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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Read from the 476-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 13 specific to this company; 484 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
our Athirappilly Theme Park is the major source of revenue for the Company. For the Fiscal 2026... contributed 95.70%, 100.00% and 100.00% of our total revenue from operation
We have not entered into annual maintenance contracts for the machinery, building, and other equipment used, except the Diesel Generator set used in our Athirappilly Theme Park
in January 2004, an unfortunate incident occurred involving a visitor who had visited our amusement park. It was later determined that the death was caused due to the individual's pre-existing medical condition
Our Athirappilly Theme Park is located in Kerala, a region that may be prone to natural calamities and extreme weather conditions such as heavy monsoons, floods, and storms. Such events could damage park infrastructure, disrupt operations, lead to temporary or prolonged closures, and result in reduced Footfalls.
Our Company has filed a suo motu adjudication application under Sections 454 and 203 of the Companies Act, 2013 before the Registrar of Companies, Ernakulam on December 25, 2025... adjudication proceedings are currently pending
this project had earlier experienced delays due to the unavailability of trained engineers from our Chinese supplier amid geopolitical tensions between India and China. Although the supplier subsequently engaged trained Russian engineers and the project has since progressed, there can be no assurance that similar delays will not occur in the future.
Quarter 4 (January to March) 1,891.73 43.41%
our Company received private placement application money in its normal operating bank account, instead of maintaining a separate designated bank account
There have been certain instances on delay in payment of statutory dues in last three fiscals, which inter-alia include, income-tax, goods and services tax, provident fund, employees' state insurance, professional tax and other statutory dues
our Athirappilly Theme Park was temporarily closed for two days in the year 2023 as symptoms of leptospirosis were allegedly detected in some customers leading to negative media attention and loss of revenue for a few months. The Company subsequently filed a case against the media houses before the Hon'ble High Court of Kerala.
Our Company has filed certain legal proceedings against the State of Kerala, Union of India and certain social media platforms, including YouTube and Google
Our Athirappilly Theme Park is located in a relatively remote area of Thrissur, which increases our reliance on third-party suppliers and transportation providers... we have not entered into any long-term contracts with any of our third-party suppliers
Our fixed costs, including employee salaries, amusement cum water theme park operating expenses, and logistics-related costs, remain constant throughout the year
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 0 | 3 | — |
| Promoters | 0 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
Silver Storm Amusement Park Pvt Ltd vs State of Kerala & Ors (WP(C) 7379/2017): company challenged Kerala Minimum Wages Rules 2015 amendment mandating disclosure of worker bank details and wage payment via Wage Payment System; writ appeal partly allowed by Kerala HC; State filed SLP(C) No. 013331–013345/2020 pending in Supreme Court (last listed March 19, 2026)
Silver Storm Amusement Parks Pvt Ltd & Ors vs State of Kerala & Ors (WP(C) 19331/2024 (N)): challenge to Kerala GO dated January 31, 2024 re-imposing entertainment tax over and above GST as double taxation; next hearing August 13, 2026
Silver Storm Amusement Parks Pvt Ltd vs Union of India & Ors (WP 13554 of 2025): company seeks direction to remove social media/YouTube/Google posts falsely linking two children to Weil's disease after park was temporarily suspended by Primary Health Centre, Vettilappara; last heard February 12, 2026
All litigation counts and tax-claim counts (direct and indirect) are Nil/Nil across Company, Promoters, Directors and Subsidiaries per the summary table on p337 (printed page 333). No aggregate monetary amount is disclosed for any proceeding. The 3 'other' matters are civil writ petitions filed BY the Company; no litigation is filed against any Relevant Party. Materiality threshold = lower of 2% of turnover (Rs 87.16 lakh), 2% of net worth (Rs 145.68 lakh) or 5% of avg absolute PAT (Rs 49.50 lakh). Separately, outstanding creditors total Rs 290.91 lakhs (172 creditors: 10 MSME = Rs 42.88 lakh; 162 other = Rs 248.03 lakh; no material creditors) – p339.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
