Silverstorm Parks and Resorts Ltd IPO
Status: Closed
Overview
IPO date
24 Jul 2026 to 28 Jul 2026
Face value
₹ 10 per share
Price
₹ 123 to ₹133 per share
Issue Size
6,198,000 shares
(aggregating up to ₹ 82.43 Cr)
(aggregating up to ₹ 82.43 Cr)
Allotment Date
29 Jul 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Entertainment
Unlock Stock of the Month
T&C*
Strengths vs Risks of Silverstorm Parks and Resorts Ltd
Know the pros & cons
Strengths
- India's first integrated fun destination offering amusement cum water park, snow park, cable car and resort at a strategic tourist location.
- Established track record with over two and a half decades of market presence and brand recognition.
- Experienced promoters and dedicated senior management team with industry knowledge
- Strong institutional marketing and regional sales network
- High safety and hygiene standards.
- Prudent capital allocation and consistent financial performance.
Risks
- The company has not entered into annual maintenance contracts for the machinery, building, and other equipment used, except the Diesel Generator set used in its Athirappilly Theme Park and Athirappilly Snow Storm. Although the company has a comprehensive in-house team for maintenance and management of its amusement park and snow parks, any unexpected accident, malfunction or mechanical breakdown of machinery at the company amusement park and snow parks could disrupt operations, result in increased maintenance or replacement costs, and adversely affect its business, financial condition, and results of operations.
- The company business is subject to seasonal and cyclical variations in Footfalls at its Athirappilly Theme Park and may be affected by weather conditions, school vacations, public holidays and weekends and may has a disproportionate effect on its results of operations.
- Its operations entail certain fixed and recurring expenses, and the company inability to manage expenses may has an adverse effect on its business, results of operations, financial condition, and cash flows.
- The company has a large number of personnel deployed across its amusement cum water theme park and snow park; consequently, Its may be exposed to service-related claims and losses or employee disruptions that could has an adverse effect on its reputation, business, results of operations, financial condition, and cash flows.
- The Company has filed certain legal proceedings against the State of Kerala, Union of India and certain social media platforms, including YouTube and Google. If no relief is granted to the Company in any of these legal proceedings, it may has a material adverse impact on its business operations, financial condition, and reputation.
- The company business is partly dependent on factors beyond its control, including levels of discretionary consumer spending, changes in Footfall patterns, and general economic conditions. Any adverse shifts in these factors could lead to a decline in Footfall and has a material negative impact on its business operations and financial results.
- The company dependent on third-party suppliers, transportation providers and vendors, and any disruption, delay or increase in costs could adversely affect its business, results of operations and financial condition.
- The company has historically derived and are expected to derive in future all or majority of its revenue from the company Athirappilly Theme Park. Any adverse developments affecting this park could has an adverse effect on its business, results of operations, financial condition, and cash flows.
- There has been certain instances of non-compliances and/or delay in compliance, including with respect to certain regulatory filings by the Company in the past. Some of its corporate records are not traceable. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Any accident or safety-related mishap at the company amusement parks may expose it to potential financial liabilities, legal proceedings, and adverse publicity. Such incidents can lead to third-party claims and reputational damage, which may adversely impact its business operations, hinder the company expansion plans, and adversely affect its financial condition and results of operations.
- Failure to effectively develop and launch new rides and attractions may negatively impact visitor engagement, limit revenue growth, and adversely affect its business, financial condition, operating results, and future prospects.
- A portion of the company business revenue is derived from other operating revenues such as photography, sale of costumes, gifts, goods from the shops, revenue from accommodation, and other activities within its Water Theme Park. Demand for the company other revenue sources may be adversely affected by the increased it of reduction in disposable income, or a change in consumer preferences.
- The company operations rely heavily on the consistent and adequate supply of electricity and water at reasonable costs. Any disruption or shortage in these essential utilities could hinder its operations and has an adverse impact on its business performance and results of operations.
- The company has negative cash flows in the past and may experience earnings declines or operating losses or negative cash flows in the future.
- The company future growth also depends on its ability to increase Footfalls at the company existing amusement park and snow parks, penetrate deeper into existing and new geographic locations, and increase revenue from other revenue streams, Its inability to does so could adversely and materially affect its growth
- The company funding requirements and the proposed deployment of Net Proceeds has not been appraised by a financial institution or a bank or any other independent agency. Further, the company has not entered into definitive arrangements with some of the vendors to utilize certain portions of the Net Proceeds of the Issue. the company has relied on the quotations received from third parties for estimation of the cost for its capital expenditure requirements and has not been independently appraised by a bank or a financial institution. If the company unable to deploy the proceeds of the Issue in a timely or an efficient manner, it may affect its business, results of operations and financial condition.
