Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Mon, Jun 6, 2022 - Thu, Jun 9, 2022
Silver Pearl Hospitality IPO is a fixed price issue of ₹9.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹9.00 crore.
Silver Pearl Hospitality IPO bidding started from Jun 6, 2022 and ended on Jun 9, 2022. The allotment for Silver Pearl Hospitality IPO was finalized on Jun 14, 2022. The shares got listed on BSE SME on Jun 17, 2022.
Silver Pearl Hospitality IPO price is ₹18 per share. The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Svcm Securities Pvt.Ltd..
Refer to Silver Pearl Hospitality IPO RHP for detailed Information.
IPO Open
Mon, Jun 6, 2022
IPO Close
Thu, Jun 9, 2022
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹14.14 Cr
| IPO Date | 6 to 9 Jun, 2022 |
| Listed on | Fri, Jun 17, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 50,00,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 2,64,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹0.4752 Cr) |
| Fresh Issue (Ex Market Maker) | 47,36,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 47,36,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 28,53,000 shares |
| Share Holding Post Issue | 78,53,000 shares |
| BSE Script Code | 543536 |
| ISIN | INE0KXN01014 |
Silver Pearl Hospitality IPO comprises a total issue size of 50,00,000 shares. The net offer to the public is 47,36,000 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 23,68,000 (50.00%) allocated to NII 23,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,68,000 | 50.00% | 47.36% |
| Retail Shares Offered | 23,68,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,64,000 | 5.28% | |
| Total Shares Offered | 50,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 4.60 | 2.44 | 2.11 |
| Total Income | 0.46 | 0.18 | 0.29 |
| Profit After Tax | 0.12 | 0.03 | 0.00 |
| NET Worth | 4.37 | 0.94 | 0.91 |
| Reserves and Surplus | 1.65 | 0.58 | 0.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Hotel Property in Goa | 6.50 |
| 2 | General Corporate Purpose | 1.80 |
| KPI | |
|---|---|
| Debt/Equity | 0.00 |
| RoNW | 2.68% |
| PAT Margin | 25.55% |
| EBITDA Margin | 35.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.03 | |
| P/E (x) | 120 | |
| Promoter Holding | 75.05% | 27.27% |
| Market Cap | ₹14.14 Cr. |
The Silver Pearl Hospitality IPO is subscribed 1.68 times on June 9, 2022 6:06:00 PM (Day 4). The public issue subscribed 2.56 times in the retail category, [.] times in the QIB category, and 0.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.8 | 23,68,000 | 19,04,000 |
| Retail | 2.56 | 23,68,000 | 60,56,000 |
| Total | 1.68 | 47,36,000 | 79,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.55 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹16.00 |
| Low | ₹15.20 |
| High | ₹16.00 |
| Last Trade | ₹15.20 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Silver Pearl Hospitality IPO is a SME IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Mon, Jun 6, 2022, and closes on Thu, 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 Mon, Jun 6, 2022 and closes on Thu, Jun 9, 2022.
Silver Pearl Hospitality IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Silver Pearl Hospitality IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Jun 16, 2022. Check the Silver Pearl Hospitality IPO allotment status.
The Silver Pearl Hospitality IPO listing date is on Fri, Jun 17, 2022.
