Silver Pearl Hospitality IPO description – The company operates in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segment. Its current properties are located in Rakchham, Kinnaur, Himachal Pradesh. Rakchham village is located in Sangla Tehsil of Kinnaur district in Himachal Pradesh, India. The company started its first hotel property in FY2019-20 and now also operates a 100-seater café at Rakchham. All its hotels, cafes and restaurants are operated under the brand name “Osiya”.
Currently, the company operates with 36 rooms in 4 properties. It owns, manages, operates and markets the hotels. We also operate restaurants and a cafe. Silver Pearl Hospitality’s portfolio consists 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 Home stay – Marketing & Branding
- 5. Osiya Baba Inn Guest Home – Marketing & Branding
As part of growth and geographical diversification strategy, it intends to purchase a hotel property in Goa. This property will increase the company’s geographical reach and also provide it business during winter season from November to February which is comparatively a lean season for Rakkcham properties. Silver Pearl Hospitality has entered into a Memorandum of Understanding dated 12 January 2022 for the purchase of property with the current owners at the price of INR6.8 crore and has paid an advance of INR30 lakhs for the same while the balance of INR6.5 crore will be paid from the IPO proceeds.
Promoters of Silver Pearl Hospitality – Rajesh Kumar Negi and Two Sisters Hotels and Resorts Private Limited
Silver Pearl Hospitality IPO Details
| Subscription Dates | 6 – 9 June 2022 |
| Price Band | INR18 per share |
| Fresh issue | 50,00,000 shares (INR9 crore) |
| Offer For Sale | Nil |
| Total IPO size | 50,00,000 shares (INR9 crore) |
| Minimum bid (lot size) | 8,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Silver Pearl Hospitality Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 29.4 | 18.4 | 45.9 |
| Expenses | 28.9 | 11.8 | 28.4 |
| Net income | 0.5 | 3.3 | 11.7 |
Silver Pearl Hospitality Offer News
Silver Pearl Hospitality Offer Valuation (as of FY2022)
Earnings Per Share (EPS): INR1.03
Pre-IPO Price/Earnings (PE ratio): 17.55
Return on Net Worth (RONW): 2.68%
Net Asset Value (NAV): INR15.31 per share
Silver Pearl Hospitality IPO GMP Daily Trend
| Date | Silver Pearl Hospitality IPO GMP | Kostak | Subject to Sauda |
Silver Pearl Hospitality IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 25,00,000 | 25,00,000 | 50,00,000 |
| Day 1 | 0.11 | 0.53 | 0.32 |
| Day 2 | 0.46 | 1.00 | 0.73 |
| Day 3 | 0.54 | 1.39 | 0.97 |
| Day 4 | 0.76 | 2.42 | 1.59 |
Silver Pearl Hospitality Offer Registrar
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 2518
Email: [email protected]
Website: www.purvashare.com
Silver Pearl Hospitality IPO Contact Details
Silver Pearl Hospitality & Luxury Spaces Limited
Osiya Shambhu Lodge, Sangla Chitkul Road,
VPO Rakchham, Tehsil Sangla – 172 106,
Himachal Pradesh
Phone: 33 4006 9937
Email: [email protected]
Website: www.silverpearlhospitality.com
Silver Pearl Hospitality IPO Allotment Status
Silver Pearl Hospitality IPO allotment is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Silver Pearl Hospitality IPO Timetable
| IPO Opening Date | 6 June 2022 |
| IPO Closing Date | 9 June 2022 |
| Finalisation of Basis of Allotment | 14 June 2022 |
| Initiation of refunds | 15 June 2022 |
| Transfer of shares to demat accounts | 16 June 2022 |
| Listing Date | 17 June 2022 |
| Opening Price on BSE SME | INR16 per share (down 11.11% from IPO price) |
| Closing Price on BSE SME | INR15.2 per share (down 15.56% from IPO price) |
Silver Pearl Hospitality IPO FAQs
What is Silver Pearl Hospitality offer size?
Silver Pearl Hospitality offer size is INR9 crore.
What is Silver Pearl Hospitality IPO Price Band?
Silver Pearl Hospitality public offer price is INR18 per share.
What is the lot size of Silver Pearl Hospitality IPO?
Silver Pearl Hospitality offer lot size is 8,000 shares.
What is Silver Pearl Hospitality IPO GMP today?
Silver Pearl Hospitality IPO GMP today is NA per share.
What is Silver Pearl Hospitality kostak rate today?
Silver Pearl Hospitality kostak rate today is NA per application.
What is Silver Pearl Hospitality Subject to Sauda rate today?
Silver Pearl Hospitality Subject to Sauda rate today is NA per application.
