Silver Storm launches IPO to accelerate leisure and entertainment expansion
September 30, 2026
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Indian attractions operator Silver Storm Parks and Resorts has launched an initial public offering as it seeks capital to expand its leisure portfolio. It is looking to raise INR82.43 crore (US$9.3m) through the sale of 6,198,000 shares, with each share valued between INR123 and INR133 (US$1.39). The company was founded in 1998 and operates a water park, amusement park and indoor snow park in its home state of Kerala. It also operates an indoor snow park in Jamshedpur and is looking to open an FEC in Lucknow. According to leisureopportunities.co.uk, proceeds from the IPO will be used to fund the Lucknow project and reduce its debt. Its most recent results saw revenue increase to INR44.85 crore for FY2026, while profit also roses to INR19.1 crore.