Silverstorm Parks & Resorts IPO
smelistedAbout the company
Silver Storm Parks and Resorts was incorporated in 2000 and is involved in developing and operating amusement parks, water parks, snow parks, resorts, restaurants and family entertainment centres (FECs). The company operates through its subsidiaries, Snow Storm Parks Private Limited and Silver Storm Parks Private Limited. Its operations include an amusement cum water park, snow park, resort, restaurants and an aerial cable car project under development at Athirappilly, Kerala, a snow park at Jamshedpur, Jharkhand, and a snow park and family entertainment centre (FEC) under development at Lucknow, Uttar Pradesh. The company introduced Kerala's first indoor snow park, "Snow Storm," in 2017, spread across approximately 10,000 sq. ft. and maintained at -10°C. Its flagship facility at Athirappilly spans 17.38 acres and comprises 41 thrill rides, 3 restaurants and an eight-room resort as of March 31, 2026. The company also operates a 5,183 sq. ft. snow park in Jamshedpur and is developing a snow park and FEC spanning over 11,000 sq. ft. in Lucknow. In addition, it is constructing a 1.2 km aerial ropeway cable car project near Athirappilly waterfalls, which is expected to commence operations in the Q2FY27, making it the first amusement park in the region to offer a cable car. The Athirappilly park recorded over 16.09 lakh visitors in the last three fiscal years, with annual footfalls of 6.71 lakh, 5.14 lakh and 4.24 lakh in FY26, FY25 and FY24, respectively. Ticket sales contributed 71.95% of revenue from operations in FY26, while food & beverage, merchandise, resort bookings and events together accounted for 28.05%. The company had 375 permanent employees as of March 31, 2026.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 28 Jul | ₹0 | ₹133 | 0 |
| 27 Jul | ₹0 | ₹133 | 0 |
| 26 Jul | ₹0 | ₹133 | 0 |
| 25 Jul | ₹0 | ₹133 | 0 |
| 24 Jul | ₹0 | ₹133 | 0 |
| 23 Jul | ₹0 | ₹133 | 0 |
| 22 Jul | ₹0 | ₹133 | 0 |
| 21 Jul | ₹0 | ₹133 | 0 |
Strengths
- Operates an integrated portfolio of amusement parks, water parks, snow parks, resorts, and family entertainment centers , providing multiple revenue streams.
- Established brand with a strong presence in Kerala and expansion plans into new markets, including Lucknow , supporting future growth.
- Reported healthy profitability with strong EBITDA and PAT margins , reflecting efficient operations.
- Revenue is supported by tourism, leisure, hospitality, food & beverage, and event-related businesses, reducing reliance on a single source.
- Experienced promoters and management with a long operating track record in the amusement and hospitality industry.
- Expansion funded through the IPO could strengthen its footprint and improve long-term earnings potential.
Risks
- Business is highly dependent on tourism, visitor footfall, and discretionary consumer spending , making revenue sensitive to economic slowdowns.
- Operations are exposed to seasonality, adverse weather, and natural calamities , which can impact park attendance and earnings.
- Expansion projects involve execution and cost-overrun risks, which could affect future profitability if delayed.
- The company operates in a capital-intensive industry requiring continuous investment in rides, attractions, maintenance, and safety infrastructure.
- Intense competition from other amusement parks, resorts, and entertainment destinations could affect market share and pricing.
- Any accident, safety incident, or regulatory non-compliance could adversely affect the company's reputation and operations.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed24 Jul 2026Bidding starts for all investor categories
IPO Closes
Completed28 Jul 2026Last day to place your bid
Basis of Allotment
Completed29 Jul 2026Share allotment finalised
Refund Initiation
Completed30 Jul 2026Refunds credited for non-allottees
Credit to Demat
Completed30 Jul 2026Allotted shares credited to demat account
Listing on Exchange
Completed31 Jul 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹133,000 | 1 | ₹133,000 | 1 lot only |
| HNI | 2 | 2000 | ₹266,000 | 2 | ₹266,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 3,203,125 | 41 | 0 | 0.00x | 100% |
| NII | 15% | 960,938 | 12.3 | 1,585,548 | 1.65x | 60.6% |
| Retail | 35% | 2,242,188 | 28.7 | 1,121,094 | 0.50x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
