Silverstorm Parks Resorts Ipo
Silverstorm Parks & Resorts IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Vivro Financial Services Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 24, 2026 |
| IPO Close Date | July 28, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹123 to ₹133 Per Share |
| Issue Size | Approx ₹82.43 Crores |
| Fresh Issue | Approx ₹82.43 Crores |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2000 | ₹2,66,000 |
| Retail Maximum | 2 | 2000 | ₹2,66,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,99,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,31,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,64,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 16,52,000 Shares | 26.65% |
| QIB (Ex. Anchor) | 12,85,000 Shares | 20.73% |
| NII Shares Offered | 8,88,000 Shares | 14.33% |
| Retail Shares Offered | 20,62,000 Shares | 33.27 |
| Anchor Bidding Date | July 23, 2026 |
| Anchor Investors List | |
| Shares Offered | 16,52,000 Shares |
| Anchor Size | 21.97 Cr. |
| lock-in period end date 50% shares (30 Days) | Aug 28, 2026 |
| lock-in period end date 50% shares (90 Days) | Oct 27, 2026 |
| IPO Open Date: | July 24, 2026 |
| IPO Close Date: | July 28, 2026 |
| Basis of Allotment: | July 29, 2026 |
| Refunds: | July 30, 2026 |
| Credit to Demat Account: | July 30, 2026 |
| IPO Listing Date: | July 31, 2026 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,64,78,736 | 70.15% |
| Promoter Holding Post Issue | 2,26,76,736 | 50.98% |
| Purpose | Crores |
| Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC | ₹26.12 |
| Funding capital expenditure in relation to the expansion and upgradation of the existing Athirappilly Theme Park, Kerala | ₹15.14 |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | ₹24.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹19.11 | ₹16.75 | ₹0.97 | ₹112.02 |
| 2025 | ₹31.64 | ₹18.10 | ₹9.71 | ₹151.60 |
| 2026 | ₹44.85 | ₹18.25 | ₹19.10 | ₹214.09 |
| KPI | Values |
| ROE: | 30.98% |
| ROCE: | 25.22% |
| EBITDA Margin: | 67.37% |
| PAT Margin: | 42.59% |
| Debt to equity ratio: | 0.89 |
| Earning Per Share (EPS): | ₹12.59 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.98% |
| Net Asset Value (NAV): | ₹44.20 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Wonderla Holidays Limited | 12.89 | 36.65 | 4.64% | 283.20 | 518.77 Cr. |
| Imagicaaworld Entertainment Limited | 0.01 | 4,701.00 | 0.05% | 22.16 | 373.85 Cr. |
| Nicco Parks & Resorts Limited | (0.58) | NA | 10.74% | 22.35 | 66.35 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |