Pearl Green Clubs and Resorts Limited becomes the 379th Company to get listed on BSE SME Platform.
Pearl Green Clubs and Resorts Limited became the 379th company to get listed on the BSE SME Platform on July 07, 2022. The company came out with an initial public offering of 6,30,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 186 Per Equity Share (The “Offer Price”), Aggregating to Rs. 11.72 Crore. The company has successfully completed its public issue on June 29, 2022.
Pearl Green Clubs and Resorts Limited is Gujarat based company whose registered office is at Ahmedabad. The company 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.
New Delhi based Fast Track Finsec Private Limited, was the lead manager to Pearl Green Clubs and Resorts Limited.
So far, 146 companies have migrated to the main board. The 378 companies listed on BSE SME Platform have raised Rs.4,034.07 crore from the market and total market capitalization of 378 companies as on July 06, 2022 is Rs. 51,631.38 Crore. BSE is the market leader in this segment with a market share of 61 percent.
SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform. BSE was the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012.
The response since the launch of this platform by BSE has been very positive till date.