India, Aug. 2 -- Silver Storm Parks & Resorts Limited, one of India's leading tourism and theme park chains, has successfully concluded its Initial Public Offering (IPO), raising Rs.82.43 crore.
Fundraising Outcome
- Total raised: Rs.82.43 crore
- QIBs: Subscribed 1.81x (Rs.31.02 crore)
- Retail Investors (RII): Subscribed 1.41x (Rs.38.73 crore)
- Non-Institutional Investors (NII): Subscribed 3.19x (Rs.37.64 crore)
- Anchor Investors: Rs.21.97 crore
- Market Maker: Rs.4.14 crore
Company Profile
- Operates theme parks and resorts under Silver Storm and Snow Storm brands.
- Flagship destination: Athirappilly, Kerala, near the iconic waterfalls.
- Attractions include amusement park, water park, indoor snow park, resort, dining facilities.
- Expanded to Jamshedpur, Jharkhand with an Indoor Snow Park (opened Oct 2025).
- Upcoming: Cable Car & Forest Village at Athirappilly (Onam 2026), and a new Snow Park & Entertainment Centre at Omaxe Hazratganj Mall, Lucknow.
Growth Vision
- First destination in India to offer such a comprehensive entertainment ecosystem in one location.
- Strong focus on tourism, family recreation, corporate outings, and educational visits.
- IPO proceeds expected to fuel expansion and new attractions.
Leadership Remarks
Managing Director A.I. Shalimar emphasized Silver Storm's evolution over 25+ years into one of Kerala's premier tourism destinations, with successful expansion to......
Published by HT Digital Content Services with permission from Travel Media.