Silverstorm Parks and Resorts Limited, a prominent player in India's integrated amusement and leisure sector, has taken a significant step towards going public. The company has officially filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform, paving the way for its upcoming Initial Public Offering (IPO).
IPO Details and Objectives
The proposed public issue will consist of a fresh offering of up to 62 lakh equity shares, each with a face value of ₹10. The company aims to utilise the net proceeds from the IPO for several strategic purposes. A major portion is earmarked for capital expenditure, specifically for setting up a new Snow Park and Family Entertainment Centre (FEC) in Lucknow, Uttar Pradesh. Funds will also be directed towards the expansion and modernisation of its flagship theme park in Athirappilly, repayment of certain outstanding borrowings, and general corporate requirements.
The draft papers were submitted to the market regulator, the Securities and Exchange Board of India (SEBI), on December 26, 2025. The finer details of the offering, including the final issue size, price band, lot size, and the subscription dates, are expected to be announced by the company in the coming weeks.
About the Company: An Integrated Entertainment Hub
Silverstorm Parks and Resorts operates a comprehensive amusement destination situated near the majestic Athirappilly waterfalls in Thrissur, Kerala. Spread over approximately 17.38 acres, the Athirappilly Theme Park is a one-stop entertainment venue featuring an amusement-cum-water park, Kerala's pioneering indoor snow park called "Snow Storm," and an integrated resort. This unique combination caters to a wide audience, including families, tourists, students, and corporate groups.
The company has demonstrated impressive growth, attracting over 15 lakh visitors to its Athirappilly property in the last three financial years and the six months ended September 30, 2025. Its expansion strategy includes operating a snow park in Jamshedpur through a subsidiary and the upcoming Lucknow project.
Growth Trajectory and Financial Snapshot
As part of its future roadmap, Silverstorm is developing a 1.2 km aerial cable car project at Athirappilly, anticipated to be operational by the fourth quarter of the financial year 2025-26. This addition, along with plans for new amusement rides and high-thrill water attractions, is expected to significantly enhance the visitor experience.
Financially, the company has shown robust performance. For the financial year FY25, it reported a consolidated revenue of ₹31 crore, with an EBITDA of ₹16.56 crore and a Profit After Tax (PAT) of ₹9.71 crore. In the six-month period ended September 2025, it achieved a revenue of ₹13.12 crore, an EBITDA of ₹7.16 crore, and a PAT of ₹4.15 crore.
Disclaimer: This article is for informational purposes only. Investors are strongly advised to consult with certified financial experts before making any investment decisions related to this or any other IPO.
