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Silver Pearl Hospitality & Luxury Spaces Ltd IPO (Silver Pearl Hospitality IPO) Detail

June 6, 2022 - June 9, 2022

Silver Pearl Hospitality IPO is a fixed price issue of Rs 9.00 crores. The issue is entirely a fresh issue of 50 lakh shares.

Silver Pearl Hospitality IPO bidding started from June 6, 2022 and ended on June 9, 2022. The allotment for Silver Pearl Hospitality IPO was finalized on Tuesday, June 14, 2022. The shares got listed on BSE SME on June 17, 2022.

Silver Pearl Hospitality IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to ₹288,000.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Silver Pearl Hospitality IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.

Refer to Silver Pearl Hospitality IPO RHP for detailed information.

Silver Pearl Hospitality IPO Details

IPO Date June 6, 2022 to June 9, 2022
Listing Date June 17, 2022
Face Value ₹10 per share
Price ₹18 per share
Lot Size 8000 Shares
Total Issue Size5,000,000 shares
(aggregating up to ₹9.00 Cr)
Fresh Issue5,000,000 shares
(aggregating up to ₹9.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion264,000 shares

Silver Pearl Hospitality IPO Reservation

Silver Pearl Hospitality IPO offers 5,000,000 shares. 2,368,000 (47.36%) to NII, 2,368,000 (47.36%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered264,000 (5.28%)
Other Shares Offered2,368,000 (47.36%)
Retail Shares Offered2,368,000 (47.36%)
Total Shares Offered5,000,000 (100%)

Silver Pearl Hospitality IPO Timeline (Tentative Schedule)

Silver Pearl Hospitality IPO opens on June 6, 2022, and closes on June 9, 2022.

IPO Open Date Monday, June 6, 2022
IPO Close Date Thursday, June 9, 2022
Basis of Allotment Tuesday, June 14, 2022
Initiation of Refunds Wednesday, June 15, 2022
Credit of Shares to Demat Thursday, June 16, 2022
Listing Date Friday, June 17, 2022
Cut-off time for UPI mandate confirmation 5 PM on June 9, 2022

Silver Pearl Hospitality IPO Lot Size

Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 8000 ₹144,000
Retail (Max) 1 8000 ₹144,000
HNI (Min) 2 16,000 ₹288,000
Lot Size Calculator

Silver Pearl Hospitality IPO Promoter Holding

Rajesh Kumar Negi and Two Sisters Hotels And Resorts Private Limited are the company promoters.

Share Holding Pre Issue 75.05%
Share Holding Post Issue 27.27%

About Silver Pearl Hospitality & Luxury Spaces Ltd

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 Financials

Silver Pearl Hospitality & Luxury Spaces Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20211.0629.380.4891.0455.08
31-Mar-21244.4818.413.394.3458.38
31-Mar-22459.7945.8911.72436.92165.35
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Silver Pearl Hospitality IPO is Rs 14.14 Cr.

Pre IPO Post IPO
P/E (x) 120

Objects of the Issue (Silver Pearl Hospitality IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  The company has minuscule financial data and despite super earnings for FY22, its exorbitant asking price are the pinpoints. Other major concerns are the low promoter equity post IPO and servicing to multifold paid-up equity. There is no harm in skipping this pricy offer. Read detail review...


Silver Pearl Hospitality IPO Subscription Status (Bidding Detail)

The Silver Pearl Hospitality IPO is subscribed 1.68 times on June 9, 2022 6:06:00 PM. The public issue subscribed 2.56 times in the retail category, times in the QIB category, and 0.80 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other0.80
Retail2.56
Total1.68

Silver Pearl Hospitality IPO Prospectus

Silver Pearl Hospitality IPO Rating

117
3.3
Rating:Rated 3.3 stars
Vote Here ...

Silver Pearl Hospitality IPO Listing Details

Listing Date June 17, 2022
BSE Script Code 543536
NSE Symbol
ISIN INE0KXN01014
Final Issue Price ₹18 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹18.00
₹16.00
₹15.20
₹16.00
₹15.20

Check IPO Performance…

Silver Pearl Hospitality & Luxury Spaces Ltd Contact Details

Silver Pearl Hospitality & Luxury Spaces Ltd
3B, Lal Bazar Street,
Sir RNM House, 5th Floor, Room No. 2,
Kolkata - 700001
Phone: +91 33 4006 9937
Email: info@silverpearlhospitality.com
Website: http://www.silverpearlhospitality.com/

Silver Pearl Hospitality IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

Silver Pearl Hospitality IPO - Buy or Not

Silver Pearl Hospitality IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 8

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Silver Pearl Hospitality IPO FAQs

Silver Pearl Hospitality IPO is a SME IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹9.00 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.

