Silverstorm Parks & Resorts IPO
Silverstorm Parks & Resorts IPO is a sme IPO raising ₹82 Cr at ₹123 – ₹133 a share. The smallest application you can make is 1000 shares, costing ₹1,33,000 at the top of the band. Bidding closes on 28 Jul 2026 and the shares list on 31 Jul 2026. So far it has been subscribed 0.00× in total.
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What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Silver Storm operates an integrated amusement destination near the Athirappilly waterfalls in Thrissur, Kerala, combining an amusement cum water park, an indoor snow park ('Snow Storm'), and an 8-room resort on about 17.38 acres. It is building a 1.2 km ropeway cable car there and has expanded to an indoor snow park in Jamshedpur, Jharkhand (operational since October 2025), with another snow park and family entertainment centre under development in Lucknow. Visitors are primarily families, school and college groups, corporates, and domestic tourists drawn from Kerala and nearby Tamil Nadu cities.
How it earns
Primarily through entry ticket sales to the amusement cum water park and indoor snow park, supplemented by in-park food and beverage sales (self-operated from October 2024), merchandise and photography, resort room bookings, and hosting private/institutional events; tickets accounted for 71.95% of operating revenue in FY26.
Who buys
End consumers visiting the parks (families, school/college students, corporate groups, domestic tourists); catchment covers Kerala plus Tamil Nadu cities including Coimbatore, Erode, Tirupur, Namakkal, Madurai, Dindigul, Karur, Nilgiris and Salem (over 50 million population per Care Report). No named B2B customer or concentration percentage is disclosed.
Scale
Athirappilly Theme Park spans ~17.38 acres with 41 rides, 3 restaurants and an 8-room resort; Snow Storm indoor snow park ~10,000 sq ft; Jamshedpur Snow Park 5,183 sq ft; upcoming Lucknow Snow Park and FEC over 11,000 sq ft; 1.2 km ropeway cable car under construction; total footfalls of 16.09 lakhs over FY24–FY26; in-house sales/marketing/new-project team of 46 people. FY26 Revenue from Operations: ₹4,358.00 lakhs (≈ ₹43.58 crore; 1 crore = 100 lakhs).
What it says sets it apart
- Positioned as India's first fully integrated amusement destination combining amusement/water theme park, indoor snow park, ropeway cable car and resort on a single property at the Athirappilly waterfalls tourist location (per Care Report).
- Operated Kerala's first indoor snow park 'Snow Storm' since 2017 (~10,000 sq ft, maintained at -10°C) with separate ticketing, including snowfall simulation, snow tubing, snow mat slide, snow dance rink, igloo house and themed play areas.
- Operational track record since 2000 (over 25 years) with Revenue from Operations growing from ₹1,885.84 lakhs in FY24 to ₹4,358.00 lakhs in FY26, a 52.02% CAGR, and footfalls rising from 4.24 lakhs to 6.71 lakhs over the same period.
- Dedicated in-house sales and marketing team of 46 personnel conducting direct outreach to schools, colleges, corporates, travel agencies and event organisers across all districts of Kerala and key Tamil Nadu urban centres, supporting recurring institutional group bookings.
- ISO 9001:2015 certified park with reverse-osmosis water treatment, dedicated water quality laboratory, lightning arrestors, 910 kVAh combined diesel generator backup, and trained lifeguards/nurses at water attractions.
Revenue mix
The last few years in numbers
From the prospectus’s own summary financial table (restated consolidated). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY2026 | ₹44 Cr+41% | ₹19 Cr+97% | 43.8% | ₹133 Cr | ₹65 Cr |
| FY2025 | ₹31 Cr+64% | ₹10 Cr+905% | 31.3% | ₹112 Cr | ₹30 Cr |
| FY2024 | ₹19 Cr | ₹1 Cr | 5.1% | ₹78 Cr | ₹28 Cr |
What happens when
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