- The company has previously engaged in certain related-party transactions and may continue to enter into such transactions in the future, which could potentially give rise to conflicts of interest.
- Negative customer experiences or negative publicity surrounding the company amusement park and snow parks could has an impact on ability to source customers. Its may also incur higher expenses towards business promotion in the future including for the promotion of the company new Lucknow Snow Park and FEC and Cable Car Project at Athirappilly, to source more customers which may has an adverse impact on its business, results of operations, financial condition and cash flows.
- The company expansion projects, including the proposed Cable Car Project at Athirappilly and Lucknow Snow Park and FEC, involve significant capital expenditure funded substantially through debt and equity. Any delays, cost overruns or regulatory hurdles may adversely affect its business, financial condition, results of operations, and cash flows
- The Company's logo is not registered as on date of the Red Herring Prospectus. Its may be unable to adequately protect the company intellectual property. Furthermore, Its may be subject to claims alleging breach of third-party intellectual property rights.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the Objects of the Issue. Any shortfall in raising/meeting the same could adversely affect its growth plans, business operations and financial condition.
- The success of the company business is dependent on its ability to anticipate and respond to customer requirements. Its business may be affected if the company unable to identify and understand contemporary and evolving customer preferences or if the company unable to deliver quality service as compared to its competitors.
- The entertainment and recreational industry are intensely competitive and the company inability to compete effectively may adversely affect its business, results of operations, financial condition and cash flows. Further, a significant portion of its revenue is derived from the sale of entry tickets. Increased competition from other amusement cum water theme parks may compel it to reduce ticket prices, which could adversely impact its business, financial condition, and results of operations.
- The company amusement park and snow parks' operations are vulnerable to natural disasters and adverse weather conditions, which could negatively impact Its business, financial condition, results of operations, and future prospects.
- The company inability to meet its obligations, including financial and other covenants under the company credit facilities, could adversely affect the company business and financial results. Its may require additional equity or debt in the future in order to continue to grow its business, which may not be available on favourable terms or at all.
- The company business is capital-intensive and may require additional financing to meet those requirements, which could has an adverse effect on its results of operations, cash flows and financial condition.
- The company Has recently started providing the food and beverage ("F&B") services in-house as opposed to third party services, as the company has availed till now. Any failure to maintain the quality and hygiene standards of the food and beverages that its offer will adversely affect its business, results of operations, financial condition, and cash flows.
- The company auditors has provided certain observations in the financial statements for the Financial Years ended March 31, 2026, March 31, 2025, and March 31, 2024.
- The company continued success may rely significantly on the ongoing involvement of its Promoters. If The company were to lose their support or services, it could hinder the effective execution of its business strategy and has a material adverse impact on the company operations, financial condition, performance, and future prospects.
- The company business relies heavily on the expertise and capabilities of its Directors, KMPs, and technically qualified staff. The company future success will depend on its continued ability to attract, develop, and retain skilled professionals. Any failure to does so could adversely impact the company operations, financial performance, and overall business growth
- The company business is subject to certain operational risks, security checks and hygiene levels. Failure to effectively manage operational, safety, hygiene and compliance risks associated with the company amusement park and snow parks may adversely impact its business and financial performance.
- The company invest in capital enhancements at its amusement park and snow parks but may not fully recover these costs, which could adversely impact the company business, financial condition, and results of operations.
- The company Promoters has provided personal guarantees for the company secured loans. Revocation of these may adversely impact on its business, financials, and prospects.
- While the company currently has adequate insurance coverage, the company insurance coverage in the future may not be sufficient or may not adequately protect us against all material hazards, which may adversely affect Its business, results of operations, cash flows and financial condition.
- The company financial performance may vary considerably due to several factors and might not meet the expectations of analysts and investors, which could lead to a decline in our stock price.
- The company has contingent liabilities and commitments, and Its financial condition could be adversely affected if these contingent liabilities or commitments materialize.
- This Red Herring Prospectus contains information from industry sources including the industry report commissioned from CARE Analytics and Advisory Private Limited ("Care") on "Industry Research Report on the India Amusement Park Industry. Prospective investors are advised not to place undue reliance on such information
- The company capacity to distribute dividends in the future will be determined by its earnings, financial health, cash flow, working capital needs, and capital expenditure requirements at that time. the company cannot assure you that we will generate sufficient revenues to cover Its operating expenses and pay such dividends to the Company's shareholders in future consistent with its past practices, or at all.
