Business Standard

Silver Pearl Hospitality & Luxury Spaces Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

9.00 cr

Price Range (₹)

18

Lot Size

8000

Min Investment (₹)

1,44,000.00

Listing Exchange

BSE - SME

Open Date

06-Jun-2022

Close Date

09-Jun-2022

Listing Date

17-Jun-2022

Silver Pearl Hospitality & Luxury Spaces Ltd News

    The Shares of Silver Pearl Hospitality & Luxury Spaces Ltd have now been listed.

    Silver Pearl Hospitality & Luxury Spaces Ltd IPO Details

    Public issue of 50,00,000 equity shares of face value of Rs. 10.00 each of Silver Pearl Hospitality & Luxury Spaces Limited (The Company or The Issuer) for cash at a price of Rs. 18.00 per equity share (including a share premium of Rs. 8.00 per equity share) (Issue Price) aggregating to Rs.9.00 crores (The Issue). Of the issue, 2,64,000 equity shares aggregating to Rs. 0.48 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 47,36,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 18.00 per equity share aggregating to Rs. 8.52 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 63.67% and 60.31%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 18.00 is 1.80 times of the face value.

    Objective of issue

    Purchase of Hotel Property in Goa. General Corporate Purposes.

    Silver Pearl Hospitality & Luxury Spaces Ltd Contact Details

    Silver Pearl Hospitality & Luxury Spaces Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

    Phone - 91-22-23010771/23018261

    Fax - 91-22-23012517

    Email - info@silverpearlhospitality.com

    Website - www.silverpearlhospitality.com