Pearl Green IPO description – Ahmedabad-based Pearl Green Clubs and Resorts Limited is 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 and is involved at various stages of agriculture value chain.
Pearl Green Clubs and Resorts Limited plans to enter into the business of Tourism and Hospitality. The company has proposed to open a resort in the name of Pearl Green Clubs and Resort in Gandhinagar, Gujarat. The property is located at Gandhinagar which is approximately 20 kms away from Ahmedabad. It is connected to NH-8 highway. It has a pleasant location with fruit bearing trees and greenery of natural surroundings and ideal for getting and is away from the city’s hustle and bustle.
The location, with a total site area of 3,53,804 sq ft, is in proximity to the Gujarat International Financial Tec (GIFT) City, which is the major customer segment of the hotel. The company plans to develop approximately 40 rooms at the site along with amenities like club, garden restaurant, swimming pool, kids play area, banquet hall, wine shops, party hall etc. Pearl Green Clubs and Resorts Limited has entered into lease agreement for the property with the company promoters and their family.
Promoters of Pearl Green – Mr Hemantsingh Naharsingh Jhala and Mrs Rekhadevi Hemantsingh Jhala
Pearl Green IPO Details
| Subscription Dates | 27 – 29 June 2022 |
| Price Band | INR186 per share |
| Fresh issue | 6,30,000 shares (INR11.72 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,30,000 shares (INR11.72 crore) |
| Minimum bid (lot size) | 600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Pearl Green Performance
| Â | FY2019 | FY2020 | FY2021 | 9M FY2022 |
| Revenue | – | 57.0 | 375.7 | 447.4 |
| Expenses | – | 51.7 | 366.8 | 364.2 |
| Net income | – | 3.9 | 6.5 | 61.5 |
Pearl Green Offer News
Pearl Green Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR3.15
Pre-IPO Price/Earnings (PE ratio): 59.05
Return on Net Worth (RONW): 0.95%
Net Asset Value (NAV): INR39.73 per share
Pearl Green IPO GMP Daily Trend
| Date | Pearl Green IPO GMP | Kostak | Subject to Sauda |
Pearl Green IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 3,15,000 | 3,15,000 | 6,30,000 |
| Day 1 | 0.24 | 0.33 | 0.28 |
| Day 2 | 0.47 | 0.54 | 0.50 |
| Day 3 | 1.68 | 1.27 | 1.47 |
Pearl Green Offer Registrar
Cameo Corporate Services Limited
Subramanian Building,
#1, Club House Road,
Chennai – 600 002, India
Phone:Â +91-44-40020700, 28460390
Email:Â [email protected]
Website:Â www.cameoindia.com
Pearl Green IPO Contact Details
Pearl Green Clubs and Resorts Limited
UP GF-01, Krushna Complex,
Near Choice, Navrangpura,
Ahmedabad-380009
Phone: +91 8488086694
Email: [email protected]
Website: www.pearlgreenclubsresort.com
Pearl Green IPO Allotment Status
Pearl Green IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Pearl Green IPO Timetable
| IPO Opening Date | 27 June 2022 |
| IPO Closing Date | 29 June 2022 |
| Listing Date | 7 July 2022 |
| Opening Price on BSE SME | INR189.05 per share (up 1.64% from IPO price) |
| Closing Price on BSE SME | INR198.5 per share (up 6.72% from IPO price) |
Pearl Green IPO FAQs
What is Pearl Green offer size?
Pearl Green offer size is INR11.72 crore.
What is Pearl Green IPO Price Band?
Pearl Green public offer price is INR186 per share.
What is the lot size of Pearl Green IPO?
Pearl Green offer lot size is 600 shares.
What is Pearl Green IPO GMP today?
Pearl Green IPO GMP today is NA per share.
What is Pearl Green kostak rate today?
Pearl Green kostak rate today is NA per application.
What is Pearl Green Subject to Sauda rate today?
Pearl Green Subject to Sauda rate today is NA per application.
