Silverstorm Parks and Resorts Limited IPO GMP, Date, Price Band & Review

Silverstorm Parks & Resorts IPO Details

Silverstorm Parks & Resorts IPO is a 100% book-built issue of ₹82 crore, comprising a fresh issue of ₹78 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 26, 2025 and received approval on March 18, 2026.

The price band of the issue is set at between ₹123 and ₹133 per share and the lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor is ₹2,66,000 (2,000 shares). The IPO will be open for subscription from July 24 to 28, 2026, on the BSE SME platform, with a tentative listing date fixed as July 31, 2026. The book-running lead manager of the issue is Vivro Financial Services Private Ltd., while MUFG Intime India Private Limited serves as the registrar of the offer.

Silverstorm Parks & Resorts IPO Date & Timeline

The Silverstorm Parks & Resorts IPO is officially set to open for subscription on Jul 24, 2026 and will close on Jul 28, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on December 26, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 29, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 30, 2026. Finally, shares of Silverstorm Parks & Resorts Ltd. are tentatively scheduled to list on the stock exchanges on Jul 31, 2026.

Silverstorm Parks & Resorts IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Silverstorm Parks & Resorts IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹133, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Silverstorm Parks & Resorts Ltd. was incorporated as a private limited company under the name ‘Silverstorm Amusement Parks Private Limited’ on October 7, 1998, in Kerala. In 2025, the company changed its name to ‘Silverstorm Parks and Resorts Private Limited,' and then, on October 10, 2025, the company transformed from a private limited company to a public limited company to proceed with its public listing procedures, with its headquarters in Thrissur, Kerala.

The firm primarily develops, owns and manages a variety of entertainment, amusement and snow parks, alongside resort facilities. The company has evolved significantly from a regional operator into a multi-state enterprise over the past two decades. While its primary operations remain securely anchored at the Athirappilly Theme Park in Kerala, it has successfully expanded its footprint to include an indoor snow park in Jamshedpur, Jharkhand.

Operations & Product Range

Silverstorm Parks & Resorts Ltd. provides comprehensive leisure and recreational solutions to a broad consumer base. The company's core operations revolve around managing dry mechanical amusement rides, specialised water slides and indoor climate-controlled snow parks.

Key product categories feature standard entry ticketing, in-park food and beverage services, retail merchandise sales, photography and resort accommodation. The company actively targets a diverse range of customers, primarily focusing on domestic family vacationers, institutional school excursions and corporate group outings. The business primarily caters to regional tourists and domestic travellers, meaning international export exposure does not apply to its service delivery model.

Facilities & Capacity

Silverstorm Parks & Resorts Ltd. operates its flagship Athirappilly Theme Park in Kerala, covering 17.38 acres with 41 mechanical and water rides, a 10,000-square-foot indoor snow park, three restaurants and the Silver Storm Resort. The company also runs the Jamshedpur Snow Park in Jharkhand. Future expansions include the Lucknow Snow Park and Family Entertainment Centre in Uttar Pradesh and a 1.2-kilometre ropeway project in Athirappilly to enhance tourist attraction and operational capacity.

Brands & Market Presence

Silverstorm Parks & Resorts Ltd. operates its properties under strong, recognisable regional brands. The flagship amusement park and resort are marketed heavily under the core "Silverstorm" brand. Meanwhile, the company's specialised indoor winter attractions operate exclusively under the "Snow Storm" brand across Kerala, Jharkhand and Uttar Pradesh. The firm enjoys a strong domestic market presence, drawing consumers consistently from Kerala and neighbouring states, while actively extending its reach into northern and eastern India through its newer indoor snow parks. While specific industry rankings have not been explicitly disclosed in the provided documents, the company remains a highly recognised domestic tourist destination with a growing national footprint.

Revenue Streams & Business Model

Silverstorm Parks & Resorts Ltd. operates heavily on a D2C business model; the primary source of revenue for the company is the sale of entry tickets to its amusement, water and snow parks. In FY26, revenue from entry fees contributed 71.95% of the total operating revenue, underscoring its importance to the business. Other revenue streams include in-house food and beverage sales, which the company began managing directly to capture higher margins. Additional revenue is generated through retail merchandise, photography, costume rentals and room tariffs from the Silver Storm Resort. The business model leverages high fixed costs, ensuring that peak seasonal ticket sales significantly drive overall profitability once baseline maintenance expenses are covered.

Financial Performance

Silverstorm Parks & Resorts Ltd. has reported impressive growth in its financial performance over the past three years, with revenue from operations moving from ₹31.00 crore in FY25 and scaling to ₹43.58 crore in FY26, representing a remarkable revenue CAGR over the period. The company's profit after tax (PAT) stood at ₹9.71 crore in FY25 and reached ₹19.10 crore in FY26, reflecting exceptional PAT growth in the latest financial year. The company's operating profitability remained strong due to its operating leverage, ensuring that incremental revenue was efficiently converted into net profit as tourist footfalls increased across its active park properties.

Management & Shareholding

The promoters of Silverstorm Parks & Resorts Ltd. are Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel and Shalimar Antharathara Ibrahim. The promoters have maintained a steady focus on expanding the business and retaining significant control over its strategic direction. Before the IPO, the promoter and promoter group held a 70.15% stake and the public held a 29.85% stake in the company. But after the IPO, the promoter and promoter group’s shareholding will not be diluted, as the offering doesn’t include any offer-for-sale shares.

Board & Key Management

Silverstorm Parks & Resorts Ltd. is governed by an experienced board, chaired by Non-Executive Director Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel. Shalimar Antharathara Ibrahim drives the operational framework as the Managing Director, working alongside Whole-Time Director Sankarakrishnan Ramalingam to ensure project execution. Aravindakshan and Swati Shah provide independent oversight as Non-Executive Independent Directors. Financial strategy is overseen by Komath Ramachandran, who serves as the Chief Financial Officer, while Nagashruti Shivanand Lakkimarad manages corporate governance as the Company Secretary and Compliance Officer.