Upcoming SME IPO, Jan. 2 -- Silverstorm Parks and Resorts, an integrated amusement destination, has filed its draft red herring prospectus (DRHP) with BSE SME in preparation for its upcoming IPO. The issue will comprise up to 62,00,000 equity shares with a face value of Rs.10 each.

The objective of the issue is to fund capital expenditure related to the setup of Lucknow Snow Park and FEC, expansion and upgradation of the existing theme park, repayment of certain borrowings, and to meet general corporate purposes, as per the company's press release.

The company filed its DRHP with the capital markets regulator, the Securities and Exchange Board of India (SEBI), on December 26, 2025.

Details such as the IPO size, price band, lot size, an...