Silverstorm Parks & Resorts IPO

The Silverstorm Parks & Resorts SME IPO runs from 24 Jul 2026 to 28 Jul 2026, offered at a price band of ₹123–133 per share, and is set to list on BSE. The company is looking to raise ₹82.43 crore through the offer. Retail investors bid in lots of 1000 shares, a minimum application of ₹2,66,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹78.3 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding capital expenditure in relation to setting up lucknow snow park and fec (₹26.12 crore), alongside repayment and/or pre-payment, in full or part, of certain borrowings availed by the company (₹24 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Silverstorm Parks & Resorts reported revenue of ₹44.85 crore and a net profit of ₹19.1 crore. Revenue grew from ₹19.11 crore in FY2024 to ₹44.85 crore in FY2026 (+135.0%). Net worth stood at ₹72.84 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 15.79× post-issue earnings and 3.01× book value, against a return on net worth of 30.98% and a debt-to-equity ratio of 0.89. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Imagicaaworld Entertainment Limited and Wonderla Holidays Limited, with a median peer P/E of about 2368.8×. The issue's own post-issue P/E works out to 15.79×.

Promoters

The promoters of the company are <p>Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel, Shalimar Antharathara Ibrahim</p>. Promoter holding stands at 70.15% before the issue and comes down to 50.98% after listing.

Grey market premium (GMP)

In the unofficial grey market, Silverstorm Parks & Resorts shares are quoted at a premium of ₹0 implying an expected listing around ₹133, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Silverstorm Parks & Resorts IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Silverstorm Parks & Resorts

Silverstorm Parks &amp; Resorts Ltd operates amusement parks and resort destinations, offering integrated leisure, entertainment, and hospitality experiences designed for families, tourists, and group visitors seeking recreation and relaxation. The company provides services including theme park attractions, water rides, adventure activities, food and beverage outlets, resort accommodations, event hosting, and customized entertainment experiences for diverse age groups. Silverstorm Parks &amp; Resorts Ltd focuses on safety, innovation, and guest satisfaction, continuously upgrading attractions, enhancing hospitality services, and creating memorable leisure destinations that support tourism growth and long-term visitor engagement. Competitive Strength: India&rsquo;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 Strong institutional marketing and regional sales network High safety and hygiene standards Prudent capital allocation and consistent financial performance