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Silver Storm Parks & Resorts Restricted efficiently concludes IPO

by Vegas Valley News
August 1, 2026
in Business
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Silver Storm Parks & Resorts Restricted, one in all India’s main tourism and theme park chains, has efficiently concluded its Preliminary Public Providing (IPO), elevating ₹82.43 crore.

The Certified Institutional Consumers (QIB) class was subscribed 1.81 instances, attracting purposes value ₹31.02 crore. The Retail Particular person Buyers (RII) class was subscribed 1.41 instances, receiving purposes value ₹38.73 crore, whereas the Non-Institutional Buyers (NII) class witnessed a subscription of three.19 instances, garnering purposes value ₹37.64 crore. The corporate additionally raised ₹21.97 crore from Anchor Buyers and ₹4.14 crore from the Market Maker.

Vivro Monetary Providers Non-public Restricted acted because the Ebook Working Lead Supervisor to the difficulty, whereas MUFG Intime India Non-public Restricted served because the Registrar to the Challenge.

Silver Storm Parks & Resorts Restricted is a number one tourism enterprise working theme parks and resorts underneath the ‘Silver Storm’ and ‘Snow Storm’ manufacturers in Athirappilly, Kerala, and Jamshedpur, Jharkhand. Situated close to the long-lasting Athirappilly Waterfalls, the Athirappilly vacation spot has emerged as a most popular getaway for home vacationers, instructional establishments, company teams, and households.

Increasing its portfolio of points of interest, the corporate is ready to launch a Cable Automobile and Forest Village expertise at its Athirappilly vacation spot this Onam season, complementing its present amusement park, water park, indoor snow park, resort, and eating services. This can make it the primary vacation spot in India to supply such a complete vary of leisure experiences inside a single tourism vacation spot.

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In October 2025, the corporate inaugurated its Indoor Snow Park in Jamshedpur. It additionally plans to ascertain a brand new Snow Park and Leisure Centre at Omaxe Hazratganj Mall, Lucknow.

“Over the previous two-and-a-half a long time, Silver Storm at Athirappilly has developed into one in all Kerala’s premier tourism locations. We’ve got additionally efficiently expanded our presence to Jamshedpur, and we proceed to pursue our development plans with new points of interest and locations,” stated A.I. Shalimar, Managing Director of Silver Storm Parks & Resorts Restricted.

(Disclaimer: The above press launch involves you underneath an association with PNN and takes no editorial accountability for a similar.).

Tags: ConcludesIPOLIMITEDParksResortssilverstormsuccessfully
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