Soon
Valuation
Market Cap
₹301.60 Cr
P/E Ratio
10.56x
P/B Ratio
3.01x
Silverstorm IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Silverstorm Parks and Resorts Limited operates Athirappilly Theme Park in Thrissur, Kerala, an integrated destination combining an amusement cum water park, an indoor snow park under the brand Snow Storm, and Silver Storm Resort. Spread across approximately 17.38 acres near the Athirappilly and Vazhachal waterfalls, the park features 41 rides, 3 restaurants, and 8 resort rooms. The Company also operates a snow park in Jamshedpur, Jharkhand, and is setting up a snow park and family entertainment centre in Lucknow. It is developing a 1.2 km ropeway cable car at Athirappilly.
Lots & IPO Size
Silverstorm IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,000 | ₹2,66,000 |
| Ind (Max) | 2 | 2,000 | ₹2,66,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,99,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,31,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,64,000 |
Market Maker
₹3.11 L
Employee
₹0.00
Shareholder
₹0.00
Silverstorm IPO Size
Total
₹82 Cr
Fresh Issue
₹82 Cr
(0.62 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC
Funding capital expenditure in relation to the expansion and upgradation of our existing Athirappilly Theme Park, Kerala
Repayment and/or prepayment of certain borrowings availed by our Company
General Corporate Purposes
Total
Key Risk Factors
The Company has not entered into annual maintenance contracts for machinery and equipment, and any accident or breakdown could disrupt operations and increase costs at its parks.
Key Risk Factors
The Company has not entered into annual maintenance contracts for machinery and equipment, and any accident or breakdown could disrupt operations and increase costs at its parks.
The Company's business is subject to seasonal and cyclical variations in Footfalls at Athirappilly Theme Park, affected by weather, school vacations, and holidays, impacting its results.
The Company's operations entail certain fixed and recurring expenses, and its inability to manage these expenses may adversely affect its business and cash flows.
The Company deploys a large workforce across its parks, exposing it to service-related claims and employee disruptions that could adversely affect its reputation and business.
The Company has filed certain legal proceedings against the State of Kerala, Union of India, and platforms including YouTube and Google, an unfavourable outcome of which could adversely impact it.
The Company's business is partly dependent on factors beyond its control, including discretionary consumer spending, Footfall patterns, and economic conditions in Kerala.
The Company is dependent on third-party suppliers and vendors near its remote Athirappilly location, and any disruption or cost increase could adversely affect its business.
The Company has historically derived, and expects to continue deriving, all or a majority of its revenue from Athirappilly Theme Park, making it vulnerable to risks affecting this single park.
There have been certain instances of non-compliance and/or delay in regulatory filings by the Company, and some corporate records are not traceable, which could impact its reputation.
Any accident or safety-related mishap at the Company's amusement parks may expose it to liabilities, legal proceedings, and adverse publicity, hindering expansion and financial condition.
Silverstorm IPO Details Live GMP
GMP
₹0
Est. Price
₹133
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 21 Jul | ₹0 (0%) | ₹133 |
| 20 Jul | ₹0 (0%) | ₹133 |
Silverstorm IPO Peer Comparison
(Rs. in crores)
| Particulars | Silverstone | Wonderla Holidays | Imagicaaworld | Nicco Parks |
|---|---|---|---|---|
| Revenue | 43.58 | 518.77 | 373.85 | 66.35 |
| PAT | 19.10 | 81.73 | 0.64 | 11.37 |
| EPS (₹) | 12.59 | 12.89 | 0.01 | -0.58 |
| NAV (₹) | 44.20 | 283.20 | 22.16 | 22.35 |
| RONW | 30.98% | 4.64% | 0.05% | 10.74% |
| EBITDA | 67.37% | 31.72% | 31.13% | 18.96% |
| PAT Mrgn | 42.59% | 14.83% | 0.17% | 16.05% |
| PE Ratio | 10.56 | 36.65 | 4,701.00 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 14, 2026 for Peers
Silverstorm IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 43.58 | 31.00 | 18.86 |
| PAT | 19.10 | 9.71 | 0.97 |
| Net Worth | 133.39 | 111.93 | 77.73 |
| Borrowings | 65.07 | 29.95 | 28.36 |
| Assets | 214.09 | 151.60 | 112.02 |
| NAV (₹) | 44.20 | 67.92 | 47.17 |
| EPS (₹) | 12.59 | 6.96 | 0.71 |
Key Performance Indicators (KPIs)
EBITDA
67.37%
PAT
42.59%
ROE
30.98%
ROCE
25.22%
Debt to Equity
0.89
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Silverstorm IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 43.58 | 31.00 | 18.86 |
| Other Income | 1.27 | 0.64 | 0.25 |
| Total Income | 44.85 | 31.64 | 19.11 |
| Material / Purchases | 3.33 | 2.80 | 0.45 |
