Silver Pearl Hospitality & Luxury Spaces Limited
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Silver Pearl Hospitality & Luxury Spaces Limited's successfully transitioned to public market status with its listing on BSE on Jun 17, 2022. The IPO mobilized 50,00,000 Shares in cumulative capital, including 50,00,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹18 to ₹18, with minimum investment lots of 8000 shares. subscription activity between Jun 06, 2022 and Jun 11, 2022 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jun 14, 2022, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Silver Pearl Hospitality & Luxury Spaces Limited operates in the hospitality sector, focusing on the mid-priced hotel category, which includes upper-midscale, midscale, and economy hotels. The company's current properties are located in Rakchham, Kinnaur, Himachal Pradesh, and operate under the brand name "Osiya." In addition to hotel operations, Silver Pearl Hospitality is engaged in online marketing and branding for Tashi Dolma Home Stay in Bhabha Nagar, Tehsil Nichar, District Kinnaur, Himachal Pradesh, on a commission basis. This guest house is marketed as "Osiya Tashi Dolma Home Stay." The company's business model includes direct ownership of hotel properties, long-term lease or license agreements for land where hotels are constructed, leasing existing hotels or homestays owned by third parties, and marketing agreements.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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Rajesh Kumar Negi
Silver Pearl Hospitality & Luxury Spaces Limited
Purva Sharegistry India Private Limited