Silverstorm Parks and Resorts launched its initial public offering (IPO) on July 24, offering nearly 62 lakh fresh shares with a face value of ₹10 each. The IPO is listed on the BSE SME platform and will remain open for subscription until July 28, 2026, with a price band set between ₹123 and ₹133 per share, according to livemint.com.
The IPO consists entirely of a fresh issue, aiming to raise capital to support the company’s operations and expansion plans. Silverstorm Parks and Resorts operates theme parks, and this public offering marks its first step into the equity markets. The subscription period spans five days, allowing investors to participate in the offering through the BSE SME platform, as detailed by livemint.com.
This IPO adds to the growing number of SME listings on the BSE, providing smaller companies access to public capital markets. The price band of ₹123-₹133 positions Silverstorm Parks and Resorts competitively among other leisure and entertainment sector listings. The fresh issue approach indicates the company’s intent to raise funds for growth rather than provide an exit for existing shareholders, a common strategy for SMEs seeking expansion capital.
The subscription window for Silverstorm Parks and Resorts’ IPO closes on July 28, 2026. Investors can apply through the BSE SME platform until the deadline, after which the allotment process will begin, as reported by livemint.com.