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Silverstorm Parks & Resorts SME IPO

Silverstorm Parks & Resorts IPO — date, price band, lot size & details 2026

Silverstorm Parks & Resorts listed on 31 Jul 2026 at ₹132.9, 0.1% below the ₹133 issue price.

Everything you need to know about the Silverstorm Parks & Resorts IPO. Track the latest updates, GMP trends, and subscription status.

Stock price

Silverstorm Parks & Resorts is listed — here is the live share price.

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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 23 October.

Key dates Listed
  1. Open 24 Jul 2026
  2. Close 28 Jul 2026
  3. Allotment 29 Jul 2026
  4. Refund/credit TBA
  5. Listing 31 Jul 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 24 to 28 Jul, 2026
Price Band ₹123 – ₹133
Face Value ₹10
Lot Size 1000 Shares
Issue Size ₹82.44 Cr
Sale Type Fresh capital only
Listing On BSE SME
Registrar MUFG Intime India Private Limited
Min Investment ₹ 2,66,000
Reservation
QIB 49.89%
NII 15.08%
Retail 35.03%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 1000 shares at the ₹133 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹5
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 2,000 ₹2,66,000
Retail (max) 2 2,000 ₹2,66,000
HNI (min) 3 3,000 ₹3,99,000

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Integrated entertainment destination comprising an amusement park, water park, snow park, resort, and upcoming cable car.
  • 02Established brand with over two decades of experience in the amusement and tourism industry.
  • 03Diversified revenue streams from ticketing, hospitality, food & beverages, merchandise, and events.
  • 04Strong institutional marketing network supported by experienced promoters and management.
  • 05Focus on safety, operational excellence, and continuous expansion of attractions.

Risks · 5

  • 01Capital-intensive expansion (Lucknow snow park, Athirappilly upgrades, cable car) carries execution and utilisation risk.
  • 02Rising debt (₹28 cr to ₹65 cr over three years) increases financial leverage.
  • 03Footfall and revenue are seasonal and sensitive to weather, tourism trends and discretionary spending.
  • 04Geographic concentration around the flagship Kerala park.
  • 05SME listing — lower liquidity and higher volatility.

Three years of numbers

All figures in ₹ crore, as reported in the Silverstorm Parks & Resorts offer document.

Total income
44.85
19
32
45
31 Mar 202431 Mar 202531 Mar 2026
Profit after tax
19.10
1
10
19
31 Mar 202431 Mar 202531 Mar 2026
EBITDA
29.36
7
17
29
31 Mar 202431 Mar 202531 Mar 2026
Borrowing vs net worth
65.07 / 72.84
31 Mar 202431 Mar 202531 Mar 2026
Borrowing Net worth
Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 214.09 151.60 112.02
Total Income 44.85 31.64 19.11
Profit After Tax 19.10 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

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Silverstorm Parks & Resorts RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
15.8
EPS (₹)
8.42
RoCE
25.22%
RoNW
30.98%
PAT Margin
42.59%

Silverstorm Parks & Resorts IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹8.42
P/E Ratio (x) 15.80
Market Cap at Offer Price (₹ Cr) ₹301.70

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹133 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹65.26 Cr of the issue is earmarked to named objects.

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 Not stated

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. 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.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel, Shalimar Antharathara Ibrahim
Promoter holding
70.15% → 50.98%
Pre-issue → post-issue
Registered office
Door No 1/77A, Vettilapara P O, Chalakudy, Thrissur, Kerala, 680721
9188905079

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Vivro Financial Services Private Limited View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

2 of their issues have listed so far, and 1 opened above the issue price (average +45%). That is too small a sample to read as a hit rate.

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Silverstorm Parks & Resorts
Email

Frequently asked

What is the GMP of Silverstorm Parks & Resorts?

The current Grey Market Premium is ₹5, or 3.8% over the issue price.

What is the Silverstorm Parks & Resorts IPO price band?

₹123 to ₹133, on a face value of ₹10.

When is the allotment?

The basis of allotment is 29 July 2026, with listing on 31 July 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.

Silverstorm Parks & Resorts IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹5
Subscribed
1.84×
Min bid
₹2,66,000
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