Pearl Global Industries Ltd IPO

Closed

IPO Synopsis

Public issue of 59,84,994 equity shares of Rs.10 each (equity shares) of House of Pearl Fashions Limited (HOPFL, or House of Pearl, or the Company, or the issuer) for cash at a price of Rs.550 per equity share, aggregating Rs.329.17 Crores, comprising a fresh issue of 47,59,794 Equity shares of Rs.10 each by the company (the fresh issue) and an offer for sale of 12,25,200 equity shares of Rs.10 each by Mr.Deepak Seth, Mrs. Payel seth, Mr.Pallak seth and Mr.Pulkit seth (the selling shareholders). The fresh issue and the offer for sale are together referred to herein as the issue. 1,22,600 equity shares of Rs.10 each will be reserved in the issue for subscription by employees (as specifically defined herein in the section definitions and abbreviations) at the issue price (the employee reservation portion). The issue less the employee reservation portion shall be hereinafter referred to as the net issue. There will also be a green shoe option of up to 6,12,060 equity shares for cash at a price of Rs.550 per equity share aggregating Rs.33.66 Crores (the green shoe option). The issue will constitute 31.38% of the fully diluted post-issue equity share capital of the company assuming that the green shoe option is not exercised and 33.52% of the fully diluted post-issue equity share capital of the company assuming that the green shoe option is exercised in full. Issue Price Rs.550/- per equity share of face value Rs.10 each. The issue price is 55.0 times the face value

How to Apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

    Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

    Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

Don’t have a Demat account? Open one with 5paisa today!

Keep your documents and get your account activated to start applying for Pearl Global Industries Ltd IPOs in just few hours.

Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

Contact Details of Pearl Global Industries Ltd IPO

Contact Information

Address

A-3 Community Centre Phase II,
Naraina Industrial Area,
New Delhi, New Delhi 110028

Pearl Global Industries Ltd IPO Lead Manager

Have more question about Pearl Global Industries Ltd IPO?

Join 5paisa community and ask your questions