The IPO opens on June 6, 2022, and closes on June 9, 2022.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Silver Pearl Hospitality IPO using UPI as a payment gateway. Zerodha customers can apply in Silver Pearl Hospitality IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Silver Pearl Hospitality IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Silver Pearl Hospitality IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Silver Pearl Hospitality IPO opens on June 6, 2022 and closes on June 9, 2022.

Silver Pearl Hospitality IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.

You can apply in Silver Pearl Hospitality IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Silver Pearl Hospitality IPO will be done on Tuesday, June 14, 2022, and the allotted shares will be credited to your demat account by Thursday, June 16, 2022. Check the Silver Pearl Hospitality IPO allotment status.

The Silver Pearl Hospitality IPO listing date is on June 17, 2022.
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Silver Pearl Hospitality IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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116 Comments

38. Takamichi |   Link |  Bookmark |July 11, 2022 10:06:24 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
When would the circuit change? Then there can be some buyer at lower Price..... At this price it's going nowhere
37. VKanna |   Link |  Bookmark |June 18, 2022 8:40:30 PM
Experts please share your views on Le Merite exports, bought 18 lots at 82 Rs now in huge loss, now this trades around 57. Will this stock has chances to move up in near term, day by day, the stock value keep reducing. Expecting the experts to share your views on this @Lokesh, @Noorul, @Avenue, @mRavi, @ipoanalysis, @eva, others suggestions also welcome
37.1. Takamichi |   Link |  Bookmark |June 26, 2022 2:30:19 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
They can't do anything anyway.....company is good...it would reach 100 eventually.....bad times bad picks but not a bad enterprise.... And u see it has stabilized in the range for few days so from here u can't loose any more....so stay invested and stay positive.....only thing is when it will move up ....its a matter of when and not if
37.2. Takamichi |   Link |  Bookmark |June 30, 2022 3:00:46 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Got Good news atlast? Company will touch above 100 after next quarter results
36. Trueinfo |   Link |  Bookmark |June 17, 2022 6:16:45 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listing today. Will be interesting to see, how it lists? Will it surprise like Rachna?
36.4. Trueinfo |   Link |  Bookmark |June 17, 2022 1:59:49 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listing really scary. Only one lot traded in preopen.
36.5. Avenue |   Link |  Bookmark |June 17, 2022 2:55:55 PM
Really !!! Do you mean that one lot decided the listing @ 16.
That One lot might have saved many, for the time being though, Else might have listed at much lower price...
Silver pearls are scattered.
35. KING VINOD |   Link |  Bookmark |June 10, 2022 6:19:37 AM
IPO Guru IPO Guru (2400+ Posts, 5200+ Likes)
Goel Food Products Limited - BSE SME IPO
Issue Date: 15 June to 20 June 2022
Price: Rs 72
Lot Size: 1600 Shares
Issue: 10,01,600 Shares
Issue size: Rs 7.21 Cr
FV: Rs 10
Retail: 4,75,200 Shares
Retail available Forms: 297
Lead Manager: Gretex
35.1. Ravu |   Link |  Bookmark |June 10, 2022 8:09:44 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Appreciate the advance Info
34. KAPPO |   Link |  Bookmark |June 9, 2022 5:13:12 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
LM KAUN HAI???
34.2. NaveenM |   Link |  Bookmark |June 9, 2022 6:01:20 PM (200+ Posts)
The lead manager to Scarnose IPO is FINSHORE MANAGEMENT SERVICES LIMITED
The Registrar to Scarnose IPO is CAMEO CORPORATE SERVICES LIMITED
34.3. KAPPO |   Link |  Bookmark |June 9, 2022 7:31:28 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
THNX BRO
33. Anuragsinghal |   Link |  Bookmark |June 9, 2022 4:09:46 PM
New BSE SME IPO

