Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Silverstorm Parks and Resorts Ltd IPO
Silverstorm Parks and Resorts Ltd
₹2,46,000 /2000 sharesMinimum investment
IPO details
Minimum investment
₹2,46,000
Price range
₹123 - ₹133
Lot size
1,000
Issue size
82.43 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
24 Jul 2026
IPO open date
28 Jul 2026
IPO close date
29 Jul 2026
Allotment date
29 Jul 2026
Funds unblock or debit
31 Jul 2026
Tentative listing date
About
Founded in
1998
MD/CEO
Mr Shalimar Antharathara Ibrahim
Parent organisation
Silverstorm Parks and Resorts Ltd
Silverstrom Parts & Resorts Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to operate an integrated entertainment destination comprising an amusement-cum-water park, an indoor snow park, a resort, and an upcoming cable car project at a single location. It also claims to operate Kerala's first indoor snow park and expects the 1.2 km ropeway at Athirappilly to further diversify its revenue streams through separate ticketing.
The company states to have an operating track record of over two and a half decades in the amusement park industry. It recorded footfalls of 6.71 lakh, 5.14 lakh, and 4.24 lakh in FY26, FY25, and FY24, respectively.
The company claims to be led by promoters with more than two and a half decades of experience in the amusement park industry. It also claims to have an in-house sales, marketing, and project team comprising 46 personnel, supporting business operations, institutional marketing, and expansion initiatives.
The company claims to have developed a dedicated institutional marketing network targeting schools, colleges, corporates, travel agencies, and event organisers across Kerala and parts of Tamil Nadu. This relationship-driven approach helps generate recurring group bookings and reduces dependence on walk-in visitors.
The company claims to maintain safety and hygiene standards through ISO 9001:2015 certification for its amusement rides, water slides, snow park, and resort. It also claims to use reverse osmosis-based water treatment, water quality testing facilities, backup power infrastructure, lightning protection systems, and trained lifeguards and medical personnel across its attractions.
The company has seen a consistent increase in revenue from operations and PAT. Revenue from operations increased from Rs 18.86 crore in FY24 to Rs 31.00 crore in FY25 to Rs 43.58 crore in FY26, while PAT increased from Rs 0.97 crore in FY24 to Rs 9.71 crore in FY25 to Rs 19.10 crore in FY26.
The company has not entered into annual maintenance contracts for its machinery, buildings, and other equipment, except for diesel generator sets at its Athirappilly Theme Park and Snow Storm facility. Instead, it relies on an in-house technical team of 123 employees for maintenance and repairs. Annual maintenance and replacement expenses stood at Rs 0.30 crore (1.65% of total expenses) in FY26, Rs 0.34 crore (1.90%) in FY25, and Rs 0.67 crore (4.05%) in FY24. Any unexpected equipment failure, ride malfunction, or major repair requirement could disrupt operations, increase maintenance costs, and adversely affect the company's business, financial performance, and visitor experience.
The company's business is subject to seasonal and cyclical variations in visitor footfalls, with revenue largely dependent on school vacations, festive seasons, public holidays, weekends, and weather conditions. Revenue from operations amounted to Rs 8.09 crore (18.56% of total revenue), Rs 5.03 crore (11.53%), Rs 11.55 crore (26.49%), and Rs 18.92 crore (43.41%) during the first, second, third, and fourth quarters of FY26, respectively. In FY25, quarterly revenue stood at Rs 4.28 crore (13.79%), Rs 1.93 crore (6.24%), Rs 11.03 crore (35.59%), and Rs 13.76 crore (44.38%), while in FY24 it was Rs 4.26 crore (22.60%), Rs 2.45 crore (13.00%), Rs 6.80 crore (36.08%), and Rs 5.34 crore (28.32%), respectively. Since the company’s employee, park operating, and other fixed costs remain relatively constant throughout the year, any decline in visitor footfalls during peak seasons or weaker-than-expected seasonal demand could disproportionately affect its revenue, profitability, cash flows, and overall financial performance.
The company incurs significant fixed and recurring operating expenses, including employee benefits, power and fuel, repairs and maintenance, and advertising. Employee benefit expenses amounted to Rs 5.89 crore (32.25% of total expenses) in FY26, Rs 6.50 crore (36.55%) in FY25, and Rs 5.72 crore (34.40%) in FY24. Advertisement and business promotion expenses were Rs 1.46 crore (7.99%), Rs 1.03 crore (5.81%), and Rs 0.66 crore (3.98%), while power and fuel expenses stood at Rs 1.06 crore (5.83%), Rs 1.53 crore (8.61%), and Rs 1.65 crore (9.91%) during the respective years. If the company is unable to maintain adequate visitor footfalls or revenue growth, these fixed costs could adversely affect its profitability, cash flows, and overall financial performance.
