Silverstorm Parks & Resorts
- Issue price
- ₹ 133
- Issue size
- ₹ 82.44 Cr.
- Min. investment
- ₹ 1,33,000
- Listing price
- ₹ 132.9
- Subscribed
- 1.84x
- Lot size
- 1,000 shares
- P/E
- 15.8
- RoNW
- 30.98%
- RoCE
- 25.22%
- PAT margin
- 42.59%
- EPS
- ₹ 8.42
- Promoter stake
- 50.98%
About
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.
Timeline
- doneOpens24 Jul
- doneCloses28 Jul
- doneAllotment29 Jul
- doneListing31 Jul
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 5 on 30 Jul 2026
- Lowest
- ₹ 0 on 19 Jul 2026
- First quoted
- ₹ 0 on 19 Jul 2026
Subscription
How many times each investor group bid for its share, as of 08 Aug 2026, 03:10 PM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 1,000 | ₹ 1,33,000 |
| Retail (Max) | 1 | 1,000 | ₹ 1,33,000 |
| HNI (Min) | 2 | 2,000 | ₹ 2,66,000 |
Company overview
Financials
| Assets | 214.09 | 151.6 | 112.02 |
| Total Income | 44.85 | 31.64 | 19.11 |
| Profit After Tax | 19.1 | 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 |
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.
Risks
- Capital-intensive expansion (Lucknow snow park, Athirappilly upgrades, cable car) carries execution and utilisation risk.
- Rising debt (₹28 cr to ₹65 cr over three years) increases financial leverage.
- Footfall and revenue are seasonal and sensitive to weather, tourism trends and discretionary spending.
- Geographic concentration around the flagship Kerala park.
- SME listing — lower liquidity and higher volatility.
What the money is for
| 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 |
| General Corporate Purposes | — |
Promoters
- Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel
- Shalimar Antharathara Ibrahim
Registrar, lead managers and documents
- Listing on
- BSE SME
- Face value
- ₹ 10 a share
- Registrar
- MUFG Intime India Private Limited
- Lead managers
- Vivro Financial Services Private Limited
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.