*Scarnose International Limited-BSE SME*

Issue Date : *14-Jun to 17-Jun, 2022*
Price : *Rs 55*
Lot Size : *2000 Shares*

Issue : *12,00,000 Shares*
Issue size : *Rs 6.6 Cr*
FV : *Rs 10*

Retail : *5,70,000 Shares*
Retail Forms : *285*
33.2. Dinesh Singh |   Link |  Bookmark |June 9, 2022 5:02:50 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Great news πŸ‘
33.3. NaveenM |   Link |  Bookmark |June 9, 2022 5:11:50 PM (200+ Posts)
Scarnose International Limited was established in the year 2011 as a Private Limited Company with the basic object of Trading. Till March 2019, there was no major business activity in the company. After that they started trading of Raw Cotton, Cotton Bales, Yarn and manufacturing of Ladies Kurtis and Dress Materials through outsourcing model. Their company had started its business operation effectively from financial year 2019-20.

Within three years they are here with the IPO !!!
32. GJ πŸ˜€ |   Link |  Bookmark |June 8, 2022 4:27:29 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Zerodha now supports BSE SME IPOs too.
https://support.zerodha.com/category/console/ipo/ipo-application/articles/sme-ipo
32.20. GJ πŸ˜€ |   Link |  Bookmark |June 9, 2022 4:02:26 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@lokes,
There are 2 types of limits in UPI.
1. Daily fund transfer limit: 1 lac for now
2. IPO mandate limit: 5 lac for now

Like @Avenue mentioned,
It did the same for my sister's application too.
4-5 failed tries till the next day at 11.50 AM and then 1 successful try around 11.55 AM for Fidel.
And I checked allotment details for that UPI application on the registrar site, it is showing, "NON-ALLOTTE"
and for 2-3 other applications, whose UPI mandates were not successful, it is showing Blank output.

Successful one was on GPay. If needed, I can share screenshots and application details.
32.21. GJ πŸ˜€ |   Link |  Bookmark |June 9, 2022 4:30:45 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@kml,
Yes, you can sell SMEs (NSE and BSE both) from Zerodha.
31. Dinesh Singh |   Link |  Bookmark |June 9, 2022 1:08:48 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Retailers will get HNI portion of shares also.
Till now it seems HNI will not be subscribed 1X.
50% discount listing is possible.
Retailer please enjoys listing loss.
31.1. Trueinfo |   Link |  Bookmark |June 9, 2022 1:42:12 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Abhi toh Dilli door hai. Next two hours will tell the real story.
31.2. Dinesh Singh |   Link |  Bookmark |June 9, 2022 3:09:30 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Dilli door hi rahegi...
Only Retailers are applying for listing loss.
30. lokes |   Link |  Bookmark |June 9, 2022 12:25:04 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
I am not going to apply here for sure no matter what are the final subscriptions in any category....neither company financials nor the sector is interesting for me......We have recently seen that even with good subscriptions, below average sme's didn't performed well after listing like nanavati, fone4 and sonu infratech.
30.3. lokes |   Link |  Bookmark |June 9, 2022 2:37:51 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
looks its subscription will also be very bad.....
30.4. Trueinfo |   Link |  Bookmark |June 9, 2022 2:51:31 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Yes, initial manipulated momentum has fizzled out. Will barely subscribe accounting for rejections and non acceptance of UPI mandates.
29. Trueinfo |   Link |  Bookmark |June 8, 2022 8:54:58 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
In the absence of any other IPO scheduled after Silver pearl, how will IPO addicts pass time? Must be very boring or even painful!
29.3. Avenue |   Link |  Bookmark |June 9, 2022 10:46:06 AM
@Noorul.. Thanks for your recommendations ...

