Silver Pearl Hospitality & Luxury Spaces Limited becomes the 375th Company to get listed on BSE SME platform

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Silver Pearl Hospitality & Luxury Spaces Limited becomes the 375th Company to get listed on BSE SME platform.

Silver Pearl Hospitality & Luxury Spaces Limited became the 375th company to get listed on the BSE SME Platform on June 17, 2022. The companycame out with an initial public offering of 50,00,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 18 Per Equity Share (The “Offer Price”), Aggregating to Rs. 9.00 Crore. The company has successfully completed its public issue on June 09, 2022.

Silver Pearl Hospitality & Luxury Spaces Limitedis West Bengal based company whose registered office is at Kolkata. The company engaged in 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”.

Mumbai based Inventure Merchant Banker Services Private Limited, was the lead manager to Silver Pearl Hospitality & Luxury Spaces Limited.

So far, 143 companies have migrated to the main board. The 374 companies listed on BSE SME Platform have raised Rs.3,988.58 crore from the market and total market capitalization of 374 companies as on June 16, 2022 is Rs. 48,297.38 Crore. BSE is the market leader in this segment with a market share of 60 percent.

SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform. BSE was the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012.

The response since the launch of this platform by BSE has been very positive till date.

Business Gujarat News

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