Silverstorm Parks and Resorts Limited submitted a regulatory filing to BSE Limited regarding the utilization of funds raised through its Initial Public Offer (IPO). The filing is made pursuant to Regulation 32(1) read with Regulation 32(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.
The company confirms that there has been no deviation or variation in the utilization of IPO proceeds from the objects stated in the Prospectus dated July 28, 2026.
Key Financial Details
- Date of Raising Funds: July 29, 2026
- Issue Size: ₹82.43 crore
- IPO Expenses: ₹8.42 crore
- Net Proceeds Available for Utilization: ₹74.01 crore
- Total Funds Utilized as of September 30, 2026: ₹59.17 crore
Fund Utilization Breakdown
| Object | Original Allocation (₹ crore) | Funds Utilized (₹ crore) | Remarks |
| Funding capital expenditure for Lucknow Snow Park and FEC | 26.1170 | 11.9056 | Nil deviation |
| Funding capital expenditure for expansion and upgradation of Athirappilly Theme Park, Kerala | 15.1370 | 6.0802 | No deviation/variation |
| Repayment/prepayment of borrowings | 24.0000 | 24.0000 | - |
| General Corporate Purposes | 8.7521 | 8.7521 | - |
| Issue expenses | 8.4273 | 8.4273 | - |
Governance and Compliance
- Monitoring Agency: Brickwork Ratings India Private Limited
- Audit Committee Review: The statement was reviewed by the Audit Committee at its meeting held on November 07, 2026
- Audit Committee Comments: No Comments
- Auditors Comments: No Comments
- Shareholder Approval: Not Applicable (as no deviation occurred)
The document was signed by Nagashruti Shivanand Lakkimarad, Company Secretary and Compliance Officer (Membership No. A45681), on November 07, 2026.