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IPO Open

Fri, Jul 24, 2026

IPO Close

Tue, Jul 28, 2026

Price Band

₹123 to ₹133

Market Cap (Pre-IPO)

₹301.60 Cr

IPO Details

  • IPO Date
    24 to 28 Jul, 2026
  • Listing Date
    Fri, Jul 31, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹123 to ₹133
  • Lot Size
    1,000 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE NSE
  • Total Issue Size
    61,98,000 shares (agg. up to ₹82 Cr)
  • Reserved for Market Maker
    3,11,000 shares (agg. up to ₹4 Cr) Rikhav Securities Ltd.
  • Fresh Issue (Ex Market Maker)
    58,87,000 shares (agg. up to ₹78 Cr)
  • Net Offered to Public
    58,87,000 shares (agg. up to ₹78 Cr)
  • Share Holding Pre Issue
    1,64,78,736 shares
  • Share Holding Post Issue
    2,26,76,736 shares

IPO Timetable (Tentative)

  • IPO Open
    Fri, Jul 24, 2026
  • Allotment
    Wed, Jul 29, 2026
  • Credit of Shares
    Thu, Jul 30, 2026
  • IPO Close
    Tue, Jul 28, 2026
  • Refund
    Thu, Jul 30, 2026
  • Listing
    Fri, Jul 31, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII Shares Offered Not less than 15% of the Net Issue

IPO Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,000 ₹2,66,000
Individual investors (IND) (Max) 2 2,000 ₹2,66,000
S-HNI (Min) 3 3,000 ₹3,99,000
S-HNI (Max) 7 7,000 ₹9,31,000
B-HNI (Min) 8 8,000 ₹10,64,000

IPO Subscription Details

About Silverstorm Parks & Resorts Ltd.

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.

Company Financials (Restated Consolidated)

Silverstorm Parks & Resorts Ltd.’s revenue increased by 42% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 214.09 151.60 112.02
Total Income 44.85 31.64 19.11
Profit After Tax 19.10 9.71 0.97
EBITDA 29.36 16.56 6.52
NET Worth 72.84 50.47 23.26
Reserves and Surplus 116.91 97.74 63.93
Total Borrowing 65.07 29.95 28.36

Recently Listed IPOs in Hotels & Resorts

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Suba Hotels Ltd. SME ₹75.  47 Cr ₹111 12.78 ₹161.90 +45.86% ₹110.15 (+0.14%)
Brigade Hotel Ventures Ltd. Mainboard ₹759.60 Cr ₹90 112.38 ₹85.32 -5.20% ₹61.49 (-2.10%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC
    26.12
  • 2 Funding capital expenditure in relation to the expansion and upgradation of the existing Athirappilly Theme Park, Kerala
    15.14
  • 3 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
    24.00
  • 4 General Corporate Purposes
  • Total
    65.25

Key Performance Indicator (KPI)

KPI 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
Check IPO Peer Comparison here.
Pre IPO Post IPO
EPS (₹) 11.59 8.42
P/E (x) 11.47 15.79
Promoter Holding 70.15% 50.98%
Market Cap ₹301.60 Cr.
Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel, Shalimar Antharathara Ibrahim
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • 022-49186000
  • silverstormparks.smeipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

  1. Vivro Financial Services Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Silverstorm Parks & Resorts Ltd. Address
Door No 1/77A
Vettilapara P O,
Chalakudy
Thrissur, Kerala, 680721

IPO FAQs

Silverstorm Parks & Resorts IPO is a SME IPO of 61,98,000 equity shares of the face value of ₹10 aggregating up to ₹82 Crores. The issue is priced at ₹123 to ₹133. The minimum order quantity is 1000.

The IPO opens on Fri, Jul 24, 2026, and closes on Tue, Jul 28, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Silverstorm Parks & Resorts IPO using UPI as a payment gateway. Angel One customers can apply in Silverstorm Parks & Resorts IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Silverstorm Parks & Resorts IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Silverstorm Parks & Resorts IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Silverstorm Parks & Resorts IPO opens on Fri, Jul 24, 2026 and closes on Tue, Jul 28, 2026.

Silverstorm Parks & Resorts IPO lot size is 1000, and the minimum amount required for application is ₹2,66,000, with 2 lots being the minimum application size.

You can apply in Silverstorm Parks & Resorts IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Silverstorm Parks & Resorts IPO will be done on Wednesday, July 29, 2026, and the allotted shares will be credited to your demat account by Thu, Jul 30, 2026. Check the Silverstorm Parks & Resorts IPO allotment status.

The Silverstorm Parks & Resorts IPO listing date is not yet announced. The tentative date of listing is Fri, Jul 31, 2026.

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