This entry is part 3 of 6 in the series IPO 2014-15

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 Unfortunately, we could not get stock quote 538635 this time.. 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. Unfortunately, we could not get stock quote 538635 this time.

Issue Details

IPOSnowman Logistics Ltd
Issue Open26 August 2014
Issue Close28 August2014
Issue Size 42,000,000 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
Listing NSE / BSE
IPO Grade4/5 by CRISIL
 Payment Schedule for Retail Application 
No. of SharesPrice per ShareCheque Amount (Rs)
3004714100
6004728200
9004742300
12004756400
15004770500
18004784600
21004798700
240047112800
270047126900
300047141000
33047155100
360047169200
390047183300
420047197400

Company Profile

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

Subscription Details

Subscription Data for 

QIBNIIRetailTotal
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

 

Allotment Listing

 

shortly updated isin / script code details -Current Price – Unfortunately, we could not get stock quote SNOWMAN this time.

Registrar of Issue     :   Link Intime

Listing                           :    NSE & BSE