Silver Storm IPO Opens: Aims to Raise ₹82.43 Crore
By Business Desk
Silver Storm Parks & Resorts launches its IPO on July 24, 2026, seeking to raise ₹82.43 crore for expansion, including a new Lucknow snow park.
Silver Storm Parks & Resorts Limited commenced its Initial Public Offering on July 24, 2026, aiming to raise ₹82.43 crore. This will be achieved through a fresh issue of 61.98 lakh equity shares.
Key IPO Details
The price band for the IPO is set between ₹123 and ₹133 per equity share, each with a face value of ₹10.
The public subscription period will conclude on July 28, 2026.
Shares are scheduled for listing on the BSE SME Platform by July 31, 2026.
Strategic Expansion Plans
A significant portion of the net proceeds is earmarked for strategic expansion initiatives. This includes establishing a new Indoor Snow Park and Family Entertainment Centre at Omaxe Hazratganj Mall in Lucknow.
Funds will also enhance the company’s primary destination in Athirappilly, Kerala. A residual amount is designated for general corporate purposes.
Operational Footprint
Silver Storm Parks & Resorts operates under the ‘Silver Storm’ and ‘Snow Storm’ brands. Their facilities are located in Athirappilly, Kerala, and Jamshedpur, Jharkhand.
The Athirappilly property features an amusement park, water park, indoor snow park, resort, and various food and beverage options. Upcoming additions include a Cable Car and a Forest Village.
The company expanded with an Indoor Snow Park in Jamshedpur in October 2025. The proposed Lucknow facility further strengthens its indoor entertainment presence.
Financial Performance
The company demonstrated robust performance in the fiscal year 2025-26. Revenue climbed to ₹44.85 crore from ₹31.64 crore in the preceding year.
Net profit also saw substantial growth, nearly doubling to ₹19.10 crore compared to ₹9.71 crore in FY2024-25.
IPO Facilitators
Vivro Financial Services Private Limited is serving as the Book Running Lead Manager for the issue. MUFG Intime India Private Limited has been appointed as the Registrar.
The IPO announcement was made during a press conference in Thrissur, attended by Chairman Abdul Jaleel and Managing Director A.I. Shalimar.