- The company Promoters and Promoter Group will continue to retain control over the Company, which may limit the ability of other shareholders to influence the outcome of shareholder votes.
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may has an adverse impact on its financial condition and cash flows.
- The company ownership or other interests in the freehold land its hold may be subject to legal uncertainties, which could adversely impact its business, cash flows, financial condition, and results of operations.
- Its subsidiaries i.e. Snow Storm Parks Private Limited and Silver Storm Parks Private Limited are in the same line of business as Its. There are no non-compete agreements between the Company and the Subsidiaries. Its cannot assure that the said entity will not expand which may increase its competition, which may adversely affect the company business operations and financial condition.
- Any variation in the utilisation of the company Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company dependent on contract labour and any disruption to the supply of such contract labour for its projects or the company inability to control the composition and cost of the company contract labour could adversely affect its business, results of operations, financial condition, and cash flows. Also, Its may be subject to labour unrest and increased employee costs, which may adversely impact the company business and results of operations.
- The company has issued Equity Shares during the preceding twelve (12) months at prices that may be lower than the Issue Price.
- The company required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business, and if the company fail to does so in a timely manner or at all, Its may be unable to fully or partially operate the company business and Its results of operations may be adversely affected.
- The Company has availed an unsecured loan from related parties, which are repayable on demand. Any demand for repayment of such unsecured loans may affect its cash flows and financial condition.
- Any downgrade in the company credit ratings, in the future, could increase its borrowing costs, affect the company ability to obtain financing, and adversely affect its business, results of operations and financial condition.
- A significant portion of the company visitors comprises school children and corporate outings. Serving this segment involves unique risks, including safety concerns, seasonal fluctuations, and changing school and corporate policies, any of which could adversely impact its business, reputation, and financial performance.
- Cyber security risks and the failure to maintain the integrity of internal or customer data could expose it to data loss and liability and the company reputation could be significantly harmed.
- The company Group Company has reported losses in past three financial years.
- If the company unsuccessful in implementing its strategies, particularly the company growth strategy, its business, financial condition, results of operations, and cash flows may be adversely affected.
- Its may require additional equity or debt in the future in order to continue to grow our business, which may not be available on favourable terms or at all.
Silverstorm Parks and Resorts Ltd Peer Comparison
Understand the company’s industry standing
Silverstorm Parks & Resorts Ltd
Wonderla Holidays Limited
Imagicaaworld Entertainment Limited
Face Value
10
10
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
43.58
518.77
373.85
EPS-Basis
12.59
12.89
0.01
EPS-Diluted
11.59
12.83
0.01
NAV Per Share
44.2
283.2
22.16
P/E-Basic EPS
---
36.65
4,701.00
P/E-Diluted EPS
---
---
---
RONW(%)
30.98
4.64
0.05
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 24 Jul 2026 & closes on 28 Jul 2026.
Silverstorm Parks & Resorts Limited was incorporated as 'Silverstorm Amusement Parks Private Limited', a Private Limited company in Kochi, Kerala dated October 07, 1998, with the Registrar of Companies. Company's name was further changed from 'Silverstorm Amusement Parks Private Limited' to 'Silverstorm Parks and Resorts Private Limited' on July 17, 2025. Thereafter, it got converted into a Public Limited Company and the name of the Company changed to 'Silverstorm Parks and Resorts Limited' dated October 28, 2025, issued by the Central Processing Centre. The Company is primarily engaged in the business of running Amusement Parks.
Company is an integrated amusement destination with an amusement cum water park, a snow park, an integrated resort and an upcoming aerial cable car project near Athirappilly Waterfalls in Thrissur, Kerala. It is one of the renowned and established players in the region and set to become the first amusement park in the region to offer a cable car for tourist. The Athirappilly Theme Park was the introduction of Kerala's first indoor snow park under brand name 'Snow Storm' in 2017, which now offers various water-based rides and amusement rides.
In April 2023, Company launched several new water rides, enhancing the appeal for both first-time and repeat visitors. Apart from Athirappilly, Company set up a snow park in Jamshedpur, Jharkhand which started operations in October 2025 and are setting up a new snow park and family entertainment center at Lucknow, Uttar Pradesh which is said to be operationalized by second quarter of CY 2026.
