IPO Snowman Logistics Ltd – Aug 2014


Snowman Logistics Ltd is coming up with a further Public Offer  (IPO) of its shares between 26 August 2014  to 28 August 2014. The price band of issue is Rs. 44 to Rs. 47 per equity Share [stock_quote symbol=”538635″]. Snowman is engaged in cold chain warehousing and transport and value added services for perishable goods. The largest shareholder in company Gateway Distriparks Ltd (GDL). 

View : I personally subscribe for this Issue. [stock_quote]

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[wptabtitle] Issue Details[/wptabtitle] [wptabcontent]

IPOSnowman Logistics Ltd
Issue Open26 August 2014
Issue Close28 August2014
Issue Size42,000,000 Equity Shares (184.80 Cr to 197.40 Cr)
Price BandRs. 44- to 47
Bid Lot300 Equity Shares
RegistrarLink Intime
Cheque in Favour of (Retail Investor)SLLIPO Escrow Account - R
NRI (Retail)SLLIPO Escrow Account - NR
ListingNSE / BSE
IPO Grade4/5 by CRISIL
 Payment Schedule for Retail Application
No. of SharesPrice per ShareCheque Amount (Rs)


[wptabtitle] Company Profile[/wptabtitle] [wptabcontent]

About Company

Snowman Logistics Ltd, founded in 1993, is a leading integrated player in a predominantly unorganised cold chain industry in India. Major Shareholder in the Company are GDL (48.33%), Mitsubishi Corp. (12.63%), IFC (12.46%) and Norwest Venture Partner VII-A Mauritius (13.84%).

Snowman was incorporated by Aalagam Food Ltd in 1993 as Snowman Frozen Foods Ltd in 1997, erstwhile Brooks Bond India, acquired 23% stake in company. In 2001, Mitsubishi Corporation bought a majority stake in Snowman. In 2006, GDL became the largest shareholder in the company and revamped snowman’s management structure.

Snowman is engaged  in cold chain warehousing and transport and value added services for perishable goods. In its transport business, the company offers services through primary and secondary transportation. Primary transportation is an intercity service while secondary transportation is an intra-city service. The company provides services to various industries such as seafood, poultry, fruits and vegetables, dairy, ice-cream, food processing, pharmaceuticals and some other niche segments.

Objects of Issue 

The objects of the Issue are:

  • Capital expenditure for setting up new temperature controlled and ambient warehouses
  • Long term working capital
  • General corporate purposes


[wptabtitle] Subscription Details[/wptabtitle] [wptabcontent]

Subscription Data for

Share Offer220500006,300,0004,200,00032,550,000
28 AugSubscribe no of shares
27 AugSubscribe no of shares3286410051807005433570092380500
No of times1.490.3212.942.84
26 AugSubscribe No of shares13637400021243001135830027120000
No of times0.620.342.700.83



[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]


shortly updated isin / script code details -Current Price – [stock_quote symbol=”SNOWMAN”]

Registrar of Issue     :   Link Intime

Listing                           :    NSE & BSE






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