IPO Structure and Issue Details
Silverstorm Parks and Resorts Limited, an integrated amusement destination operator, has filed its Draft Red Herring Prospectus with BSE SME as part of its initial public offering process.The proposed IPO comprises up to 62,00,000 equity shares with a face value of ₹10 per share.
Utilisation of IPO Proceeds
According to the filing, the company plans to deploy the IPO proceeds towards multiple objectives. These include funding capital expenditure for setting up a Lucknow Snow Park and Family Entertainment Centre, expansion and upgradation of its existing theme park facilities, repayment of certain borrowings, and general corporate purposes.Financial Performance in FY25
For the financial year ended March 31, 2025, the company reported a consolidated revenue of ₹3,100.12 lakh. During the same period, EBITDA stood at ₹1,655.89 lakh, while profit after tax was recorded at ₹971.07 lakh.Half-Year Performance Till September 2025
In the six-month period ended September 2025, Silverstorm Parks and Resorts posted a consolidated revenue of ₹1,311.63 lakh. EBITDA for the period came in at ₹715.50 lakh, with profit after tax at ₹415.38 lakh.Expansion-Focused Growth Plan
The proposed IPO marks a key step in the company’s growth strategy, with a clear focus on expanding its entertainment footprint and strengthening existing assets while addressing its balance sheet requirements.Source:
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