HomeIPO SMESilver Pearl Hospitality & Luxury Spaces IPO Details

Silver Pearl Hospitality & Luxury Spaces IPO Details

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Silver Pearl Hospitality IPO subscription is to open on June 06, 2022, and will close on June 09, 2022, the price band of the Silver Pearl Hospitality IPO is fixed at ₹ 18. Silver Pearl is a hospitality company that operates in the mid-priced hotel sector, consisting of the upper-midscale, midscale, and economy hotel segment. Check the Silver Pearl Hospitality Subscription Status & Allotment Status.

About Silver Pearl Hospitality

Silver Pearl is a hospitality company and operates in the mid-priced hotel sector, consisting of the upper-midscale, midscale, and economy hotel segment. The current properties are located in Rakchham, Kinnaur, and Himachal Pradesh. Rakchham village is located in Sangla Tehsil of Kinnaur district in Himachal Pradesh, India. Rakchham village is around 10 km from Chitkul and around 12 km from Sangla and is located between the two. The first hotel property started operations in FY 19-20.

Silver Pearl Hospitality & Luxury Space also operates a cafe at Rakchham. All the hotels, cafes, and restaurants are operated under the brand name “Osiya”. Silver Pearl Hospitality & Luxury Space provides authentic hospitality and gives the guests a localized and memorable experience. Silver Pearl seeks to cater to the family as well as adventure-loving guests and deliver differentiated yet superior service offerings, with a value-for-money proposition.

Currently, Silver Pearl is operating with 36 rooms in 4 properties.

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Silver Pearl owns, manage, operate and market the hotels. The company also operates restaurants and a cafe. The café has a seating capacity of 100 people. As of the date of this Prospectus, the portfolio consisted of the following:

  1. Osiya Shambhu Lodge at Rakchham – Leased Property
  2. Osiya Shoshla Café – Leased Property
  3. Osiya Rangnoo Rakchham Retreat – Leased Property
  4. Osiya Tashi Dolma Homestay – Marketing & Branding
  5. Osiya Baba Inn Guest Home – Marketing & Branding

Important Details – Silver Pearl Hospitality

DateDetails
January 31, 2011The ompany was originally incorporated as a private limited company with the name ‘Silver Pearl Commercial Private Limited’.
November 18, 2013The company was converted into to a public limited company and the name of the company was changed to ‘Silver Pearl Commercial Limited’
January 3, 2014Subsequently, the name of the company was changed to “Silver Pearl Hospitality & Luxury Spaces Limited”

Also Read:

  • Silver Pearl Hospitality IPO Subscription Status
  • Silver Pearl Hospitality IPO Allotment Status
  • Silver Pearl Hospitality IPO Listing Date

Objects of the Issue

  • Purchase of Hotel Property in Goa
  • General Corporate Purposes

Silver Pearl Hospitality Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 459.79 244.48 211.06
Total income 45.89 18.41 29.38
Total Expenses 28.43 11.81 28.89
Profit After Tax 11.72 3.30 0.47

Silver Pearl IPO Price – Details

DescriptionDetails
Public IssueInitial Public Issue of upto 50,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 900 lakhs)
Issue Open  Date06-Jun-22
Issue Close Date09-Jun-22
Issue TypeFixed Price
IPO Price Band₹ 18
Face Value ₹ 10
Market Lot 8000 Equity Shares and in multiples thereof
Minimum Order Quantity 8000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
NSE SymbolSILVERPRL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Silver Pearl IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum18000₹ 1,44,000
Maximum18000₹ 1,44,000

Silver Pearl IPO Lead Managers

  • Inventure Merchant Banker Services Private Ltd

Silver Pearl IPO Registrar

  • Purva Sharegistry (India) Private Limited

Silver Pearl IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on06-Jun-22
Bid / Offer Closes on09-Jun-22
Finalisation of Basis of Allotment14-May-22
Initiation of refunds 15-May-22
Credit of the Equity Shares16-May-22
Listing Date17-May-22

Company Registered Office

3B, Lal Bazar Street,
Sir RNM House,
5th Floor, Room No. 2,
Kolkata -700001,
West Bengal, India

Company Corporate Office

Osiya Shambhu Lodge,
Sangla Chitkul Road,
VPO Rakchham,
Tehsil Sangla – 172 106,
Himachal Pradesh, India
Website: www.silverpearlhospitality.com

Company Promoters

  • Rajesh Kumar Negi
  • Two Sisters Hotels and Resorts Private Ltd

Silver Pearl IPO – FAQS

What is the Silver Pearl IPO Price?

The Silver Pearl IPO price band is 18 per share

When Silver Pearl IPO will open?

The Silver Pearl IPO opens on Jun 06, 2022 and closes on Jun 09, 2022

What is the lot size of Silver Pearl Hospitality IPO?

The Silver Pearl Hospitality IPO lot size is 8000 Equity Shares and the minimum order quantity is 8000 Equity Shares

Who is the Registrar for Silver Pearl Hospitality IPO?

The Registrar for Silver Pearl Hospitality IPO is Purva Sharegistry

How to apply in Silver Pearl Hospitality IPO through UPI?

Check the step by step process here – Click here

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