In addition to amusement cum water park and snow park at Athirappilly Theme Park, Company operate 8 well appointed rooms under the brand 'Silver Storm Resort', designed to offer multi-day visitor experiences. The resort comprises with a boardroom, conference facilities, a multi-cuisine restaurant and recreation zones. The integration of in-park accommodation facilities enables us to cater staycation guests and institutional group bookings.
Company has filed a Draft Red Herring Prospectus with SEBI & is planning the IPO by issuing 62,00,000 equity shares of Rs 10 each through fresh issue.
Silverstorm Parks and Resorts Ltd IPO will close on 28 Jul 2026.
- India's first integrated fun destination offering amusement cum water park, snow park, cable car and resort at a strategic tourist location.
- Established track record with over two and a half decades of market presence and brand recognition.
- Experienced promoters and dedicated senior management team with industry knowledge
- Strong institutional marketing and regional sales network
- High safety and hygiene standards.
- Prudent capital allocation and consistent financial performance.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Puthiyaveettil Kuvaka Kunhimon | 2526579 | 15.33 | 2526579 | 11.14 |
| 2 | Shalimar Antharathara Ibrahim | 4530399 | 27.49 | 4530399 | 19.98 |
| 3 | Mohammed Hazim A S | 10000 | 0.06 | 10000 | 0.04 |
| 4 | Abdul Hasis | 2073800 | 12.58 | 2073800 | 9.15 |
| 5 | Valiyaveetil Abdul Rasheed Si | 1038100 | 6.3 | 1038100 | 4.58 |
| 6 | Mangalathu Sankaran Chandran | 735600 | 4.46 | 735600 | 3.24 |
| 7 | Sippy Jose | 559680 | 3.4 | 559680 | 2.47 |
| 8 | Sabeej V E | 86150 | 0.52 | 86150 | 0.38 |
- The company has not entered into annual maintenance contracts for the machinery, building, and other equipment used, except the Diesel Generator set used in its Athirappilly Theme Park and Athirappilly Snow Storm. Although the company has a comprehensive in-house team for maintenance and management of its amusement park and snow parks, any unexpected accident, malfunction or mechanical breakdown of machinery at the company amusement park and snow parks could disrupt operations, result in increased maintenance or replacement costs, and adversely affect its business, financial condition, and results of operations.
- The company business is subject to seasonal and cyclical variations in Footfalls at its Athirappilly Theme Park and may be affected by weather conditions, school vacations, public holidays and weekends and may has a disproportionate effect on its results of operations.
- Its operations entail certain fixed and recurring expenses, and the company inability to manage expenses may has an adverse effect on its business, results of operations, financial condition, and cash flows.
- The company has a large number of personnel deployed across its amusement cum water theme park and snow park; consequently, Its may be exposed to service-related claims and losses or employee disruptions that could has an adverse effect on its reputation, business, results of operations, financial condition, and cash flows.
- The Company has filed certain legal proceedings against the State of Kerala, Union of India and certain social media platforms, including YouTube and Google. If no relief is granted to the Company in any of these legal proceedings, it may has a material adverse impact on its business operations, financial condition, and reputation.
- The company business is partly dependent on factors beyond its control, including levels of discretionary consumer spending, changes in Footfall patterns, and general economic conditions. Any adverse shifts in these factors could lead to a decline in Footfall and has a material negative impact on its business operations and financial results.
- The company dependent on third-party suppliers, transportation providers and vendors, and any disruption, delay or increase in costs could adversely affect its business, results of operations and financial condition.
- The company has historically derived and are expected to derive in future all or majority of its revenue from the company Athirappilly Theme Park. Any adverse developments affecting this park could has an adverse effect on its business, results of operations, financial condition, and cash flows.
- There has been certain instances of non-compliances and/or delay in compliance, including with respect to certain regulatory filings by the Company in the past. Some of its corporate records are not traceable. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Any accident or safety-related mishap at the company amusement parks may expose it to potential financial liabilities, legal proceedings, and adverse publicity. Such incidents can lead to third-party claims and reputational damage, which may adversely impact its business operations, hinder the company expansion plans, and adversely affect its financial condition and results of operations.
- Failure to effectively develop and launch new rides and attractions may negatively impact visitor engagement, limit revenue growth, and adversely affect its business, financial condition, operating results, and future prospects.
- A portion of the company business revenue is derived from other operating revenues such as photography, sale of costumes, gifts, goods from the shops, revenue from accommodation, and other activities within its Water Theme Park. Demand for the company other revenue sources may be adversely affected by the increased it of reduction in disposable income, or a change in consumer preferences.
