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Snowman Logistics IPO is a book built issue of Rs 197.40 crores.
Snowman Logistics IPO bidding started from August 26, 2014 and ended on August 28, 2014. The shares got listed on BSE, NSE on September 12, 2014.
Snowman Logistics IPO price band is set at ₹44 to ₹47 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹14,100.
Hdfc Bank Limited is the book running lead manager of the Snowman Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Snowman Logistics IPO RHP for detailed information.
| IPO Date | August 26, 2014 to August 28, 2014 |
| Listing Date | September 12, 2014 |
| Face Value | ₹10 per share |
| Price Band | ₹44 to ₹47 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 42,000,000 shares (aggregating up to ₹197.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 124,443,357 |
| Share holding post issue | 166,443,357 |
Snowman Logistics IPO offers 32,550,000 shares. 22,050,000 (67.74%) to QIB, 6,300,000 (19.35%) to NII, 4,200,000 (12.90%) to RII. 14,000 RIIs will receive minimum 300 shares and (sNII) and (bNII) will receive minimum 4,500 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 22,050,000 (67.74%) | NA |
| NII (HNI) Shares Offered | 6,300,000 (19.35%) | |
| Retail Shares Offered | 4,200,000 (12.90%) | 14,000 |
| Total Shares Offered | 32,550,000 (100%) |
Investors can bid for a minimum of 300 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹14,100 |
| Retail (Max) | 14 | 4200 | ₹197,400 |
| Lot Size Calculator | |||
Gateway Distriparks Limited is the Promoter of the Company.
| Share Holding Pre Issue | 54.04% |
| Share Holding Post Issue | 40.41% |
Incorporated in 1993, Snowman Logistics Limited is an integrated temperature controlled logistics service provider with 23 temperature controlled warehouses across 14 locations in India. It caters to industries like - Dairy products including butter and cheese; Ice-cream; Poultry and meat; Sea food; Ready-to-eat / ready-to-cook food products; Confectioneries including chocolate and baked products; Fruits and vegetables; Healthcare and pharmaceutical products; and Industrial products such as x-ray, and photo-imaging, films.
It is the most preferred integrated temperature controlled warehouse and transport logistics company in the organized sector enjoying lion market share. The company has been also providing additional services like repacking of products for direct marketing in retail market to the manufacturers, exporters etc and adding value addition of services to its clients that include Hindustan Unilever, Cadbury, Baskins Robbins etc and has PAN India presence at 14 locations with 23 warehouses and fleet of 370.
Gateway Distriparks Limited is the promoter and the largest shareholder. Company's other shareholders include Mitsubishi Corporation, Mitsubishi Logistics Corporation, International Finance Corporation and Norwest Venture Partners VII–A Mauritius. Snowman Logistics offers blast freezing facilities at its temperature controlled warehouses in Bengaluru, Mevalurkuppam, (near Chennai), Visakhapatnam, Serampore (near Kolkata), Taloja (near Mumbai), Ahmedabad, Palwal (near Delhi), and Mubarakpur (near Chandigarh). Its integrated ‘Source to Stores’ operations comprise warehousing, primary distribution and secondary distribution and value-added services including kitting, labeling, sorting and bulk breaking.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | |
| Total Income | 1,552.33 | 1,141.03 | 641.98 | 475.89 | 369.03 |
| Profit After Tax (PAT) | 232.27 | 198.79 | 49.21 | 63.57 | 40.46 |
| KPI | Values |
|---|---|
| ROE | 18.4% |
| ROCE | 9.9% |
| RoNW | 10.5% |
The objects of the Issue are:
1. Capital expenditure for setting up new temperature controlled and ambient warehouses;
2. Long term working capital; and
3. General corporate purposes.
The Snowman Logistics IPO is subscribed 59.75 times on August 28, 2014 9:30:00 PM. The public issue subscribed 41.26 times in the retail category, 16.98 times in the QIB category, and 221.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 16.98 |
| NII | 221.79 |
| Retail | 41.26 |
| Total | 59.75 |
CRISIL Research has assigned a CRISIL IPO grade of '4/5' (pronounced 'four on five') to the proposed IPO of Snowman Logistics Ltd (Snowman). This grade indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India. The IPO grading is assigned on a five point scale from 1 to 5 with an IPO grade 5 indicating strong fundamentals and IPO grade 1 indicating poor fundamentals.
| Listing Date | September 12, 2014 |
| BSE Script Code | 538635 |
| NSE Symbol | SNOWMAN |
| ISIN | INE734N01019 |
| Final Issue Price | ₹47 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹47.00 |
| ₹75.00 |
| ₹75.00 |
| ₹78.75 |
| ₹78.75 |
| NSE |
|---|
| ₹47.00 |
| ₹76.00 |
| ₹76.00 |
| ₹79.80 |
| ₹79.80 |
Snowman Logistics Ltd
Sy. No. 36/1, Virgonagar,
Old Madras Road, Bandapura Village,
Bidarehalli Hobli, Bengaluru - 560 049
Phone: +91 80 3993 9500
Email: investorrelations@snowman.in
Website: http://www.snowman.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sll.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Snowman Logistics IPO is a main-board IPO of 42,000,000 equity shares of the face value of ₹10 aggregating up to ₹197.40 Crores. The issue is priced at ₹44 to ₹47 per share. The minimum order quantity is 300 Shares.
The IPO opens on August 26, 2014, and closes on August 28, 2014.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Snowman Logistics IPO opens on August 26, 2014 and closes on August 28, 2014.
Snowman Logistics IPO lot size is 300 Shares, and the minimum amount required is ₹14,100.
You can apply in Snowman Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Snowman Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Snowman Logistics IPO allotment status.
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Top Contributor (500+ Posts, 200+ Likes)
I sent 3 mails to sll.ipo@linkintime.com. No response. Are these guys cheating us or what?