Incorporated in October 1998, Silverstorm Parks and Resorts Limited is an integrated amusement and tourism company operating amusement parks, water parks, snow parks, and hospitality services in India. The company’s flagship destination, Silver Storm Theme Park at Athirappilly, Kerala, spans approximately 17.38 acres and features an amusement cum water park, Kerala’s first indoor snow park, multiple restaurants, and the Silver Storm Resort, offering a comprehensive entertainment experience for families, tourists, students, corporate groups, and institutional visitors. The company also operates a snow park in Jamshedpur, Jharkhand, and is developing a new snow park and family entertainment centre in Lucknow, Uttar Pradesh.
The company generates revenue through amusement and snow park ticket sales, food and beverage services, merchandise, resort bookings, and private and corporate events.
It is further expanding its offerings with a 1.2 km aerial cable car project at Athirappilly, expected to become the region’s first amusement park cable car attraction, along with the addition of new amusement rides and water attractions.
Led by experienced promoters with over 25 years of industry expertise, Silverstorm Parks and Resorts focuses on delivering safe, high-quality entertainment experiences while expanding its integrated tourism and leisure infrastructure.
As of March 31, 2026, the company employed 375 permanent personnel across operations, marketing, hospitality, administration, and support functions.
Strengths
Silverstorm Parks & Resorts Ltd.’s revenue increased by 42% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 214.09 | 151.60 | 112.02 |
| Total Income | 44.85 | 31.64 | 19.11 |
| Profit After Tax | 19.10 | 9.71 | 0.97 |
| EBITDA | 29.36 | 16.56 | 6.52 |
| NET Worth | 72.84 | 50.47 | 23.26 |
| Reserves and Surplus | 116.91 | 97.74 | 63.93 |
| Total Borrowing | 65.07 | 29.95 | 28.36 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Suba Hotels Ltd. | SME | ₹75.47 Cr | ₹111 | 12.78 | ₹161.90 | +45.86% | ₹109.10 (-0.86%) |
| Brigade Hotel Ventures Ltd. | Mainboard | ₹759.60 Cr | ₹90 | 112.38 | ₹85.32 | -5.20% | ₹60.60 (-3.08%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC | 26.12 |
| 2 | Funding capital expenditure in relation to the expansion and upgradation of the existing Athirappilly Theme Park, Kerala | 15.14 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 24.00 |
| 4 | General Corporate Purposes | |
| Total | 65.25 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.98% |
| ROCE | 25.22% |
| Debt/Equity | 0.89 |
| RoNW | 30.98% |
| PAT Margin | 42.59% |
| EBITDA Margin | 67.37% |
| Price to Book Value | 3.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.59 | 8.42 |
| P/E (x) | 11.47 | 15.79 |
| IPO Date | 24 to 28 Jul, 2026 |
| Listing Date | Fri, Jul 31, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹133 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 61,98,000 shares (agg. up to ₹82 Cr) |
| Reserved for Market Maker |
3,11,000 shares
(agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 58,87,000 shares (agg. up to ₹78 Cr) |
| Net Offered to Public | 58,87,000 shares (agg. up to ₹78 Cr) |
| Share Holding Pre Issue | 1,64,78,736 shares |
| Share Holding Post Issue | 2,26,76,736 shares |
Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel, Shalimar Antharathara Ibrahim
| Share Holding Pre Issue | 70.15% |
| Share Holding Post Issue | 50.98% |
As per our analysis and Based on the information we have, this is the output.
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