Rajani Associates acts on Silver Storm Parks IPO

Silverstorm Parks and Resorts Limited has made an Initial Public Offering of equity shares aggregating to ₹82.43 crore.

Rajani Associates advised Silver Storm, as well as the book running lead manager Vivro Financial Services Private Limited, on this IPO. The Firm's role included conducting legal and secretarial diligence; drafting, reviewing and finalizing all chapters of the Draft Red Herring Prospectus, Red Herring Prospectus and Prospectus; preparing and finalizing responses to queries raised by the BSE; preparing and finalising all agreements; and vi. preparing and finalising all ancillary documents.

The transaction team consisted of Sangeeta Lakhi (Senior Partner), Associates Sommya Khandelwal, Shubh Poddar, Addvit Shrivastava and Rishi Sharma.

Silver Storm Parks and Resorts is a premier amusement and water theme park located near the Athirapilly waterfalls in Kerala, India.

The proceeds of the IPO are proposed to be used for setting up a Snow Park in Lucknow and expanding and upgrading the Athirappilly Theme Park.

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