- The company operations rely heavily on the consistent and adequate supply of electricity and water at reasonable costs. Any disruption or shortage in these essential utilities could hinder its operations and has an adverse impact on its business performance and results of operations.
- The company has negative cash flows in the past and may experience earnings declines or operating losses or negative cash flows in the future.
- The company future growth also depends on its ability to increase Footfalls at the company existing amusement park and snow parks, penetrate deeper into existing and new geographic locations, and increase revenue from other revenue streams, Its inability to does so could adversely and materially affect its growth
- The company funding requirements and the proposed deployment of Net Proceeds has not been appraised by a financial institution or a bank or any other independent agency. Further, the company has not entered into definitive arrangements with some of the vendors to utilize certain portions of the Net Proceeds of the Issue. the company has relied on the quotations received from third parties for estimation of the cost for its capital expenditure requirements and has not been independently appraised by a bank or a financial institution. If the company unable to deploy the proceeds of the Issue in a timely or an efficient manner, it may affect its business, results of operations and financial condition.
- The company has previously engaged in certain related-party transactions and may continue to enter into such transactions in the future, which could potentially give rise to conflicts of interest.
- Negative customer experiences or negative publicity surrounding the company amusement park and snow parks could has an impact on ability to source customers. Its may also incur higher expenses towards business promotion in the future including for the promotion of the company new Lucknow Snow Park and FEC and Cable Car Project at Athirappilly, to source more customers which may has an adverse impact on its business, results of operations, financial condition and cash flows.
- The company expansion projects, including the proposed Cable Car Project at Athirappilly and Lucknow Snow Park and FEC, involve significant capital expenditure funded substantially through debt and equity. Any delays, cost overruns or regulatory hurdles may adversely affect its business, financial condition, results of operations, and cash flows
- The Company's logo is not registered as on date of the Red Herring Prospectus. Its may be unable to adequately protect the company intellectual property. Furthermore, Its may be subject to claims alleging breach of third-party intellectual property rights.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the Objects of the Issue. Any shortfall in raising/meeting the same could adversely affect its growth plans, business operations and financial condition.
- The success of the company business is dependent on its ability to anticipate and respond to customer requirements. Its business may be affected if the company unable to identify and understand contemporary and evolving customer preferences or if the company unable to deliver quality service as compared to its competitors.
- The entertainment and recreational industry are intensely competitive and the company inability to compete effectively may adversely affect its business, results of operations, financial condition and cash flows. Further, a significant portion of its revenue is derived from the sale of entry tickets. Increased competition from other amusement cum water theme parks may compel it to reduce ticket prices, which could adversely impact its business, financial condition, and results of operations.
- The company amusement park and snow parks' operations are vulnerable to natural disasters and adverse weather conditions, which could negatively impact Its business, financial condition, results of operations, and future prospects.
- The company inability to meet its obligations, including financial and other covenants under the company credit facilities, could adversely affect the company business and financial results. Its may require additional equity or debt in the future in order to continue to grow its business, which may not be available on favourable terms or at all.
- The company business is capital-intensive and may require additional financing to meet those requirements, which could has an adverse effect on its results of operations, cash flows and financial condition.
- The company Has recently started providing the food and beverage ("F&B") services in-house as opposed to third party services, as the company has availed till now. Any failure to maintain the quality and hygiene standards of the food and beverages that its offer will adversely affect its business, results of operations, financial condition, and cash flows.
- The company auditors has provided certain observations in the financial statements for the Financial Years ended March 31, 2026, March 31, 2025, and March 31, 2024.
- The company continued success may rely significantly on the ongoing involvement of its Promoters. If The company were to lose their support or services, it could hinder the effective execution of its business strategy and has a material adverse impact on the company operations, financial condition, performance, and future prospects.
- The company business relies heavily on the expertise and capabilities of its Directors, KMPs, and technically qualified staff. The company future success will depend on its continued ability to attract, develop, and retain skilled professionals. Any failure to does so could adversely impact the company operations, financial performance, and overall business growth
- The company business is subject to certain operational risks, security checks and hygiene levels. Failure to effectively manage operational, safety, hygiene and compliance risks associated with the company amusement park and snow parks may adversely impact its business and financial performance.
- The company invest in capital enhancements at its amusement park and snow parks but may not fully recover these costs, which could adversely impact the company business, financial condition, and results of operations.
- The company Promoters has provided personal guarantees for the company secured loans. Revocation of these may adversely impact on its business, financials, and prospects.
