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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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 211.06 | 29.38 | 0.48 |
| 31-Mar-21 | 244.48 | 18.41 | 3.3 |
| 31-Mar-22 | 459.79 | 45.89 | 11.72 |
| Amount in ₹ Lakhs | |||
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 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 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.
| Event | Date |
|---|---|
| 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 |
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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹144,000 |
| Maximum | 1 | 8000 | ₹144,000 |
| Pre Issue Share Holding | 75.05% |
| Post Issue Share Holding | 27.27% |
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...
The Silver Pearl Hospitality IPO is subscribed 1.68 times on Jun 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)
| Category | Subscription (times) |
|---|---|
| NII | 0.80 |
| Retail | 2.56 |
| Total | 1.68 |
| Listing Date | Friday, June 17, 2022 |
| BSE Script Code | 543536 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0KXN01014 |
| IPO Price | ₹18 per share |
| Face Value | ₹10 per share |
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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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
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 Jun 6, 2022, and closes on Jun 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
Visit Zerodha IPO Application Process Review for more detail.
The Silver Pearl Hospitality IPO opens on Jun 6, 2022 and closes on Jun 9, 2022.
Silver Pearl Hospitality IPO lot size is 8000 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Silver Pearl Hospitality IPO will be done on Jun 14, 2022, and the allotted shares will be credited to your demat account by Jun 16, 2022. Check the Silver Pearl Hospitality IPO allotment status.
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