Silverstorm Parks and Resorts will open its ₹82.43 crore IPO on July 24, with the issue closing on July 28. The funds are earmarked for expanding theme parks in Lucknow and Kerala, as well as paying down company debt.
Silverstorm Parks and Resorts is set to launch its initial public offering (IPO) on the BSE SME platform, aiming to raise ₹82.43 crore through the issuance of fresh equity shares. The subscription window for investors is scheduled from July 24 to July 28, following a single-day anchor investor session on July 23. The company has fixed a price band between ₹123 and ₹133 per share, which values the firm at approximately ₹301.6 crore.
Strategic Expansion and Debt Reduction
The company plans to use the capital raised to fuel growth and strengthen its balance sheet. A significant portion of the proceeds, ₹26.11 crore, is allocated for the construction of a new snow park and family entertainment center in Lucknow, Uttar Pradesh. Another ₹15.1 crore is set aside to upgrade and expand its existing flagship theme park near the Athirappilly waterfalls in Kerala. Additionally, the company intends to utilize ₹24 crore to reduce its debt burden, which could help lower interest costs and improve its cash position moving forward.
Financial Performance Overview
Silverstorm Parks reported strong growth for the fiscal year ended March 2026. The company’s profit climbed to ₹19.1 crore, nearly doubling from the ₹9.71 crore reported in the previous year. Revenue also showed a robust upward trend, increasing by 40.6 percent to reach ₹43.6 crore. The company’s operating profitability, measured by EBITDA, improved significantly to ₹29.4 crore, with margins expanding to 67.37 percent compared to 53.41 percent in the prior year. These figures were supported by an increase in visitor footfalls, which rose to 6.71 lakh from 5.14 lakh the previous year.
Investor Allocation and Listing Details
The IPO structure reserves 50 percent of the issue for qualified institutional buyers, while 35 percent is set aside for retail investors and 15 percent for non-institutional investors. As this is an SME (Small and Medium Enterprise) IPO, investors should note that these stocks often carry higher risks compared to mainboard listings due to lower liquidity and smaller company size. Following the conclusion of the subscription period, the shares are expected to be listed on the BSE SME platform on July 31. Vivro Financial Services is serving as the book running lead manager for the issue. Moving forward, investors may want to track the execution of the new projects in Lucknow and the speed at which the company successfully manages its remaining debt obligations after the listing.