- While the company currently has adequate insurance coverage, the company insurance coverage in the future may not be sufficient or may not adequately protect us against all material hazards, which may adversely affect Its business, results of operations, cash flows and financial condition.
- The company financial performance may vary considerably due to several factors and might not meet the expectations of analysts and investors, which could lead to a decline in our stock price.
- The company has contingent liabilities and commitments, and Its financial condition could be adversely affected if these contingent liabilities or commitments materialize.
- This Red Herring Prospectus contains information from industry sources including the industry report commissioned from CARE Analytics and Advisory Private Limited ("Care") on "Industry Research Report on the India Amusement Park Industry. Prospective investors are advised not to place undue reliance on such information
- The company capacity to distribute dividends in the future will be determined by its earnings, financial health, cash flow, working capital needs, and capital expenditure requirements at that time. the company cannot assure you that we will generate sufficient revenues to cover Its operating expenses and pay such dividends to the Company's shareholders in future consistent with its past practices, or at all.
- The company Promoters and Promoter Group will continue to retain control over the Company, which may limit the ability of other shareholders to influence the outcome of shareholder votes.
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may has an adverse impact on its financial condition and cash flows.
- The company ownership or other interests in the freehold land its hold may be subject to legal uncertainties, which could adversely impact its business, cash flows, financial condition, and results of operations.
- Its subsidiaries i.e. Snow Storm Parks Private Limited and Silver Storm Parks Private Limited are in the same line of business as Its. There are no non-compete agreements between the Company and the Subsidiaries. Its cannot assure that the said entity will not expand which may increase its competition, which may adversely affect the company business operations and financial condition.
- Any variation in the utilisation of the company Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company dependent on contract labour and any disruption to the supply of such contract labour for its projects or the company inability to control the composition and cost of the company contract labour could adversely affect its business, results of operations, financial condition, and cash flows. Also, Its may be subject to labour unrest and increased employee costs, which may adversely impact the company business and results of operations.
- The company has issued Equity Shares during the preceding twelve (12) months at prices that may be lower than the Issue Price.
- The company required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business, and if the company fail to does so in a timely manner or at all, Its may be unable to fully or partially operate the company business and Its results of operations may be adversely affected.
- The Company has availed an unsecured loan from related parties, which are repayable on demand. Any demand for repayment of such unsecured loans may affect its cash flows and financial condition.
- Any downgrade in the company credit ratings, in the future, could increase its borrowing costs, affect the company ability to obtain financing, and adversely affect its business, results of operations and financial condition.
- A significant portion of the company visitors comprises school children and corporate outings. Serving this segment involves unique risks, including safety concerns, seasonal fluctuations, and changing school and corporate policies, any of which could adversely impact its business, reputation, and financial performance.
- Cyber security risks and the failure to maintain the integrity of internal or customer data could expose it to data loss and liability and the company reputation could be significantly harmed.
- The company Group Company has reported losses in past three financial years.
- If the company unsuccessful in implementing its strategies, particularly the company growth strategy, its business, financial condition, results of operations, and cash flows may be adversely affected.
- Its may require additional equity or debt in the future in order to continue to grow our business, which may not be available on favourable terms or at all.
The Issue type of Silverstorm Parks and Resorts Ltd is Book Building - SME.
The minimum application for shares of Silverstorm Parks and Resorts Ltd is 2000.
The total shares issue of Silverstorm Parks and Resorts Ltd is 6198000.
Initial public issue of 61,98,000 equity shares of face value of Rs. 10/- each of Silverstorm Parks and Resorts Limited (formerly known as Silverstorm Amusement Parks Private Limited and Silverstorm Parks and Resorts Private Limited)', ("SPRL" or "Silverstorm" or the "Company" or the "Issuer") for cash at a price of Rs. 133 per equity share including a share premium of Rs. 123 per equity share (the "Issue Price") aggregating to Rs.82.43 Crores ("The Issue"/"Fresh Issue"), of which 3,11,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 133 per equity share including a share premium of Rs. 123 per equity share aggregating to Rs. 4.14 Crores was reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 58,87,000 equity shares of face value of Rs. 10/- each at a price of Rs. 133 per equity share including a share premium of Rs. 123 per equity share aggregating to Rs. 78.30 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.33% and 25.96%, respectively, of the post issue paid up equity share capital of the company.
Price Band: Rs. 133 per equity share of face value of Rs. 10/- each.
The floor price is 13.3 times the face value of the equity shares.
Bids can be made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.