SME

IPO ·

BSE SME

Silverstorm Parks & Resorts Ltd

Listed

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.

Issue details

Price band

₹123 – ₹133

Face value

₹10

Lot size

1,000 shares

Minimum investment

₹2,66,000

Issue size

₹82.43 Cr

Fresh issue

₹78.30 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

24 Jul 2026

Closes

28 Jul 2026

UPI mandate cut-off

5:00 PM on 28 Jul 2026

Allotment

29 Jul 2026

Refunds

30 Jul 2026

Shares in demat

30 Jul 2026

Listing

31 Jul 2026

Subscription and listing

Subscription

1.69x

Listing price

₹132.90

Registrar

MUFG Intime India Pvt Ltd

Lead manager

Vivro Financial Services

Subscription by category

Total

1.69x

Total applications

1,804

Anchor investors

Amount raised

₹21.97 Cr

Bid date

23 Jul 2026

50% lock-in ends

28 Aug 2026

Rest lock-in ends

27 Oct 2026

Listing day

Issue price

₹133

Open

₹132.90

High

₹133.00

Low

₹126.30

Day close

₹126.55

Listing gain at open

-0.08%

Issue structure

Shares reserved per category and share of the total issue

QIB

29,37,000

47.39%

Anchor Investor

16,52,000

26.65%

QIB (Ex. Anchor)

12,85,000

20.73%

NII

8,88,000

14.33%

bNII > ₹10L

5,91,000

9.54%

sNII < ₹10L

2,97,000

4.79%

Retail

20,62,000

33.27%

Market Maker

3,11,000

5.02%

Total

61,98,000

100.00%

Finaccle’s quick read

Apply

FY26 income up 42%, PAT up 97%, ROE 30.98%, D/E 0.89, post-issue P/E 15.8x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

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.

Founded

1998

1998

Promoters

Puthiyaveettil

Puthiyaveettil

Promoter holding

70.15% pre-issue; 50.98% post-issue

70.15% pre-issue; 50.98% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

44.85

44.85

29.36

19.10

19.10

72.84

65.07

65.07

214.09

FY25

FY25

31.64

31.64

16.56

9.71

9.71

50.47

29.95

29.95

151.60

FY24

FY24

19.11

19.11

6.52

0.97

0.97

23.26

28.36

28.36

112.02

ROE

30.98%

ROCE

25.22%

Debt / equity

0.89

PAT margin

42.59%

P/E post issue

15.8

Market cap

₹301.60 Cr

Use of IPO money

Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC

₹26.12 Cr

Funding capital expenditure in relation to the expansion and upgradation of the existing Athirappilly Theme Park, Kerala

₹15.14 Cr

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company

₹24.00 Cr

General Corporate Purposes

₹8.75 Cr

Issue Expenses

₹8.43 Cr

Strengths

✓

Revenue up 42% in FY26 to ₹44.85 Cr

✓

PAT up 97% in FY26 to ₹19.10 Cr

✓

PAT margin of 42.59%

✓

ROE of 30.98% and ROCE of 25.22%

✓

Moderate leverage: debt to equity 0.89

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.