Sea Pearl Beach Resort & Spa Limited
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Nature of business
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Sea Pearl Beach Resort & Spa Limited (the owner of “Royal Tulip Sea Pearl
Beach Resort & Spa Cox’s Bazar”) a Five Star Resort & hotel in Bangladesh,
started its commercial operation from 17 September 2015. The principal
activities of the Company throughout the period were carrying out Resort &
Hotel business. The business activities connected with the Resort & Hotel
business are carried out through a Franchise Agreement between Sea Pearl
Beach Resort & Spa Limited (Franchisee") and GT Investments BV (the
"Franchisor)", a limited liability company organized under the laws of the
Netherlands, having its registered office at Arnhemseweg 2, 387 CH Amersfoot,
the Netherlands dated 01 June 2014. Franchisor are knowledgeable and
experienced in managing and promoting five star hotels and resorts and has
(and/or its Affiliates have) performed such services throughout the world.
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Reason for IPO
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nterior, finishing, furniture & fixture (157 rooms) 106,827,300 (71.22%)
Acquisition of land 26,660,000 (17.77%)
IPO expenses 16,512,700 (11.01%)
Total 150,000,000 (100.00%)
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Subscription open
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23 Apr 2019
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Subscription close
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06 May 2019
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Subscription close for NRB
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23 Apr 2019
to 06 May 2019
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Offer price
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Tk. 10.0
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Face value per share
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Tk. 10.0
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Market lot
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500 units
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Single lot price
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Tk. 5000.0
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EPS
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Tk. 0.67 for the period ended on June 30, 2018
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NAV
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Tk. 10.48 as on June 30, 2018
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Public offer
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Major product
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The principal services of Sea Pearl Beach Resort and Spa Limited are:
? Rooms and Suites
? Food & Beverage
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Issue Manager
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Banco Finance and Investment Limited, Prime Bank Investment Ltd.
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Website
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http://www.seapearlbd.com/
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