I already reviewed Option 2 and soon will cover other two :)
29.4. PKRAJ |   Link |  Bookmark |June 9, 2022 2:31:25 PM
We all are IPO addict and will go on watching seeing share market news irrespective of other things. Share Market addiction cannot be compensated by watching movies. There are many more things. Money lying in the Bank account will also be a problem. Buy from market and be happy. Profit or loss don't make any difference for addicts.
28. ShiningShiva |   Link |  Bookmark |June 9, 2022 12:23:47 PM
πŸ‘πŸ‘πŸ‘πŸ‘ Fully subscribed.
27. Avenue |   Link |  Bookmark |June 8, 2022 1:52:02 AM
Frustrated non allottees of Fidel, like me, may give a push to silver pearl subscription.
Control your emotions, guys...
27.6. Trueinfo |   Link |  Bookmark |June 8, 2022 11:57:35 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
@Avenue, That's right. frustrated as well as 'vehle baithe' in the absence of any other IPO, all need to control their emotions. But, one doubt, when every worthy senior boarder here says, that SME is pure operator's play, and no fundamentals, then how do we say that operator will not jack up the price here at the time of listing.
27.7. PKRAJ |   Link |  Bookmark |June 9, 2022 11:19:58 AM
In the name of the Company, there is already Silver and Pearl. I don't know the people who are frustrated by Fidel non allotment, will apply in this issue and get Silver and Pearl. DON'T forget LIC. Rest for sometime physically and mentally. Man proposes God disposes.
26. Trueinfo |   Link |  Bookmark |June 9, 2022 7:15:31 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Today NIIs will jump in. Many from this forum also. Will be interesting to watch subscription..
25. JAI MATA DI |   Link |  Bookmark |June 8, 2022 9:55:59 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
I think retail investors apply every SME IPO. Without any thinking.
25.1. Avenue |   Link |  Bookmark |June 8, 2022 10:58:19 PM
But now a days they accept their mandates after thinking and careful consideration.
24. chetan ipo |   Link |  Bookmark |June 8, 2022 1:21:49 PM
Lo ji.... Na Na karte bhar hi gaya, Pata nahi kisne bhara..
24.1. Trueinfo |   Link |  Bookmark |June 8, 2022 1:56:07 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Aise hi Listing bhi positive mein ho jayegi.
23. Jetha Lal |   Link |  Bookmark |June 8, 2022 1:50:06 PM
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Dilip sir rarely give "Avoid" tag to an IPO but if he gives then that IPO should be complete avoided πŸ˜‚πŸ˜‚
22. OneSevenSevenOne |   Link |  Bookmark |June 8, 2022 8:14:41 AM
Retail officially reaches 1x. Cool down everyone. Expensive financials + falling market = Disaster. Due to negligence and greed, IPOs so expensive sail through. Retailers have forgot Bhatia color, omnipotent and brandbucket pretty quickly.
21. Trueinfo |   Link |  Bookmark |June 7, 2022 12:06:29 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Looks like heading for good subscription. May be 5-10Γ—. Some of this forum members, who may presently be avoiding, will also jump in to join the bandwagon.
21.1. ShiningShiva |   Link |  Bookmark |June 7, 2022 1:38:13 PM
Most people (retail/HNIs) apply with UPI, just not to accept the mandate. Subscription should not be basis for application, especially in current market conditions.
20. Jetha Lal |   Link |  Bookmark |June 6, 2022 5:09:19 PM
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Asset : 4.6 cr
Revenue : 45.8 lakh
Profit : 11.7 lakh
IPO size : 9 cr (Twice of current assets)
Retailers are still hung-ho πŸ˜‚πŸ˜‚

Kaise kaise IPO(SME) aa jate hai🀣🀣🀣

What do you think within how many years it will delist?🀣🀣
20.2. πŸ”₯ IPO CALLING πŸ”₯ |   Link |  Bookmark |June 7, 2022 12:30:36 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Sme is game of black to white
20.3. Jetha Lal |   Link |  Bookmark |June 7, 2022 11:38:59 AM
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
@Dinesh Singh Ji
I have never looked for SME IPO and I think in most of SMEs there is nothing to analyse.
It's mostly operator play.
Since I am new to this game so I will observe and learn from senior and fellow members here that how things work here:)

@IPO CALLING JI
HAHAHA I wish I had black money 🀣🀣
19. chetan ipo |   Link |  Bookmark |June 6, 2022 2:59:03 PM
Does non subscribed NII/QIB portion alloted to RII? Any one having idea?
19.1. Ravu |   Link |  Bookmark |June 6, 2022 4:42:02 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Under subscribed NII quota will be allocated to RII if RII is oversubscribed and vice versa.
19.2. chetan ipo |   Link |  Bookmark |June 7, 2022 10:44:57 AM
Thanks