Silver Storm Parks & Resorts Limited Successfully Concludes IPO
Mumbai (Maharashtra) [India], August 3: Silver Storm Parks & Resorts Limited, one of India’s leading tourism and theme park chains, has successfully concluded its Initial Public Offering (IPO), raising ₹82.43 crore.
The Qualified Institutional Buyers (QIB) category was subscribed 1.81 times, attracting applications worth ₹31.02 crore. The Retail Individual Investors (RII) category was subscribed 1.41 times, receiving applications worth ₹38.73 crore, while the Non-Institutional Investors (NII) category witnessed a subscription of 3.19 times, garnering applications worth ₹37.64 crore. The company also raised ₹21.97 crore from Anchor Investors and ₹4.14 crore from the Market Maker.
Vivro Financial Services Private Limited acted as the Book Running Lead Manager to the issue, while MUFG Intime India Private Limited served as the Registrar to the Issue.
Silver Storm Parks & Resorts Limited is a leading tourism enterprise operating theme parks and resorts under the ‘Silver Storm’ and ‘Snow Storm’ brands in Athirappilly, Kerala, and Jamshedpur, Jharkhand. Located near the iconic Athirappilly Waterfalls, the Athirappilly destination has emerged as a preferred getaway for domestic tourists, educational institutions, corporate groups, and families.
