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₹133 - 133
Silverstorm Parks and Resorts Ltd
EntertainmentIPOSME
₹133 - 133
We are an ISO 9001:2015 certified integrated amusement destination with an amusement cum water park, a snow park, an integrated resort and an upcoming aerial cable car project near Athirappilly waterfalls in Thrissur, Kerala ("Athirappilly Theme Park"). We are one of the renowned and established players in the region and set to become the first amusement park in the region to offer a cable car for tourist. Spread across approximately 17.38 acres, our park integrates an amusement cum water park, a snow park, and resort facilities, offering a comprehensive entertainment destination for families, students, tourists, corporate groups, and institutional visitors. We also own and operate snow park at Jamshedpur, Jharkhand, with a total area of 5,183 square feet ("Jamshedpur Snow Park") and are setting up a new snow park and family entertainment center at Lucknow, Uttar Pradesh with total area of more than 11,000 square feet ("Lucknow Snow Park and FEC").
Lot1,000Min Invest₹2,66,000Face Value₹10Issue Size₹82 CrFresh Issue₹82 CrListing Price₹133CMP₹118
Timeline
24 Jul
Bidding opens
28 Jul
Bidding closes
29 Jul
Allotment
30 Jul
Refund & demat credit
31 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹82 Cr0.62 Cr shares
Fresh Issue₹82 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,66,0001-1 lots
sNII₹2,66,000from 2 lots
bNII₹10,64,000from 8 lots
Managers & Registrar
Lead ManagerVivro Financial Services Private Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group70.14%50.98%Public29.86%49.02%
Objects of the Issue
- Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC
- Funding capital expenditure in relation to the expansion and upgradation of the company existing Athirappilly Theme Park, Kerala
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by its Company
- General corporate purposes
Anchor Book
Bid Date23-Jul-2026Shares16,52,000Amount₹22 Cr30-day lock-in27-Aug-202690-day lock-in26-Oct-2026
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 19 | 31 | 44 |
| Operating ProfitCr | 7 | 17 | 29 |
| OPM% | 34.6 | 53.4 | 67.4 |
| PBTCr | 2 | 14 | 27 |
| PATCr | 1 | 10 | 19 |
| EPS | 1 | 7 | 13 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 14 | 14 | 16 |
| ReservesCr | 64 | 98 | 117 |
| BorrowingsCr | 28 | 30 | 65 |
| Total AssetsCr | 112 | 152 | 214 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 5 | 6 | 25 |
| Investing Cash FlowCr | -10 | -24 | -63 |
| Financing Cash FlowCr | 2 | 18 | 37 |
| Net Cash FlowCr | -3 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
- Experienced promoters and dedicated senior management team with industry knowledge
- Strong institutional marketing and regional sales network
- High safety and hygiene standards.
- Prudent capital allocation and consistent financial performance.
Strategies · as stated in the DRHP
- Expansion and upgradation of the existing attraction to enhance visitor experience and drive repeat footfalls.
- Expand our business operations to new geographies through establishing snow parks and family entertainment concepts.
- Capitalizing on emerging opportunities in the Indian amusement and tourism industry.
- Maximize revenue realization through ticketing and non-ticket monetization
- Improving financial position through deleveraging our financial position.
Risks · as stated in the DRHP
- The company has not entered into annual maintenance contracts for the machinery, building, and other equipment used, except the Diesel Generator set used in its Athirappilly Theme Park and Athirappilly Snow Storm. Although the company has a comprehensive in-house team for maintenance and management of its amusement park and snow parks, any unexpected accident, malfunction or mechanical breakdown of machinery at the company amusement park and snow parks could disrupt operations, result in increased maintenance or replacement costs, and adversely affect its business, financial condition, and results of operations.
- The company business is subject to seasonal and cyclical variations in Footfalls at its Athirappilly Theme Park and may be affected by weather conditions, school vacations, public holidays and weekends and may has a disproportionate effect on its results of operations.
- Its operations entail certain fixed and recurring expenses, and the company inability to manage expenses may has an adverse effect on its business, results of operations, financial condition, and cash flows.
- The company has a large number of personnel deployed across its amusement cum water theme park and snow park; consequently, Its may be exposed to service-related claims and losses or employee disruptions that could has an adverse effect on its reputation, business, results of operations, financial condition, and cash flows.
- The Company has filed certain legal proceedings against the State of Kerala, Union of India and certain social media platforms, including YouTube and Google. If no relief is granted to the Company in any of these legal proceedings, it may has a material adverse impact on its business operations, financial condition, and reputation.
- The company business is partly dependent on factors beyond its control, including levels of discretionary consumer spending, changes in Footfall patterns, and general economic conditions. Any adverse shifts in these factors could lead to a decline in Footfall and has a material negative impact on its business operations and financial results.