Silverstorm Parks and Resorts Files DRHP for SME IPO

Silverstorm Parks and Resorts, a company that runs theme parks and snow parks, has taken a big step to raise money.

They filed some important papers to start an IPO, which means they want to sell shares of their company to the public.

The money they get will help them build new things, like a snow park in Lucknow and improve their existing parks.

They also want to pay off some of their debts.

The company has a big park near the Athirappilly waterfalls in Kerala, which has attracted over 1.5 million visitors in the last few years.

They also have parks in Jamshedpur and are planning one in Lucknow.

The company made ₹31 crore in revenue last year and is planning to add more fun rides and attractions.