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Silverstorm Parks Raises ₹22 Crore From Anchor Investors Ahead of IPO
Silverstorm Parks raised ₹21.97 crore from 14 anchor investors at ₹133 apiece. The ₹82.4 crore SME IPO opens for public subscription on July 25, with a tentative listing on July 31.
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Silverstorm Parks and Resorts, an integrated amusement destination operator, raised ₹21.97 crore from 14 anchor investors on Thursday, a day before its ₹82.4 crore initial public offering opened for public subscription.
The BSE SME issue, priced at ₹123-133 per share, will close on July 28. The company allotted 16.52 lakh shares to anchor investors, including Mauritius-based Radiant Global Fund and SMC India Opportunities Fund, at the upper end of the price band, according to a circular on the BSE website.
The IPO is a fresh issue of up to 61.98 lakh shares. At the upper price band, the company will fetch ₹82.43 crore. Net proceeds will fund the setting up of a Lucknow Snow Park and FEC, expansion and upgradation of the existing Athirappilly Theme Park in Kerala, debt repayment, and general corporate purposes.