trading of Agricultural Products such as of Wheat Corn, Rice, Seeds Cotton, Gram, Pulses, Cereals Peas etc.
At Pearl Green Clubs Limited (they strive to provide a seamless bond between the Farmers, Private players and consumers to ensure that the Indian markets for agricultural products continue to flourish their services facilitate solutions at each step in the agricultural product life cycle, from strategic procurement on account of the purchaser, PGCRL’s experience has accorded it the understanding of how the agricultural commodity markets operate, and today PGCRL is proud to be an integral part of the agricultural business.
Pearl Green Clubs IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | |
| Total Assets | 1031.38 | 791.87 | 61.45 |
| Total Revenue | 310.01 | 375.74 | 56.97 |
| Total Expense | 234.81 | 366.82 | 51.68 |
| Profit After Tax | 55.65 | 6.54 | 3.91 |
Earnings per Equity Share (in Lakhs)
| 30-Sept-21 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 3.20 | 3.15 | 7.83 |
Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020 were Rs.55.65 Lakhs, Rs.6.54 Lakhs and Rs.3.91 Lakhs respectively.
Pearl Green Clubs IPO – Promoters
The Promoter of this company is:
- MR. HEMANTSINGH NAHARSINGH JHALA
- REKHADEVI HEMANTSINGH JHALA
List of Related Parties (Key Managerial Personnel)
- HemantSingh NaharSingh Jhala, Chairman and Managing Director
- RekhaDevi HemantSingh Jhala, Executive Director
- Rekha Vijaybhai Jhala, Non- Executive Director
- Bharat Kumar Mafatlal Solanki, Independent Director
- Jitendra Kumar Lunia, Independent Director
- Karamvirsingh Hemantsingh Jhala, Chief Financial Officer
Pearl Green Clubs IPO – Promoters Holding
- Pre Issue Share Holding – 99.88%
- Pos Issue Share Holding – 73.31%
Pearl Green Clubs IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,30,000 Equity Shares aggregating up to Rs. 1171.80 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 36,000 Equity Shares aggregating up to Rs.66.96 Lakhs |
| Net Issue to the Public | Up to 5,94,000 Equity Shares aggregating up to Rs.1104.84 Lakhs. |
| Of which: | |
| Retail Investors Portion | Not less than 2,97,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,97,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 17,37,500 Equity Shares |
| Equity Shares outstanding after the Issue | 23,67,500 Equity Shares |
Pearl Green Clubs IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet out the Capital Expenditure requirements of the Company;
2. To meet out the General Corporate Purposes; and
3. To meet out the Issue Expenses.
Pearl Green Clubs IPO – Business Strategy
- Growth Strategies
- Leveraging their Market skills and Relationships
Pearl Green Clubs IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Location Benefits
- Geographic exposure
- Competitive Advantage
- Corporate Governance
- Industry Growth Trends
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.15 | 0.95 | 39.73 |
| 31-Mar-20 | 7.83 | 44.26 | 17.68 |
| Mar-19 | (0.04) | (0.45) | 9.86 |
Pearl Green Clubs IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Pearl Green Clubs Limited | 10 | 58.08 | 3.20 | 7.46 | 55.65 |
| Listed Peers | |||||
| White organic Retail Limited |
10 | 0.00 | 0.26 | 0.66 | 24.00 |
Pearl Green Clubs IPO Lead Managers
| Lead Managers |
| FAST TRACK FINSEC PRIVATE LIMITED SEBI Registration No.INM000012500 B-502, Statesman House, 148, Barakhambha Road, New Delhi – 110 001 Tel No.: +91-11-43029809 Contact Person: Mr. Vikas Kumar Verma Email: vikasverma@ftfinsec.com; investor@ftfinsec.com Website: www.ftfinsec.com |
Pearl Green Clubs IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED. SEBI Registration No.: INR000003753 Address: Subramanian Building #1, Club House Road, Chennai 600 002 – India. Tel No: 91-44 – 2846 0390; Fax No: 91-44 – 2846 0129 Contact Person: Ms. K. Sreepriya Email: cameo@cameoindia.com ; Website: www.cameoindia.com |
Pearl Green Clubs IPO – Other Details
- Statutory Auditor – M/S KAPISH JAIN & ASSOCIATES, CHARTERED ACCOUNTANTS
- Legal Counsel to the Company – Adv. Parvindra Nautiyal
- Bankers to the Company – ICICI Bank Limited
Pearl Green Clubs IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Pearl Green Clubs Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Pearl Green Clubs IPO Review FAQs
Check out various FAQs related to Pearl Green IPO:
What is the Issue Size of Pearl Green IPO?
The Company is making an initial public offer of 630,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Pearl Green IPO?
The price band for this particular IPO ranges between Rs.186. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Pearl Green IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 27, 2022, while the closing date is set at Jun 29, 2022.
What is the Pearl Green IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 4, 2022, refund initiation is on Jul 5, 2022, credit of shares is on Jul 5, 2022, and share listing date is on Jul 7, 2022.
What is the Pearl Green IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 7, 2022. The date, when the listing would be done, is stagnant on Jul 7, 2022.
Who is the Registrar of Pearl Green IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED.. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Pearl Green IPO?
Here are the promoters of this IPO – MR. HEMANTSINGH NAHARSINGH JHALA AND REKHADEVI HEMANTSINGH JHALA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Pearl Green IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Pearl Green IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Pearl Green Clubs Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 6.54, 2020 is 3.91. PAT from Sep 2021 is 55.65.
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