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Silver Pearl Hospitality & Luxury Spaces Ltd. makes a weak debut on the bourses with scrip got listed at Rs 16.00 on the Bombay Stock Exchange, a 11.11 per cent discount to its issue price of Rs 18.00. The company, which raised 0.50 Cr from initial public offering, was subscribed 0.82 times, receiving bids for 41.00 lakhs shares against the total issue size of 50.00 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 06 to Jun 09.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE. The company 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 managers & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 51,495.79, down 1,045.60 points, or 1.99 per cent.