Listed SME IPO SPRL

Silverstorm Parks IPO GMP & Allotment

Silverstorm Parks and Resorts Limited, incorporated in 1998, operates an amusement-cum-water theme park, indoor snow parks, and related resort facilities. The company’s primary operational hub is the Athirappilly Theme Park in Kerala, which features high-thrill rides, water attractions, an indoor snow park, and resort accommodation. It generates revenue primarily through entry ticket sales, along with supplementary revenue streams from food and beverage services, photography, merchandise, and retail sales. SPRL is expanding its footprint with projects such as an ongoing 1.2 km ropeway cable car project at Athirappilly and a new snow park facility in Lucknow, Uttar Pradesh, while maintaining existing operations in Jharkhand. Operating on a capital-intensive model, the business caters significantly to family visitors, school groups, and corporate outings.

IPO Price Band
₹123.00 - ₹133.00
Lot Size
1,000 Shares
Bidding Closes
28 Jul 2026
Listing Date
31 Jul 2026
Quick Answer & Highlights

Silverstorm Parks IPO GMP Today & Key Takeaways

Last updated: 27 Jul 2026

Silverstorm Parks IPO officially listed on 31 Jul 2026 at Rs 94.00, delivering a -29.32% listing gain compared to its issue price of Rs 133.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.

Silverstorm Parks IPO officially listed on 31 Jul 2026 at ₹94.00, delivering a -29.32% listing gain compared to its issue price of ₹133.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.

Key Metric Figure Status / Context
Current GMP ₹0 +0% vs upper band (27 Jul 2026)
Est. Listing Price ₹94.00 -29.32% Est. Listing Gain
Price Band ₹123.00 - ₹133.00 SME IPO
Retail Minimum Investment ₹2,66,000 2 Lot (1,000 Shares)
Bidding Window 24 Jul 2026 – 28 Jul 2026 Listed
Allotment & Listing Dates Allotment: 29 Jul 2026 Listing: 31 Jul 2026
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IPO Details

Complete IPO information

Silverstorm Parks IPO Details and Specifications
IPO Open Date 24 Jul 2026
IPO Close Date 28 Jul 2026
IPO Price Band ₹123.00 - ₹133.00
Lot Size 1,000 Shares
Current GMP ₹0
Estimated Listing Gain -29.32%
Issue Size Approx ₹82.43 Cr
Fresh Issue -
Issue Type SME
IPO Listing NSE, BSE
Retail Quota TBA
Registrar TBA
Overall Subscription 1.84x
Minimum Investment ₹2,66,000
DRHP Draft Prospectus -
RHP Draft Prospectus -
Analysis

IPO Snapshot & Investor Takeaways

At the upper end of its price band, Silverstorm Parks is priced at ₹133 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,66,000 to participate in this SME issue.

The latest recorded Grey Market Premium for Silverstorm Parks stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.

As of the latest update, Silverstorm Parks's IPO was subscribed 1.84x overall, with a category-wise breakdown of Retail 1.41x, QIB 1.81x.

Among the strengths highlighted in Silverstorm Parks's IPO documents: SPRL operates a 17.38-acre flagship park at Athirappilly featuring 41 rides, an indoor snow park, three restaurants, and resort accommodation.; The company generates revenue from multiple streams, including entrance tickets, food and beverages, resort stays, photography, and merchandise sales..

Investors should also weigh the risk factors Silverstorm Parks has disclosed, including: SPRL historically derives almost all of its operational revenue from a single property, the Athirappilly Theme Park..

A share of Silverstorm Parks's issue proceeds is earmarked for Repayment Of Borrowings: 24 (29.12%).

SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.

Timeline

IPO roadmap at a glance

✓
Bidding Opens 24 Jul 2026
✓
Bidding Closes 28 Jul 2026
✓
Allotment 29 Jul 2026
✓
Listing 31 Jul 2026
Silverstorm Parks IPO Timeline and Important Dates Schedule
Event / Milestone Scheduled Date Status
Bidding Opens 24 Jul 2026 Completed
Bidding Closes 28 Jul 2026 Completed
Allotment 29 Jul 2026 Completed
Listing 31 Jul 2026 Completed
Grey Market Premium

Daily GMP status

Trend chart builds up as more daily GMP snapshots are recorded.

Silverstorm Parks IPO Daily Grey Market Premium (GMP) Trend & Price History
Date GMP Change Gain
27 Jul 2026 ₹0.00 - 0.00%
Swipe to see more →
Market Lot

Application size breakdown

Silverstorm Parks IPO Market Lot & Application Breakdown
Category Lots Shares Amount
Retail Minimum 2 Lot 2,000 ₹2,66,000
Retail Maximum 2 Lot 2,000 ₹2,66,000
S-HNI Minimum 3 Lot 3,000 ₹3,99,000
S-HNI Maximum 7 Lot 7,000 ₹9,31,000
B-HNI Minimum 8 Lot 8,000 ₹10,64,000
Swipe to see more →
Fund Utilization

Objects of the Issue & Official Documents

  • Repayment Of Borrowings 24 (29.12%)
  • General Corporate Purpose 17.17 (20.82%)
Issue Notes

Important takeaways before applying

Strengths

  • SPRL operates a 17.38-acre flagship park at Athirappilly featuring 41 rides, an indoor snow park, three restaurants, and resort accommodation.
  • The company generates revenue from multiple streams, including entrance tickets, food and beverages, resort stays, photography, and merchandise sales.
  • SPRL maintains a dedicated in-house technical team of 123 personnel to handle daily ride maintenance, safety checks, and operations.
  • The company is expanding its indoor snow park footprint under the Snow Storm brand across Athirappilly, Jamshedpur, and Lucknow.
  • The flagship theme park is strategically positioned near Athirappilly Waterfalls to capitalise on regional tourist footfalls.

