Silver Storm IPO: INR 82.43 Cr Fundraise for Expansion

Silver Storm Parks & Resorts Limited launched its Initial Public Offering on July 24, 2026, targeting INR 82.43 crore. The IPO involves a fresh issue of 61.98 lakh shares, with a price band set between INR 123 and INR 133 per equity share.

The proceeds from this offering are earmarked for strategic expansion and modernization. Plans include a new Indoor Snow Park and Family Entertainment Centre at Omaxe Hazratganj Mall in Lucknow. Funds will also upgrade the flagship Athirappilly, Kerala, destination and cover general corporate needs.

Key IPO Details

• IPO Value: INR 82.43 crore
• Shares Offered: 61.98 lakh
• Price Band: INR 123-133 per share
• Face Value: INR 10
• Subscription Close: July 28, 2026
• BSE SME Listing: July 31, 2026

Company Footprint

Silver Storm Parks & Resorts has operated for over two-and-a-half decades, establishing Athirappilly as a key Kerala tourism spot. The company manages ‘Silver Storm’ and ‘Snow Storm’ brands, with facilities in Athirappilly and Jamshedpur, Jharkhand.

• Brands: ‘Silver Storm’ and ‘Snow Storm’
• Current Locations: Athirappilly, Kerala; Jamshedpur, Jharkhand (Indoor Snow Park opened October 2025)
• Athirappilly Offerings: Amusement park, water park, indoor snow park, resort, food and beverage outlets
• Future Athirappilly Plans: Cable Car, Forest Village (Onam expansion)

Financial Performance

For fiscal year 2025-26, Silver Storm Parks & Resorts reported significant financial growth. Revenue increased to INR 44.85 crore from INR 31.64 crore in the previous year. Net profit nearly doubled, reaching INR 19.10 crore compared to INR 9.71 crore in FY2024-25.

Chairman Abdul Jaleel and Managing Director A.I. Shalimar announced the IPO in Thrissur. Vivro Financial Services Private Limited is the Book Running Lead Manager, with MUFG Intime India Private Limited acting as Registrar.