{"id":28815,"date":"2026-07-20T18:25:06","date_gmt":"2026-07-20T12:55:06","guid":{"rendered":"https:\/\/wowentrepreneurs.in\/index.php\/2026\/07\/20\/silverstorm-parks-and-resorts-limited-ipo-opens-on-july-24-2026\/"},"modified":"2026-07-20T18:25:06","modified_gmt":"2026-07-20T12:55:06","slug":"silverstorm-parks-and-resorts-limited-ipo-opens-on-july-24-2026","status":"publish","type":"post","link":"https:\/\/wowentrepreneurs.in\/index.php\/2026\/07\/20\/silverstorm-parks-and-resorts-limited-ipo-opens-on-july-24-2026\/","title":{"rendered":"Silverstorm Parks and Resorts Limited IPO Opens on July 24, 2026"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], July 20:<\/strong> <em><strong>Silverstorm Parks and Resorts Limited<\/strong><\/em>, an integrated amusement destination, proposes to open its <strong>Initial Public Offering (IPO)<\/strong> on <strong>July 24, 2026<\/strong>, aiming to raise <strong>\u20b9 82.43 Crores (at upper price band)<\/strong> with shares to be listed on the <strong>BSE SME<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The issue size is <strong>61,98,000 fresh equity shares<\/strong> with a face value of <strong>\u20b9 10 each<\/strong> with a <strong>price band of \u20b9 123 \u2013 \u20b9 133 per share<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Equity Share Allocation<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Anchor Portion<\/strong> \u2013 Not More than <strong>17,61,000 Equity Shares<\/strong><\/li>\n<li><strong>Qualified Institutional Buyer (excluding anchor)<\/strong> \u2013 Not More than <strong>11,76,000 Equity Shares<\/strong><\/li>\n<li><strong>Non-Institutional Investors<\/strong> \u2013 Not Less than <strong>8,88,000 Equity Shares<\/strong><\/li>\n<li><strong>Individual Investors<\/strong> \u2013 Not Less than <strong>20,62,000 Equity Shares<\/strong><\/li>\n<li><strong>Market Maker<\/strong> \u2013 <strong>3,11,000 Equity Shares<\/strong><\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The net proceeds from the IPO will be utilized for <strong>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 existing Athirappilly Theme Park, Kerala, Repayment and\/or pre-payment, in full or part, of certain borrowings, and general corporate purposes.<\/strong><\/p>\n<p class=\"wp-block-paragraph\">The <strong>anchor bidding<\/strong> is on <strong>Thursday, July 23, 2026<\/strong>. The <strong>Issue<\/strong> will open on <strong>Friday, July 24, 2026<\/strong>, close on <strong>Tuesday, July 28, 2026<\/strong>, and the shares will get listed on <strong>Friday, July 31, 2026<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The <strong>Book Running Lead Manager<\/strong> to the Issue is <em><strong>Vivro Financial Services Private Limited<\/strong><\/em>, &amp; <em><strong>MUFG Intime India Private Limited<\/strong><\/em> is <strong>Registrar to the Issue<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Shalimar A. I., Managing Director of Silverstorm Parks and Resorts Limited,<\/strong> said,<\/p>\n<p class=\"wp-block-paragraph\"><em>\u201cOver more than two and a half decades, we have developed our integrated leisure and entertainment destination at Athirappilly and expanded our operations to Jamshedpur. Every milestone in Silverstorm\u2019s journey has been driven by the trust of our visitors and the dedication of our team. As we embark on our IPO journey, we are not just raising capital, we are laying the foundation for our next chapter of growth. The proceeds from the issue will help us expand our footprint, introduce new attractions, enhance our existing destinations, and create pleasant experiences for our guests.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Roshan Vaishnav, Director of Vivro Financial Services Private Limited,<\/strong> said,<\/p>\n<p class=\"wp-block-paragraph\"><em>\u201cSilverstorm Parks and Resorts Limited has demonstrated a consistent commitment to operational excellence and sustainable growth. The proposed IPO is a significant milestone that will support the company\u2019s expansion initiatives and strengthen its market position. We are delighted to be associated with Silverstorm on this transformative journey.\u201d<\/em><\/p>\n<h3 class=\"wp-block-heading\"><strong>About Silverstorm Parks and Resorts Limited:<\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><em><strong>Silverstorm Parks And Resorts Limited<\/strong><\/em>, together with its subsidiaries, operates an integrated leisure and entertainment destination under the <strong>\u201cSilver Storm\u201d<\/strong> and <strong>\u201cSnow Storm\u201d<\/strong> brands at <strong>Athirappilly<\/strong> and <strong>Jamshedpur<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The company\u2019s flagship facility is situated near the <strong>Athirappilly waterfalls<\/strong>, a tourism corridor that attracts domestic travelers, institutional groups (educational and corporate), and family visitors. The park comprises an <strong>amusement cum water park, indoor snow park, resort, and food &amp; beverage outlets<\/strong>, designed to offer a <strong>multi-experience visitor format<\/strong> within a single location.<\/p>\n<p class=\"wp-block-paragraph\">The Company also operates an approximately <strong>5,183 sq. ft. indoor snow park in Jamshedpur<\/strong>, which commenced operations in <strong>October 2025<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">A <strong>ropeway attraction<\/strong> is under development at <strong>Athirappilly<\/strong>, and the Company proposes to establish an <strong>indoor snow park and family entertainment centre<\/strong> at <strong>Omaxe Hazratganj Mall, Lucknow<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">In <strong>fiscal 2026, 2025, and 2024<\/strong>, the Company on a consolidated basis achieved:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Total Income:<\/strong> <strong>\u20b9 4,485.11 lakhs<\/strong>, <strong>\u20b9 3,164.04 lakhs<\/strong> and <strong>\u20b9 1,910.70 lakhs<\/strong>, respectively.<\/li>\n<li><strong>EBITDA:<\/strong> <strong>\u20b9 2,936.00 lakhs<\/strong>, <strong>\u20b9 1,655.89 lakhs<\/strong>, and <strong>\u20b9 652.40 lakhs<\/strong>, respectively.<\/li>\n<li><strong>PAT:<\/strong> <strong>\u20b9 1,910.27 lakhs<\/strong>, <strong>\u20b9 971.07 lakhs<\/strong>, and <strong>\u20b9 96.62 lakhs<\/strong>, respectively.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 20: Silverstorm Parks and Resorts Limited, an integrated amusement destination, proposes to open its Initial Public&hellip;<\/p>\n","protected":false},"author":1,"featured_media":28816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[13],"class_list":["post-28815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/28815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=28815"}],"version-history":[{"count":0,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/28815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/28816"}],"wp:attachment":[{"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=28815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=28815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wowentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=28815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}