Silver Pearl Hospita announces launch of initial public offering
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Silver Pearl Hospitality & Luxury Spaces Ltd. has announced public offering of 5000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 8.00 per share. The gross proceeds of the issue are expected to be Rs 900.00 lakhs. The company's initial public offer (IPO) will open on 06 June 2022 and is expected to close on 09 June 2022, subject to customary closing conditions.
The IPO includes a fresh Issue of 5000000 Equity Shares of the Company at an price of Rs 18.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 8000 shares with bids in multiples of 8000. Silver Pearl Hospitality & Luxury Spaces Ltd. anticipates using the proceeds of the issue for Purchase of Hotel Property in Goa General Corporate Purposes. Inventure Merchant Banker Services P. Ltd. as lead manager & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue.
