Silverstorm Parks & Resorts Gears Up for IPO: Amusement Giant Aims Rs 82 Crore Raise Amid Strong Financial Surge

Silverstorm Parks & Resorts Gears Up for IPO: Amusement Giant Aims Rs 82 Crore Raise Amid Strong Financial Surge​

Kerala-based Silverstorm Parks and Resorts is set to tap the capital markets next week with its maiden Initial Public Offering (IPO). The company has launched an offering seeking Rs 82.43 crore, marking a significant fundraising effort for the amusement and resort chain. This SME public issue will open on July 24 and close on July 28.

The IPO is part of a sequence, following Gulf Lloyds India, Metalic Technoforge, and Shree Balaji (Mala) Textiles in securing capital markets attention during this period. The offering consists entirely of fresh shares totaling 61.98 lakh equity stakes, without any offer-for-sale component.

IPO Details and Allocation Structure​

The price band for the Silverstorm Parks and Resorts IPO has been set robustly at Rs 123 to Rs 133 per share. This valuation places the company's size in the market at Rs 301.6 crore. The offering is structured with specific allocations designed to meet various investor needs.

Of the shares being offered, Qualified Institutional Buyers (QIBs) have been allocated half of the net issue. Retail investors are entitled to a 35 percent allocation, while Non-Institutional Investors receive 15 percent. Vivro Financial Services has been appointed as the book running lead manager for this offering.

Business Scope and Geographical Expansion Plans​

Silverstorm operates multiple integrated recreational facilities across India. The company manages an amusement cum water park and a snow park situated in Jamshedpur, Jharkhand. A major focus is on its operations near Athirappilly waterfalls in Thrissur, Kerala.

The business strategy includes significant expansion plans. Silverstorm is currently setting up a new snow park and family entertainment center (FEC) in Lucknow, Uttar Pradesh. The use of proceeds specifically earmarks Rs 26.11 crore for this upcoming Lucknow venture.

Utilization of Proceeds and Strategic Investments​

The financial structure of the IPO also details how the raised funds will be utilized strategically across various operational aspects. A commitment of Rs 15.1 crore is designated for expanding and upgrading the existing Athirappilly Theme Park facilities. The company has also allocated Rs 24 crore towards debt repayment, strengthening its balance sheet.

The remaining portion of the net IPO proceeds is reserved for general corporate purposes, ensuring sustainable growth management across the organization. These investments underscore a commitment to both operational enhancement and fiscal responsibility.

Financial Performance Highlights Show Rapid Growth​

Silverstorm Parks and Resorts demonstrated strong financial momentum in recent fiscal years. Profit in the year ending March 2026 soared by 96.7 percent, reaching Rs 19.1 crore compared to Rs 9.71 crore in the prior year. Revenue also exhibited robust growth, surging 40.6 percent to reach Rs 43.6 crore from the previous year's Rs 31 crore.

The operational efficiency saw marked improvements in profitability margins. EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) increased sharply by 77.3 percent to Rs 29.4 crore, up from Rs 16.6 crore in the previous fiscal period. Furthermore, the operating margin expanded significantly, improving from 53.41 percent to a commanding 67.37 percent.

Total footfalls at the conclusion of fiscal 2026 stood at 6.71 lakh, showing a significant increase from 5.14 lakh footfalls recorded in the previous year. Equity shares are scheduled to list on the BSE SME platform on July 31.