Silver Pearl Hospitality & Luxury Spaces Ltd IPO Detail
Silver Pearl Hospitality & 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 Promoters
Rajesh Kumar Negi and Two Sisters Hotels And Resorts Private LimitedIPO Details
| IPO Opening Date | Jun 06, 2022 |
| IPO Closing Date | Jun 09, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹18 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.00 Cr |
| Fresh Issue | ₹9.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.12x | 0.56x | 0.34x | |
| Day 2 | - | - | 0.47x | 1.00x | 0.73x | |
| Day 3 | - | - | 0.54x | 1.39x | 0.97x | |
| Day 4 | - | - | 0.80x | 2.56x | 1.68x |
IPO Tentative Timetable
The Silver Pearl Hospitality & Luxury Spaces Ltd IPO open date is Jun 06, 2022, and the close date is Jun 09, 2022. The issue may list on Jun 17, 2022.
| IPO Open Date | Jun 06, 2022 |
| IPO Close Date | Jun 09, 2022 |
| Basis of Allotment Date | Jun 14, 2022 |
| Initiation of Refunds | Jun 15, 2022 |
| Credit of Shares to Demat Account | Jun 16, 2022 |
| IPO Listing Date | Jun 17, 2022 |
IPO Lot Size
The Silver Pearl Hospitality & Luxury Spaces Ltd IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹144000 |
| Maximum | 1 | 8000 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 75.05% |
| Post Issue Share Holding | 27.27% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 459.79 | 45.89 | 11.72 |
| 31-Mar-21 | 244.48 | 18.41 | 3.30 |
| 31-Mar-20 | 211.06 | 29.38 | 0.48 |
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 & Luxury Spaces Ltd IPO Registrar:
Purva Sharegistry India Pvt Ltd
Silver Pearl Hospitality & Luxury Spaces Ltd IPO Lead Manager(s):
Inventure Merchant Banker Services Pvt Ltd
Company Contact Information:
Silver Pearl Hospitality & Luxury Spaces Ltd
3B, Lal Bazar Street,
Sir RNM House, 5th Floor, Room No. 2,
Kolkata - 700001
