Silver Storm Parks and Resorts Limited Successfully Concludes IPO

Silver Storm Parks & Resorts Limited, one of India's leading tourism and theme park chains, has successfully concluded its Initial Public Offering (IPO), raising ₹82.43 crore.

Fundraising Outcome
- Total raised: ₹82.43 crore
- QIBs: Subscribed 1.81x (₹31.02 crore)
- Retail Investors (RII): Subscribed 1.41x (₹38.73 crore)
- Non-Institutional Investors (NII): Subscribed 3.19x (₹37.64 crore)
- Anchor Investors: ₹21.97 crore
- Market Maker: ₹4.14 crore

Company Profile
- Operates theme parks and resorts under Silver Storm and Snow Storm brands.
- Flagship destination: Athirappilly, Kerala, near the iconic waterfalls.
- Attractions include amusement park, water park, indoor snow park, resort, dining facilities.
- Expanded to Jamshedpur, Jharkhand with an Indoor Snow Park (opened Oct 2025).
- Upcoming: Cable Car & Forest Village at Athirappilly (Onam 2026), and a new Snow Park & Entertainment Centre at Omaxe Hazratganj Mall, Lucknow.

Growth Vision
- First destination in India to offer such a comprehensive entertainment ecosystem in one location.
- Strong focus on tourism, family recreation, corporate outings, and educational visits.
- IPO proceeds expected to fuel expansion and new attractions.

Leadership Remarks
Managing Director A.I. Shalimar emphasized Silver Storm’s evolution over 25+ years into one of Kerala’s premier tourism destinations, with successful expansion to Jamshedpur and ambitious growth plans ahead.

This IPO positions Silver Storm as a fast-growing player in India’s leisure and tourism sector, blending natural attractions with modern entertainment.