Price band fixed between Rs 44 to Rs 47 per share
The initial public offer (IPO) of Snowman Logistics will open for subscription on 26 August 2014 and close on 28 August 2014. The company is offering 4.20 crore equity shares in a price band of Rs 44 to Rs 47 per equity share of face value Rs 10 each.
The IPO has been graded by CRISIL as 'CRISIL IPO Grade 4', indicating above average fundamentals.
Gateway Distriparks is promoter and the largest shareholder in Snowman Logistics.
Snowman Logistics is an integrated temperature controlled logistics services provider with 23 temperature controlled warehouses across 14 locations in India including Serampore (near Kolkata), Taloja (near Mumbai), Palwal (near Delhi), Mevalurkuppam (near Chennai) and Bengaluru capable of warehousing 58,543 pallets and 3,000 ambient pallets as of 31 March 2014. Snowman Logistics operates 370 reefer vehicles for primary and secondary transportation as of 31 March 2014.
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