Risks

  • SPRL historically derives almost all of its operational revenue from a single property, the Athirappilly Theme Park.
  • The company does not maintain annual maintenance contracts for most of its rides, machinery, and equipment.
  • The business is highly seasonal, with quarterly fluctuations in visitor footfall and revenue.
  • SPRL has reported negative net cash flows from investing activities across past fiscal years.
  • The company has experienced past regulatory non-compliances and has untraceable corporate records for historical share allotments.
Analysis

Silverstorm Parks & Resorts IPO Reservation

Silverstorm Parks & Resorts Limited has allocated the IPO shares among various investor categories in accordance with the SEBI regulations applicable to book-built public issues. The issue is reserved for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), providing balanced participation across different classes of investors.

The anchor investor allocation, if any, will be completed before the IPO opens for subscription. After the anchor placement, the remaining shares will be allocated to eligible investor categories as per the prescribed reservation percentages.

Investor Category Shares Offered Shares (%)
Anchor Investor – Shares -%
QIB (Ex. Anchor) – Shares 50%
NII Shares Offered – Shares 15%
Retail Shares Offered – Shares 35%
Note: The exact number of shares reserved for each category will be announced after the completion of the anchor investor allocation and as disclosed in the final IPO documents.
Analysis

Silverstorm Parks & Resorts IPO Anchor Investors

The Anchor Investor bidding for the Silverstorm Parks & Resorts IPO is scheduled for July 23, 2026, one business day before the public subscription begins. The anchor portion is reserved for eligible Qualified Institutional Buyers (QIBs) and is intended to bring institutional participation and confidence to the public issue.

The final list of anchor investors, total shares allotted, and the value of the anchor investment will be announced after the completion of the anchor allocation process. These details are generally published before the IPO opens for public bidding.

Particular Details
Anchor Bidding Date July 23, 2026
Anchor Investors List PDF
Shares Offered [.] Shares
Anchor Size [.] Cr.
Lock-in Period End Date (50% Shares – 30 Days) 2026
Lock-in Period End Date (Remaining 50% Shares – 90 Days) 2026
Note: The exact anchor allocation, investor names, number of shares allotted, investment amount, and lock-in expiry dates will be updated after the completion of the anchor book allocation.
Analysis

Silverstorm Parks IPO Dates

Particular Dates
IPO Open Date 24 Jul 2026
IPO Close Date 28 Jul 2026
Basis of Allotment 29 Jul 2026
Refunds -
Credit to Demat Account -
IPO Listing Date 31 Jul 2026

Note: The timeline for Silverstorm Parks IPO is tentative and subject to change.

Analysis

Silverstorm Parks & Resorts IPO Promoters and Holding Pattern

Silverstorm Parks & Resorts Limited is promoted by Puthiyaveettil Kuvaka Kunhimon Mohamed Abdul Jaleel and Shalimar Antharathara Ibrahim. The promoters have played a key role in establishing the company's presence in the hospitality and resort industry and continue to guide its long-term business strategy and expansion plans.

Following the completion of the IPO, the promoters will continue to retain a significant stake in the company. Although their shareholding percentage will reduce due to the fresh issue of equity shares, they are expected to remain the controlling shareholders, demonstrating their continued commitment to the company's future growth.

Particular Shares % Share
Promoter Holding Pre Issue 1,64,78,736 70.15%
Promoter Holding Post Issue 2,26,76,736 50.98%
Note: The post-issue promoter holding is based on the proposed IPO structure. The promoters are expected to continue as the majority stakeholders and remain actively involved in the management and strategic direction of Silverstorm Parks & Resorts Limited.
Analysis

Silverstorm Parks Objects of the Issue & Utilisation of Proceeds

To Be Updated Soon

Analysis

Silverstorm Parks & Resorts - About IPO

To be updated soon

Analysis

Silverstorm Parks Company Financials

To Be Updated Soon

Analysis

Silverstorm Parks Company Valuation – FY2026

To Be Updated Soon

Analysis

Silverstorm Parks IPO Peer Group Comparison

To Be Updated Soon

Analysis

IPO Lead Managers aka Merchant Bankers

  • Vivro Financial Services Pvt. Ltd. 
Comparison

Compare Silverstorm Parks IPO with similar IPOs

FAQ

Silverstorm Parks IPO FAQs

Silverstorm Parks IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Silverstorm Parks IPO price band is Rs 123.00 to Rs 133.00. Check the latest issue price, lot size and GMP together before applying.
Silverstorm Parks IPO open date is 24 Jul 2026, close date is 28 Jul 2026, and listing date is 31 Jul 2026.
Silverstorm Parks IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,66,000.
Silverstorm Parks is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Silverstorm Parks IPO subscription status currently shows Retail 1.41x, QIB 1.81x, Overall 1.84x.
Silverstorm Parks and Resorts Limited, incorporated in 1998, operates an amusement-cum-water theme park, indoor snow parks, and related resort facilities. The company’s primary operational hub is the Athirappilly Theme Park in Kerala, which features high-thrill rides, water attractions, an indoor snow park, and resort accommodation. It generates revenue primarily through entry ticket sales, along with supplementary revenue streams from food and beverage services, photography, merchandise, and retail sales. SPRL is expanding its footprint with projects such as an ongoing 1.2 km ropeway cable car project at Athirappilly and a new snow park facility in Lucknow, Uttar Pradesh, while maintaining existing operations in Jharkhand. Operating on a capital-intensive model, the business caters significantly to family visitors, school groups, and corporate outings.
Silverstorm Parks IPO issue size is 82.43 and the expected allotment date is 29 Jul 2026.
In our empirical study of 104 Indian IPO listings, positive GMP was followed by a positive listing gain 69.9% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 7.8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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