Silverstorm Parks & Resorts Limited is an integrated leisure and entertainment company engaged in developing and operating amusement parks, water parks, indoor snow parks, resorts, and family entertainment destinations in India.
The company’s flagship Athirappilly Theme Park in Kerala spans 17.38 acres and features an amusement park, water park, indoor snow park, resort, restaurants, and 41 rides. The park has attracted over 16 lakh visitors in the last three financial years.
Under the Snow Storm brand, the company operates Kerala’s first indoor snow park and has expanded its presence with a snow park in Jamshedpur while developing a new Snow Park & Family Entertainment Centre (FEC) in Lucknow.
The company is developing an aerial cable car project near Athirappilly Waterfalls and continues to enhance its offerings by introducing new attractions and improving visitor experiences.
Silverstorm Parks & Resorts Ltd generates revenue from amusement parks, snow parks, resort accommodations, and food & beverage services through its integrated leisure and hospitality business model.
Silverstorm Parks & Resorts IPO – Details
| IPO Opening Date | 24 July 2026 |
| IPO Closing Date | 28 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 61,98,000 Shares Worth ₹82.43 Crore Fresh Issue: 61,98,000 Shares Worth ₹82.43 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹123 – ₹133 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Silverstorm Parks & Resorts IPO – Date Schedule
| IPO Open Date | 24 July 2026 |
| IPO Close Date | 28 July 2026 |
| Basis of Allotment | 29 July 2026 |
| Initiation of Refund | 30 July 2026 |
| Credit of Shares to Demat | 30 July 2026 |
| IPO Listing Date | 31 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 28, 2026 |
Silverstorm Parks & Resorts IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,66,000 |
| Retail (Max) | 2 | 2,000 | ₹2,66,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,99,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,31,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,64,000 |
Competitive Strength
- India’s first integrated fun destination offering amusement cum water park, snow park, cable car and resort at a strategic tourist location.
- Established track record with over two and a half decades of market presence and brand recognition.
- Strong institutional marketing and regional sales network.
- High safety and hygiene standards.
- Prudent capital allocation and consistent financial performance.
Company Promoters
- Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel
- Shalimar Antharathara Ibrahim
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹19.11 Cr | ₹16.75 Cr | ₹0.97 Cr | ₹28.36 Cr |
| 31 March 2025 | ₹31.64 Cr | ₹18.10 Cr | ₹9.71 Cr | ₹29.95 Cr |
| 31 March 2026 | ₹44.85 Cr | ₹18.25 Cr | ₹19.10 Cr | ₹65.07 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 30.98% |
| ROCE | 25.22% |
| Debt/Equity | 0.89 |
| RoNW | 30.98% |
| PAT Margin | 42.59% |
| EBITDA Margin | 67.37% |
| Price to Book Value | 3.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.59 | 8.42 |
| P/E (x) | 11.47 | 15.79 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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 Purpose. | – |
✅Strengths
- Integrated amusement park, water park, snow park, resort, and upcoming cable car at one destination.
- Prime location near Athirappilly Waterfalls with 16+ lakh visitors in the last three years.
- Kerala’s first indoor snow park and experienced promoters with 25+ years in the industry.
- Expansion through new snow parks in Jamshedpur and Lucknow.
⚠️Risks
- Revenue is affected by seasonality, weather, and tourist footfall.
- Ride accidents or equipment failures could impact operations and reputation.
- Expansion requires significant capital and timely regulatory approvals.
- Borrowings and contingent liabilities may impact financial performance.
Silverstorm Parks & Resorts IPO Promoter Holding
| Pre-Issue Share Holding | 70.15% |
| Post Issue Share Holding | 50.98% |
Silverstorm Parks & Resorts IPO Prospectus
Company Contact Information
| Silverstorm Parks & Resorts Limited Door No 1/77A, Vettilapara P O, Chalakudy, Thrissur, Kerala, 680721 Phone: 9188905079 Email: info@silverstorm.in Website: https://silverstorm.in/ |
Silverstorm Parks & Resorts IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: silverstormparks.smeipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Silverstorm Parks & Resorts IPO Lead Manager(s)
| 1. Vivro Financial Services Pvt. Ltd. |
Silverstorm Parks & Resorts IPO FAQ
| What is the Silverstorm Parks & Resorts IPO? Silverstorm Parks & Resorts IPO is an SME IPO. The issue is priced at ₹123 – ₹133 per equity share. The IPO is to be listed on BSE SME. |
| When will Silverstorm Parks & Resorts IPO open? The IPO is to open on 24 July 2026 for QIB, NII, and Retail Investors. |
| What is Silverstorm Parks & Resorts IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Silverstorm Parks & Resorts IPO Size? Silverstorm Parks & Resorts IPO size is ₹82.43 Crore. |
| What are the Silverstorm Parks & Resorts IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,66,000, while the maximum bid is 2000 Shares for ₹2,66,000. |
| What is the Silverstorm Parks & Resorts IPO Allotment Date? Silverstorm Parks & Resorts IPO allotment date is 29 July 2026. |
| What is the Silverstorm Parks & Resorts IPO Listing Date? Silverstorm Parks & Resorts IPO listing date is 31 July 2026. The IPO is to be listed on the BSE SME. |
