Silverstorm Parks & Resorts IPO
Silverstorm Parks & Resorts IPO is an SME IPO raising ₹82 Cr at ₹123 – ₹133 a share. It listed on 31 Jul 2026 at ₹133, −0.1% against its issue price of ₹133, and trades at ₹110 today (−17.3% since issue). It was subscribed 2.27× in total.
2.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs133 + OFS by subtraction from exchange total Rs82 Cr. Checked: exchange issue size Rs82 Cr vs derived Rs82.4 Cr (0.5% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 100% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Wonderla Holidays Limited | 36.65× | 4.64% | ₹12.83 |
| Imagicaaworld Entertainment Limited | 4701× | 0.05% | ₹0.01 |
| Nicco Parks & Resorts Limited | — | 10.74% | ₹-0.58 |
| This issue | 11.5× | 30.98% | ₹11.59 |
derived: cut-off price Rs133 / stated EPS Rs11.59 (Fiscal 2026 diluted EPS (post-split basis, after 1:10 share split on October 13, 2025), restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.