IPO Overview
Silver Storm Parks & Resorts Limited, a leading Indian tourism and theme‑park operator, announced the successful conclusion of its Initial Public Offering on July 30, 2026. The issue raised a total of ₹82.43 crore across all investor categories.
Subscription Details
- Qualified Institutional Buyers (QIB): Subscribed 1.81 times, with applications amounting to ₹31.02 crore.
- Retail Individual Investors (RII): Subscribed 1.41 times, with applications of ₹38.73 crore.
- Non‑Institutional Investors (NII): Subscribed 3.19 times, attracting ₹37.64 crore in applications.
Anchor and Market‑Maker Participation
The IPO also secured ₹21.97 crore from Anchor Investors and ₹4.14 crore from the appointed Market Maker.
Lead Management and Registry
Vivro Financial Services Private Limited acted as the Book Running Lead Manager, while MUFG Intime India Private Limited served as the Registrar to the Issue.
Company Profile and Expansion Plans
Silver Storm operates theme parks and resorts under the “Silver Storm” and “Snow Storm” brands at Athirappilly, Kerala, and Jamshedpur, Jharkhand. The Athirappilly destination, located near the iconic waterfalls, caters to domestic tourists, schools, corporate groups, and families.
The firm announced upcoming attractions: a Cable Car and Forest Village experience at Athirappilly slated for the Onam season, and a new Snow Park and Entertainment Centre at Omaxe Hazratganj Mall, Lucknow. In October 2025, the company inaugurated an Indoor Snow Park in Jamshedpur.
Management Commentary
"Over the past two‑and‑a‑half decades, Silver Storm at Athirappilly has evolved into one of Kerala's premier tourism destinations. We have also successfully expanded our presence to Jamshedpur, and we continue to pursue our growth plans with new attractions and destinations," said A.I. Shalimar, Managing Director of Silver Storm Parks & Resorts Limited.