| Changes in Inventories | -0.53 | -0.04 | -0.07 |
| Employee Expense | 5.89 | 6.50 | 5.72 |
| Finance Costs | 0.94 | 0.60 | 0.65 |
| Depreciation | 3.10 | 3.06 | 3.76 |
| Other Expenses | 5.54 | 5.18 | 6.24 |
| Total Expenses | 18.25 | 18.10 | 16.75 |
| Profit Before Tax | 26.60 | 13.54 | 2.36 |
| Tax Expense | 7.49 | 3.83 | 1.39 |
| Profit After Tax | 19.10 | 9.71 | 0.97 |
| EPS — Basic (₹) | 12.59 | 6.96 | 0.71 |
| EPS — Diluted (₹) | 11.59 | 6.67 | 0.71 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 16.48 | 14.18 | 13.79 |
| Reserves & Surplus | 116.91 | 97.74 | 63.93 |
| Total Equity | 133.39 | 111.93 | 77.73 |
| Total Borrowings | 65.07 | 29.95 | 28.36 |
| Trade Payables | 2.91 | 1.88 | 1.56 |
| Other Liabilities | 12.73 | 7.85 | 4.38 |
| Total Equity & Liab | 214.09 | 151.60 | 112.02 |
| Fixed Assets | 194.53 | 134.10 | 104.71 |
| Short Term Loans & Adv | 10.99 | 10.02 | 5.14 |
| Trade Receivables | 0.09 | 0.30 | 0.28 |
| Cash & Bank Bal | 0.16 | 0.45 | 0.11 |
| Other Assets | 8.32 | 6.73 | 1.79 |
| Total Assets | 214.09 | 151.60 | 112.02 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| CF from Operating Activities | 25.29 | 6.42 | 4.94 |
| CF from Investing Activities | -62.84 | -23.63 | -10.12 |
| CF from Financing Activities | 37.16 | 17.55 | 2.99 |
| Net Change in Cash & Equivalents | -0.40 | 0.34 | -2.20 |
| Cash & Equivalents at End of Period | 0.16 | 0.45 | 0.11 |
Promoter Holding
Promoter
50.98%
Public
49.02%
Shalimar Antharathara Ibrahim
19.98%
Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel
11.14%
Abdul Hazie
9.15%
Valyaveetil Abdul Rasheed Siraj
4.58%
Mangalathu Sankaran Chandran
3.24%
Others
2.89%
Management
Shalimar Antharathara Ibrahim
Age: 57
MD
Remuneration
₹As per terms of appointment; entitled to managerial remuneration under Companies Act, 2013 provisions
Education
Diploma in Electrical Engineering (Maharaja's Technological Institute, Trichur, 1987)
Prior Experience
Over 25 years in amusement park industry; Chairman - South Indian Region, IAAPI; instrumental in setting up and operating Athirappilly Theme Park
Sankarakrishnan Ramalingam
Age: 65
WTD
Remuneration
₹As per terms of appointment; entitled to managerial remuneration under Companies Act, 2013 provisions
Education
B.Sc (University of Bombay, 1986); CAIIB; Diploma in Industrial Chemistry (British Institutes, Bombay)
Prior Experience
Over 28 years in financial services and investment banking; formerly with Syndicate Bank; Director at Aster Capital Advisory Services
Komath Ramachandran
Age: 65
CFO
Remuneration
₹₹24,00,000 p.a. as per terms of appointment
Education
B.Com (University of Kerala, 1986)
Prior Experience
Associated with the Company since 1999; promoted to CFO in 2025; previously with Deepthi Diamonds (India) Limited (1986-1999)
Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel
Age: 74
Chairman
Remuneration
₹As per terms of appointment; entitled to managerial remuneration under Companies Act, 2013 provisions
Education
Not disclosed in RHP
Prior Experience
Over 4 decades at Al Amin Transport Est. as Accounting Clerk/General; associated with the Company since incorporation
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (1)
Company Details
Name: Silverstorm Parks And Resorts Limited
Address: Door No 1/77A, Vettilapara P O, Chalakudy, Thrissur - 680721, Kerala
Number: +91-9188905079
Email: info@silverstorm.in
Website: https://silverstorm.in
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Frequently Asked Questions (FAQs)
What is Silverstorm IPO?
Silverstorm IPO is a SME IPO having an issue size of
₹82 Crs.
Silverstorm IPO is priced at
₹123 - ₹133 per
share.
The
issue opens on 24 Jul 26
and
closes on 28 Jul 26.
When will Silverstorm IPO open?
Silverstorm IPO opens on
24 Jul 26 and closes on
28 Jul 26.
What is the GMP of Silverstorm IPO?
The estimated Grey Market Premium of Silverstorm IPO is
₹0 per share (0.00%).
What is the lot size of Silverstorm IPO?
The minimum lot size of Silverstorm IPO is
1000 shares & the minimum application amount
is
Rs.
133000.
When is the allotment of Silverstorm IPO?
The allotment date of Silverstorm IPO is
29 Jul 26.
What is the listing date of Silverstorm IPO?
The listing date of Silverstorm IPO is
31 Jul 26.
What is the subscription of Silverstorm IPO?
Silverstorm IPO is subscribed
-.
What is the price band of Silverstorm IPO?
Silverstorm IPO is priced at
₹123 - ₹133 per
share.
How to check allotment status of Silverstorm IPO?
Click the allotment link on Silverstorm IPO page of IPO360.
How to apply Silverstorm IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Silverstorm IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Silverstorm IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Silverstorm IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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