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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 DRHP for detailed information.
| 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 Size | 5,000,000 shares (aggregating up to ₹9.00 Cr) |
| Fresh Issue | 5,000,000 shares (aggregating up to ₹9.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,853,000 |
| Share holding post issue | 7,853,000 |
| Market Maker portion | 264,000 shares |
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 Offered | 264,000 (5.28%) |
| Other Shares Offered | 2,368,000 (47.36%) |
| Retail Shares Offered | 2,368,000 (47.36%) |
| Total Shares Offered | 5,000,000 (100%) |
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 |
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 | |||
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% |
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 | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 211.06 | 29.38 | 0.48 | 91.04 | 55.08 |
| 31-Mar-21 | 244.48 | 18.41 | 3.3 | 94.34 | 58.38 |
| 31-Mar-22 | 459.79 | 45.89 | 11.72 | 436.92 | 165.35 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Silver Pearl Hospitality IPO is Rs 14.14 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 120 |
The objects of the Net Proceeds of the Issue are:
1. Purchase of Hotel Property in Goa.
2. General Corporate Purposes.
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 0.80 |
| Retail | 2.56 |
| Total | 1.68 |
| Listing Date | June 17, 2022 |
| BSE Script Code | 543536 |
| NSE Symbol | |
| ISIN | INE0KXN01014 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹18.00 |
| ₹16.00 |
| ₹15.20 |
| ₹16.00 |
| ₹15.20 |
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: https://www.purvashare.com/investor-service/ipo-query
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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
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.
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