Silver Pearl Hospitality IPO

Silver Pearl Hospitality (IPO) & Luxury Spaces Limited is a hospitality company. The company is involved in the mid-priced hotel category, which includes upper-midscale, midscale, and economy hotels. Silver Pearl Hospitality’s current properties are located in Rakchham, Kinnaur, and Himachal Pradesh. Silver Pearl Hospitality & Luxury Spaces Limited hotels, cafes and restaurants are operated under the brand name “Osiya”.

The company also engages in the business of Online Marketing and Branding of Tashi Dolma Home stay situated at Bhabha Nagar, Tehsil Nichar, District Kinnaur, Himachal Pradesh on a commission basis. The guest house will be known as ” Osiya Tashi Dolma Home Stay”.

The company business model includes direct ownership of hotel properties, long-term lease or license arrangements for the land on which the company constructs its hotels, long-term leases for existing hotels or homestays which are owned by third parties, and marketing agreements.

Competitive Strengths:

  • Experienced promoter and management team.
  • Operational efficiency.
  • Customer Experience.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
 30-Mar-2231-Mar-2131-Mar-20
Total Assets459.79244.48211.06
Total Revenue45.8918.4129.38
Profit After Tax11.723.300.48

Objects of the Issue:

The objects of the Net Proceeds of the Issue are:

1. Purchase of Hotel Property in Goa.

2. General Corporate Purposes.

Silver Pearl Hospitality IPO Details

Silver Pearl Hospitality IPO DateJun 6, 2022 to Jun 9, 2022
Silver Pearl Hospitality IPO Face Value₹10 per share
Silver Pearl Hospitality IPO Price₹18 per share
Silver Pearl Hospitality IPO Lot Size8000 Shares
Issue Size5,000,000 shares of ₹10
(aggregating up to ₹9.00 Cr)
Fresh Issue5,000,000 shares of ₹10
(aggregating up to ₹9.00 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersRajesh Kumar Negi and Two Sisters Hotels And Resorts Private Limited are the company promoters.

Silver Pearl Hospitality IPO Timeline

IPO opens on Jun 6, 2022, and closes on Jun 9, 2022. IPO bid date is from Jun 6, 2022 10.00 A.M. to Jun 9, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

EventDate
Silver Pearl Hospitality IPO Opening DateJun 6, 2022
Silver Pearl Hospitality IPO Closing DateJun 9, 2022
Basis of AllotmentJun 14, 2022
Initiation of RefundsJun 15, 2022
Credit of Shares to DematJun 16, 2022
Silver Pearl Hospitality IPO Listing DateJun 17, 2022

IPO Lot Size

IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).

ApplicationLotsSharesAmount
Minimum18000₹144,000
Maximum18000₹144,000

IPO Promoter Holding

Pre Issue Share Holding75.05%
Post Issue Share Holding27.27%

IPO Prospectus

Company Contact Information

Silver Pearl Hospitality & Luxury Spaces Limited
3B, Lal Bazar Street,
Sir RNM House, 5th Floor, Room No. 2,
Kolkata – 700001
Phone: +91 33 4006 9937
Email: [email protected]
Websitehttp://www.silverpearlhospitality.com/

IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: [email protected]
Websitehttp://www.purvashare.com

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IPO Lead Manager(s)

  1. Inventure Merchant Banker Services Pvt Ltd