Silverstorm Parks & Resorts Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.81x | 1,285,000 | 2,332,000 | ₹17 Cr |
| NII (HNI) | 3.19x | 888,000 | 2,830,000 | ₹12 Cr |
| Retail | 1.41x | 2,062,000 | 2,912,000 | ₹27 Cr |
| Market Maker | — | 311,000 | — | ₹4 Cr |
| Σ Total | 1.91x | 4,235,000 | 8,074,000 | ₹56 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹133,000 |
| Retail (Max) | 13 | 13,000 | ₹1,729,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,862,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,911,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 45 | 32 | 19 |
| EBITDA | 29 | 17 | 7 |
| Profit After Tax | 19 | 10 | 1 |
| Net Worth | 73 | 50 | 23 |
| Total Assets | 214 | 152 | 112 |
| Reserves & Surplus | 117 | 98 | 64 |
| Total Borrowing | 65 | 30 | 28 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC – 26.12
- Funding capital expenditure in relation to the expansion and upgradation of the existing Athirappilly Theme Park, Kerala – 15.14
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company – 24.00
- General Corporate Purposes –
Company Overview
Incorporated in October 1998, Silverstorm Parks and Resorts Limited is an integrated amusement and tourism company operating amusement parks, water parks, snow parks, and hospitality services in India. The company's flagship destination, Silver Storm Theme Park at Athirappilly, Kerala, spans approximately 17.38 acres and features an amusement cum water park, Kerala's first indoor snow park, multiple restaurants, and the Silver Storm Resort, offering a comprehensive entertainment experience for families, tourists, students, corporate groups, and institutional visitors. The company also operates a snow park in Jamshedpur, Jharkhand, and is developing a new snow park and family entertainment centre in Lucknow, Uttar Pradesh.
The company generates revenue through amusement and snow park ticket sales, food and beverage services, merchandise, resort bookings, and private and corporate events. It is further expanding its offerings with a 1.2 km aerial cable car project at Athirappilly, expected to become the region's first amusement park cable car attraction, along with the addition of new amusement rides and water attractions.
Led by experienced promoters with over 25 years of industry expertise, Silverstorm Parks and Resorts focuses on delivering safe, high-quality entertainment experiences while expanding its integrated tourism and leisure infrastructure.
As of March 31, 2026, the company employed 375 permanent personnel across operations, marketing, hospitality, administration, and support functions.
Strengths
- Integrated entertainment destination comprising an amusement park, water park, snow park, resort, and upcoming cable car.
- Established brand with over two decades of experience in the amusement and tourism industry.
- Diversified revenue streams from ticketing, hospitality, food & beverages, merchandise, and events.
- Strong institutional marketing network supported by experienced promoters and management.
- Focus on safety, operational excellence, and continuous expansion of attractions.