Silverstorm Parks and Resorts has filed a Draft Red Herring Prospectus (DRHP) with the BSE SME Exchange for an upcoming IPO of up to 62 lakh equity shares. The company plans to use the funds raised for business expansion, including setting up a new Snow Park and Family Entertainment Centre in Lucknow, upgrading its existing theme park in Kerala, repaying borrowings, and general corporate needs. Silverstorm currently operates an integrated amusement destination in Thrissur, Kerala, featuring a theme park, indoor snow park, and resort.