Silverstorm Parks and Resorts Limited, an integrated amusement and leisure destination operator based in Kerala, has filed its draft red herring prospectus (DRHP) for an upcoming SME initial public offering, marking its entry into the capital markets.
The company has submitted the DRHP with BSE SME to raise funds through the issuance of up to 62 lakh equity shares, each with a face value of ₹10. The filing was made with the Securities and Exchange Board of India (SEBI) on December 26.
According to the company, the proceeds from the IPO will be used primarily to fund capital expenditure for the proposed Lucknow Snow Park and family entertainment centre, expand and upgrade its existing theme park facilities, repay certain borrowings, and meet general corporate expenses.
Details related to the issue size, price band, lot size and IPO timeline will be announced at a later date.
Silverstorm Parks and Resorts operates an integrated amusement destination near the Athirappilly waterfalls in Thrissur district, Kerala. Spread across about 17.38 acres, the Athirappilly Theme Park houses an amusement and water park, Kerala’s first indoor snow park, and an integrated resort.
The company caters to a wide customer base including families, tourists, students, corporate groups and institutional visitors.
Its indoor snow park, branded “Snow Storm”, operates at Athirappilly. Through its subsidiary, the company also runs a snow park in Jamshedpur, Jharkhand, and is developing a new snow park and family entertainment centre in Lucknow, Uttar Pradesh.
As part of its growth strategy, the company is developing a 1.2-km aerial cable car project at Athirappilly, which is expected to become operational in the fourth quarter of FY26. The project is aimed at enhancing visitor experience and supporting the addition of new amusement rides and high-thrill water attractions.
For FY25, Silverstorm reported consolidated revenue of ₹31 crore, EBITDA of ₹16.56 crore and profit after tax of ₹9.71 crore.
In the six months ended September 2025, consolidated revenue stood at ₹13.12 crore, EBITDA at ₹7.16 crore and profit after tax at ₹4.15 crore, according to the company’s press release.
