Silverstorm Parks and Resorts IPO

About Silverstorm Parks and Resorts IPO

The Silverstorm Parks and Resorts IPO, an SME IPO, opens on Friday, July 24, 2026 and closes on Tuesday, July 28, 2026. The allotment of shares will take place on Wednesday, July 29, 2026. The credit of shares to the demat account will take place on Thursday, July 30, 2026. The initiation of refunds will take place on Thursday, July 30, 2026. The listing of shares will take place on Friday, July 31, 2026.

The offer consists of a fresh issue component. The fresh issue will include 61,98,000 shares aggregating up to ₹82.43 crores.

Silverstorm Parks and Resorts IPO's price band is set at ₹123 to ₹133 per share. The lot size for an application is 1,000 shares, and individual investors must bid for a minimum of 2 lots. The minimum amount of investment required by a retail investor is ₹2,66,000 (2,000 shares) (based on upper price).

The Company operates the Athirappilly Theme Park in Thrissur district, Kerala. It also runs Snow Storm, Kerala's first indoor snow park, and a second snow park at Jamshedpur, Jharkhand, which commenced operations in October 2025 through its subsidiary Snow Storm Parks Private Limited.

Objectives of Silverstorm Parks and Resorts IPO

• Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC.
• Funding capital expenditure in relation to the expansion and upgradation of the existing Athirappilly Theme Park, Kerala.
• Repayment and/or prepayment, in full or part, of certain borrowings availed by the company.
• General Corporate Purposes.

Industry Outlook

The country has around 2-3 amusement parks per 1 crore population against roughly 6 per 1 crore globally, and average footfall per Indian park sits between 1 million and 2 million a year against 13.5 million to 17.3 million globally.

South India leads the domestic market by share. The region is projected to reach ₹58.8 billion by CY29P at a CAGR of 16% from CY24, ahead of West India at ₹43.9 billion and a CAGR of 15.8%, supported by developed tourism infrastructure and a climate that permits year-round operation.

The Company's Athirappilly Theme Park sits in Kerala, within the South Indian market. Its catchment spans Kerala and nine urban centres in Tamil Nadu, covering a population of over 50 million people.

About Silverstorm Parks and Resorts

Silverstorm Parks and Resorts was incorporated in Kochi, Kerala on October 07, 1998 and commenced park operations in 2000. Its Athirappilly Theme Park in Thrissur district, Kerala is spread across 17.38 acres and featured 41 low-to-high thrill rides, three restaurants, and an eight-room resort under the Silver Storm Resort brand as of March 31, 2026. The park lies about 27 km from Cochin International Airport and about 20 km from Chalakudy Railway Station. In 2017, the Company launched Snow Storm, described in the CARE Report as Kerala's first indoor snow park, spread over approximately 10,000 square feet and maintained at -10°C with independent ticketing.

Footfalls totalled 6.71 lakhs, 5.14 lakhs, and 4.24 lakhs for Fiscal 2026, Fiscal 2025, and Fiscal 2024. Average revenue per user rose to ₹649.70 in Fiscal 2026 from ₹444.96 in Fiscal 2024. In October 2025, its subsidiary Snow Storm Parks Private opened a 5,183 square foot snow park at the P & M Hi-Tech city centre mall in Jamshedpur, Jharkhand. A third facility, the Lucknow Snow Park and FEC at Omaxe Hazratganj Mall in Uttar Pradesh, spans more than 11,000 square feet and is expected to be operational by the fourth quarter of Fiscal 2027.

Strengths of Silverstorm Parks and Resorts

• India’s first integrated fun destination offering amusement cum water park, snow park, cable car and resort at a strategic tourist location.
• Established track record with over two and a half decades of market presence and brand recognition.
• Experienced promoters and dedicated senior management team with industry knowledge.
• Strong institutional marketing and regional sales network.
• High safety and hygiene standards.
• Prudent capital allocation and consistent financial performance.

Risks of Silverstorm Parks and Resorts

• The Athirappilly Theme Park generated 95.70% of revenue from operations in Fiscal 2026, so flooding, power loss, or local disruption at that single site would halt most of the Company's earnings.
• Footfalls concentrate in the third and fourth quarters around school tours and festive periods, leaving quarterly revenue exposed to adverse weather and to shifts in school and examination calendars.
• The Company has not entered into annual maintenance contracts for its machinery, buildings, or equipment other than the diesel generator set, so a breakdown during peak season could close attractions and raise repair costs.

Anchor Investor Bidding Date: Thursday, July 23, 2026

IPO Registrar
MUFG Intime India Private
Email: silverstormparks.smeipo@in.mpms.mufg.com
Phone: +91 810 811 4949

Book Running Lead Manager
Vivro Financial Services Private Limited

Silverstorm Parks and Resorts Contact Details
Door No 1/77A Vettilapara P O, Chalakudy, Thrissur - 680721, Kerala
Phone: +91-9188905079
Email: info@silverstorm.in

Silverstorm Parks and Resorts Business Model

The company earns its revenue through ticket sales at its amusement cum water park and snow parks, food and beverage sales, merchandise and photography income, resort bookings, and the hosting of private and institutional events.

In Fiscal 2026, the amusement cum water park contributed ₹17.32 crores, the snow parks ₹14.03 crores, food and beverage ₹7.63 crores, other non-ticketing activities ₹4.22 crores, and the resort ₹0.37 crores. Snow Storm operates on independent ticketing within the Athirappilly park, which allows a second charge on the same visitor. Until September 2024, food and beverage operations were run through third-party contracts that generated rental income; from October 2024 the Company moved to a direct billing model, and all legacy contracts concluded by June 30, 2025. Average non-ticketing revenue per user rose to ₹182.24 in Fiscal 2026 from ₹52.68 in Fiscal 2024.

Silverstorm Parks and Resorts Growth Trajectory

Silverstorm Parks and Resorts Limited's Total Income for FY26 was ₹44.85 crores, whereas in FY25 and FY24 it was ₹31.64 crores and ₹19.11 crores, respectively. The Profit After Tax for FY26 was ₹19.10 crores, whereas in FY25 and FY24 it was ₹9.71 crores and ₹0.97 crores, respectively.

Their EBITDA for FY26 was ₹29.36 crores, whereas in FY25 and FY24 it was ₹16.56 crores and ₹6.52 crores, respectively.

Silverstorm Parks and Resorts Market Position

The Company's reach is concentrated in South India, with the Athirappilly Theme Park drawing from every major district in Kerala and from nine urban centres in Tamil Nadu including Coimbatore, Erode, Tirupur, Namakkal, Madurai, Dindigul, Karur, Nilgiris, and Salem, a combined catchment of over 50 million people. A 46-member in-house sales and marketing team covers this territory and sources bookings from schools, colleges, corporates, travel agencies, and event organisers. The park recorded over 16.09 lakh visitors across the last three financial years.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹44.85 crores, ₹19.10 crores, and ₹29.36 crores, respectively.

How to apply for Silverstorm Parks and Resorts IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.