Shares of Silverstorm Parks & Resorts are set to make their market debut on the BSE SME platform on Friday, with grey market trends indicating a cautious yet positive start. The company’s shares are currently trading at a 4% grey market premium (GMP), suggesting expectations of a listing above the issue price, though investors appear to be factoring in only moderate gains on debut.
The IPO, which was entirely a fresh issue of 62 lakh equity shares, raised Rs 82.43 crore from investors. The issue received a decent response, getting subscribed 1.84 times overall during the bidding period.
The Qualified Institutional Buyers (QIB) portion was subscribed 1.81 times, while the retail investor category received bids for 1.41 times the shares offered. The Non-Institutional Investor (NII) segment witnessed stronger demand, with subscription of 2.62 times.
The Silverstorm Parks & Resorts IPO opened for subscription on July 24, 2026, and closed on July 28, 2026. The company had fixed the issue price band at Rs 123 to Rs 133 per share.
Vivro Financial Services Pvt. Ltd. acted as the book running lead manager for the issue, while MUFG Intime India Pvt. Ltd. served as the registrar.
Ahead of the public issue, Silverstorm Parks & Resorts raised Rs 21.97 crore from anchor investors. The anchor bidding process took place on July 23, 2026, reflecting institutional participation ahead of the IPO launch.
How Silverstorm Parks & Resorts Plans to Use IPO Funds
The company intends to utilise the IPO proceeds primarily for business expansion, infrastructure development, debt reduction, and general corporate purposes. A significant portion of the funds will be allocated towards strengthening its entertainment and tourism infrastructure.
Silverstorm Parks & Resorts plans to invest Rs 26.12 crore towards capital expenditure for the development of the Lucknow Snow Park and Family Entertainment Centre (FEC). It will further deploy Rs 15.14 crore for the expansion and upgradation of its existing Athirappilly Theme Park in Kerala.
Additionally, the company will use Rs 24 crore towards the repayment and/or pre-payment of certain borrowings, helping improve its financial position. The remaining proceeds will be utilised for general corporate purposes.
About Silverstorm Parks & Resorts Ltd.
Incorporated in October 1998, Silverstorm Parks and Resorts Limited is an integrated amusement and tourism company operating theme parks, water parks, snow parks, and hospitality facilities across India.
The company’s flagship property, Silver Storm Theme Park at Athirappilly, Kerala, is spread across approximately 17.38 acres and combines an amusement park, water park, Kerala’s first indoor snow park, restaurants, and the Silver Storm Resort. The destination caters to families, tourists, students, corporate groups, and institutional visitors.
Apart from its Kerala operations, the company operates a snow park in Jamshedpur, Jharkhand, and is currently developing a new snow park and family entertainment centre in Lucknow, Uttar Pradesh.
Silverstorm earns revenue through multiple streams, including amusement and snow park ticket sales, food and beverage services, merchandise sales, resort bookings, and private and corporate events.
The company is also expanding its attractions portfolio with a proposed 1.2 km aerial cable car project at Athirappilly, expected to become a major tourism attraction in the region, along with plans to introduce additional amusement rides and water-based attractions.
Strong Financial Performance Ahead of Listing
Silverstorm Parks & Resorts reported robust financial growth in FY2025-26. The company’s total income increased 42% to Rs 44.85 crore, compared with Rs 31.64 crore in FY2024-25.
Profitability also improved significantly, with profit after tax (PAT) nearly doubling to Rs 19.10 crore, up 97% from Rs 9.71 crore recorded in the previous financial year.
With expanding tourism infrastructure, new entertainment projects, and improving financial performance, investors will closely track Silverstorm Parks & Resorts’ listing performance as it enters the SME market.
