Pearl Green Clubs and Resorts Ltd - IPO

Pearl Green Clubs and Resorts Ltd IPO Details

Initial public offer of 630000 equity shares of face value of Rs. 10 each (Equity Shares) of Pearl Green Clubs and Resorts Limited (Company or Issuer) for cash at a price of Rs. 186 per equity share (including a share premium of Rs. 176 per equity share) aggregating up to Rs. 11.72 crores (Issue) of which 36000 equity shares of face value Rs. 10 each for cash at a price of Rs. 186 per equity share aggregating Rs. 0.67 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 594000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 186 per equity share, aggregating Rs. 11.05 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 26.61% and 25.09%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 186 is 18.6 times of the face value.

Objective of issue

To Meet the Capital Expenditure Requirements. General Corporate Purposes (I).

Pearl Green Clubs and Resorts Ltd Contact Details

Pearl Green Clubs and Resorts Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@pgcrl.com

Website - www.pearlgreenclubsresort.com