Silverstorm Parks and Resorts, an integrated amusement and entertainment destination operator, has filed its draft red herring prospectus (DRHP) with the BSE SME platform ahead of its proposed initial public offering (IPO).
According to the company’s press release, the IPO will comprise up to 62 lakh equity shares with a face value of ₹10 each. The company submitted the draft documents to the capital markets regulator, the Securities and Exchange Board of India (SEBI), on December 26, 2025.
Details related to the issue size, price band, lot size, and IPO timeline will be announced in due course.
Use of IPO proceeds
Proceeds from the public issue will be utilised for:
- Capital expenditure towards the development of a Snow Park and Family Entertainment Centre (FEC) in Lucknow
- Expansion and upgradation of the existing theme park
- Repayment of certain borrowings
- General corporate purposes
About the company
Silverstorm Parks and Resorts operates an integrated amusement destination near the Athirappilly waterfalls in Thrissur, Kerala, spread across approximately 17.38 acres. The Athirappilly Theme Park houses an amusement-cum-water park, Kerala’s first indoor snow park, and an integrated resort, catering to families, tourists, students, and corporate groups.
The company currently operates the indoor snow park “Snow Storm” at Athirappilly and has expanded through a subsidiary that runs a snow park in Jamshedpur, Jharkhand. It is also setting up an upcoming snow park and family entertainment centre in Lucknow, Uttar Pradesh.
Over the last three financial years and the six months ended September 30, 2025, the Athirappilly park recorded footfalls exceeding 15 lakh visitors, the company said.
Expansion plans
As part of its growth strategy, Silverstorm is developing a 1.2-km aerial cable car project at Athirappilly, which is expected to become operational in the fourth quarter of FY26. The project is expected to enhance visitor experience through new amusement rides and high-thrill water attractions.
Financial performance
For FY25, the company reported:
- Consolidated revenue: ₹31 crore
- EBITDA: ₹16.56 crore
- Profit after tax (PAT): ₹9.71 crore
For the six-month period ended September 2025, it posted:
- Revenue: ₹13.12 crore
- EBITDA: ₹7.16 crore
- PAT: ₹4.15 crore
Disclaimer
This article is for informational purposes only and does not constitute investment advice or a recommendation to subscribe to the IPO. Investors should refer to the official offer documents and consult their financial advisors before making any investment decisions.
