Silverstorm Parks and Resorts IPO to Open on July 24 Silverstorm Parks and Resorts, a Kerala-based company specializing in amusement parks, water parks, and snow parks, is set to launch its initial public offering (IPO) on July 24, 2026. The IPO, which will exclusively consist of a fresh issue of 61.98 lakh shares, aims to raise Rs 82.43 crore. The price band for the shares has been set between Rs 123 and Rs 133 per share, valuing the company at Rs 301.6 crore. The IPO will close on July 28, with an anchor book launch scheduled for July 23. The offering is divided among three investor categories: 50% for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors. This allocation reflects the company’s strategy to balance institutional and retail participation while ensuring broader market access. The IPO is part of a wave of SME company offerings in July 2026, joining Gulf Lloyds India, Metalic Technoforge, and Shree Balaji (Mala) Textiles as the fourth such public issue in the week. Silverstorm Parks and Resorts operates a range of attractions, including an amusement cum water park near Athirappilly waterfalls in Thrissur, Kerala, and a snow park in Jamshedpur, Jharkhand. The company is also developing a new snow park and family entertainment center (FEC) in Lucknow, Uttar Pradesh. A significant portion of the IPO proceeds—Rs 26.11 crore—will be allocated to the Lucknow Snow Park and FEC project. Additional funds will be used for expanding and upgrading the Athirappilly Theme Park, repaying debt, and general corporate purposes. The company’s financial performance in fiscal 2026 has been robust. Profit surged by 96.7% to Rs 19.1 crore, compared to Rs 9.71 crore in the previous fiscal year. Revenue also grew by 40.6% to Rs 43.#kerala #lucknow #jamshedpur #silverstorm_parks_and_resorts #athirappilly_waterfalls
