Silver Pearl Hospitality & Luxury Spaces Ltd IPO (Silver Pearl Hospitality IPO) Details
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.
- Experienced promoter and management team.
- Operational efficiency.
- Customer Experience.
|Particulars||For the year/period ended (Rs in Lakhs)|
|Profit After Tax||11.72||3.30||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 IPO Details
|Silver Pearl Hospitality IPO Date||Jun 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 Size||8000 Shares|
|Issue Size||5,000,000 shares of ₹10|
(aggregating up to ₹9.00 Cr)
|Fresh Issue||5,000,000 shares of ₹10|
(aggregating up to ₹9.00 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||BSE SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Company Promoters||Rajesh Kumar Negi and Two Sisters Hotels And Resorts Private Limited are the company promoters.|
Silver Pearl Hospitality IPO Timeline (Tentative Timetable)
Silver Pearl Hospitality IPO opens on Jun 6, 2022, and closes on Jun 9, 2022. The Silver Pearl Hospitality 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.
|Silver Pearl Hospitality IPO Opening Date||Jun 6, 2022|
|Silver Pearl Hospitality IPO Closing Date||Jun 9, 2022|
|Basis of Allotment||Jun 14, 2022|
|Initiation of Refunds||Jun 15, 2022|
|Credit of Shares to Demat||Jun 16, 2022|
|Silver Pearl Hospitality IPO Listing Date||Jun 17, 2022|
Silver Pearl Hospitality IPO Lot Size
The Silver Pearl Hospitality IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).
Silver Pearl Hospitality IPO Promoter Holding
|Pre Issue Share Holding||75.05%|
|Post Issue Share Holding||27.27%|