Silverstorm Parks raises ₹22 crore from anchors ahead of ₹82.43 crore SME IPO
The Kerala leisure operator allotted 16.52 lakh shares to 14 anchor investors. IPO proceeds are earmarked for a Lucknow snow park and family entertainment centre, Athirappilly park upgrades, debt repayment and general corporate purposes.
Kerala-based Silverstorm Parks and Resorts raised ₹21.97 crore from anchors ahead of its ₹82.43 crore SME IPO. Funds will support a Lucknow Snow Park and family entertainment centre, upgrade its Athirappilly theme park, repay debt and fund corporate needs.
Why this matters
The anchor round advances Silverstorm Parks and Resorts' recently disclosed plan to raise about ₹82 crore through an SME IPO for park expansion and debt repayment.
retail-company is accelerating, up 1,074,100% QoQ.