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
Jharkhand Weather: Jamshedpur Experiences Sudden Monsoon Rain, IMD Issues Yellow Alert The weather in Jamshedpur underwent a sudden shift on Saturday, with heavy rainfall and strong winds providing relief from the intense heat. The temperature dropped significantly, with the maximum recorded at 33.8°C and the minimum at 21.0°C. The India Meteorological Department (IMD) has issued a yellow alert, predicting continued rain and thunderstorms throughout the day. The sudden change in weather has brought much-needed relief to the city, which had been experiencing a prolonged heatwave. Residents who had been relying on coolers and air conditioners to cope with the sweltering temperatures now enjoy a more comfortable climate. The IMD forecasts similar conditions on Sunday, with light to moderate rainfall accompanied by gusty winds. Meteorological scientists advise caution, urging people to avoid open areas and under trees during the storm. According to Dr. Abhishek Anand, a weather expert, the weather pattern is expected to stabilize after March 23, followed by a rapid rise in temperatures. Over the next four to five days, the heat is likely to return, potentially leading to a resurgence of uncomfortable conditions. The fluctuating weather has also impacted public health, with an increase in cases of colds, coughs, and allergies reported in the city. Doctors emphasize the importance of vigilance, particularly for children and the elderly, to mitigate the effects of the changing climate. While the current weather provides temporary relief, residents are advised to prepare for the return of intense heat in the coming days. The IMD’s yellow alert serves as a reminder to stay updated and take necessary precautions to ensure safety during the unpredictable weather conditions.#india_meteorological_department #monsoon_rain #jharkhand_weather #jamshedpur #dr_abhishek_anand