The company relies on a large workforce to operate its amusement park and snow park businesses, exposing it to employee attrition and workforce-related disruptions. As of March 31, 2026, it had 375 permanent employees, with attrition rates of 12.65% in FY26, 11.42% in FY25, and 10.95% in FY24, following the resignation of 42, 33, and 30 employees, respectively. Employee benefit expenses accounted for a significant portion of total expenses at Rs 5.89 crore (32.25%) in FY26, Rs 6.50 crore (36.55%) in FY25, and Rs 5.72 crore (34.40%) in FY24. Any inability to attract, train, or retain skilled employees, or any increase in employee attrition, could disrupt operations, increase costs, and adversely affect the company's business, financial performance, and growth plans.
The company depends on third-party suppliers, transportation providers, and vendors for the timely supply of spare parts, maintenance equipment, food and beverage items, and other consumables. Purchases from the top supplier accounted for Rs 0.34 crore (9.60% of total purchases) in FY26, Rs 0.58 crore (19.61%) in FY25, and Rs 0.18 crore (39.62%) in FY24. Purchases from the top five suppliers represented Rs 1.40 crore (39.16%) in FY26, Rs 1.18 crore (39.99%) in FY25, and Rs 0.35 crore (78.55%) in FY24, while the top 10 suppliers accounted for Rs 2.21 crore (61.75%) in FY26, Rs 1.54 crore (52.10%) in FY25, and Rs 0.40 crore (89.91%) in FY24. Any disruption in the supply chain or increase in procurement and transportation costs could adversely affect the company's operations, profitability, and financial performance.
The company is involved in ongoing material proceedings. Any adverse judgments in the cases could be detrimental to the company’s business prospects.
The company reported negative cash flows from investing activities of Rs 62.84 crore in FY26, Rs 23.63 crore in FY25, and Rs 10.12 crore in FY24, primarily due to capital expenditure on property, plant and equipment, including capital work in progress and intangible assets. In FY26, the company incurred capital expenditure of Rs 63.61 crore, partially offset by interest income of Rs 0.84 crore. In FY25, purchases of property, plant and equipment, intangible assets, and capital work in progress amounted to Rs 24.41 crore, partially offset by proceeds from the sale of property, plant and equipment of Rs 0.25 crore and interest and other income of Rs 0.53 crore. In FY24, capital expenditure of Rs 10.47 crore was partially offset by proceeds from the sale of property, plant and equipment of Rs 0.16 crore and interest and other income of Rs 0.19 crore. Continued negative cash flows from investing activities could put pressure on the company's liquidity and financial flexibility.
The company has contingent liabilities amounting to Rs 3.23 crore as of FY26. If any of these contingent liabilities materialise, it could harm the company’s financial performance/whatever is mentioned in the prospectus.
As of FY26, the company had outstanding financial indebtedness of Rs 65.07 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Application details
For Silverstrom Parts & Resorts IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹123 - ₹133 | ₹2 - ₹5 Lakhs | 1000 |
About
Objective of Silverstorm Parks and Resorts IPO Proceeds
|
Particulars |
Estimated Amount (in ₹ Cr.) |
|
Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC |
26.12 |
|
Funding capital expenditure in relation to the expansion and upgradation of our existing Athirappilly Theme Park, Kerala |
15.14 |
|
Repayment and, or pre-payment, in full or part, of certain borrowings availed by the company |
24.00 |
|
General corporate purposes |
[.] |
|
Total |
[.] |
Book Running Lead Manager & Registrar of Silverstorm Parks and Resorts IPO
|
Book Running Lead Manager |
Vivro Financial Services Private Limited |
|
Registrar to the Issue |
MUFG Intime India Private Limited |
Key Performance Indicators (KPIs) of Silverstorm Parks and Resorts Ltd.
|
KPI |
Value (for the fiscal year ended March 31, 2026) |
|
ROE (%) |
30.98 |
|
ROCE (%) |
25.22 |
|
EBITDA Margin (%) |
67.37 |
|
Debt/Equity Ratio |
0.89 |
|
PAT Margin (%) |
42.59 |
|
EPS (Pre-IPO) (₹) |
11.59 |
|
Return on Net Worth (RoNW) (%) |
30.98 |
Silverstorm Parks and Resorts IPO Contact Details
|
Company Name |
Silverstorm Parks and Resorts (India) Limited |
|
Registered Office |
Door No 1/77A Vettilapara P O, Chalakudy, Thrissur - 680721, Kerala. |
|
Phone |
+91 91889 05079 |
|
|
|
|
Website |
Silverstorm Parks and Resorts IPO Registrar Contact Details
|
Company Name |
MUFG Intime India Private Limited |
|
Phone |
+91 81081 14949 |
|
|
|
|
Website |