New Delhi [India], June 3 (ANI/PNN): Silver Pearl Hospitality and Luxury Spaces Ltd, a hotel company operating in the niche market of the boutique hotel segment, launches an initial public offering of 50,000,000 shares of Rs 10 each at a price fixed rate of Rs 18 per share to mobilize Rs 9 cr. The issue is open for subscription on June 6, 2022 and will close on June 9, 2022. The minimum request must be made for 8,000 shares and their multiples, thereafter. After allocation, the shares will be listed on BSE PME. The issue is solely handled by Inventure Merchant Banker Services Pvt Ltd, and Purva Sharegistry (India) Pvt Ltd is the issue registrar. SVCM Securities Pvt Ltd is the company’s market maker.
Its current properties are located in Rakchham, Kinnaur and Himachal Pradesh. Rakchham village is located in Sangla Tehsil tourist district of Kinnaur in Himachal Pradesh, India. It is about 10 km from Chitkul which is the last village in India near the Chinese border and about 12 km from Sangla and is located between the two. Rakchham is often known as mini-Switzerland and has been the site of many commercial filmings. It is nestled between the majestic snow-capped mountain range of Kinner Kailash and lush green grasslands with the Baspa River. The first hotel property began operations in FY19-20. All of its hotels, cafes and restaurants are operated under “Osiya”. The company offers genuine hospitality and provides guests with a localized and memorable experience. It seeks to meet the needs of families and adventure enthusiasts and to offer differentiated but superior service offers with a proposal for the optimization of resources. To date, the Company’s portfolio consists of the following properties Osiya Shambhu Lodge, Osiya Shoshla Cafe, Osiya Rangnoo Rakchham Retreat, Osiya Tashi Dolma Home and Osiya Baba Inn Guest Home.
Given the explosion in demand, where revenge trips are all the rage, the company intends to increase the keys to Rakchham by installing bubble tents which will be a first of its kind in the north of the country. ‘India. The company had conducted trials in May, and the feedback was very positive. As part of its strategy for growth and geographical diversification, it acquires a running hotel property in Goa spread over 39,000 square feet located at Tamborim, Cavelossim beach. . This property will increase geographical reach and provide business during the winter season from November to February which is relatively a lean season for properties located in Rakchham, Himachal Pradesh. Unlike Himachal Pradesh, Goa remains an all-weather tourist attraction.
The developer, Rajesh Kumar Negi, has around two decades of experience in the hotel and hospitality industry. The management team also has considerable experience in the hospitality industry. The strength of its management team and its understanding of the hospitality market allows it to continue to capitalize on current and future market opportunities. The company, through its directors, is also looking for partners in Shimla, Narkhanda, Nako, Tabo and Kaza to provide vacationers with a great OSIYA experience – they prefer to call it AWWSIA – at every stop of the Spiti circuit. With Covid-19 in decline, the full opening of all sectors and the confinement of people at home for two years, the summer of 2022 promises to be a renewal for the tourism industry in general.
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