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Snowman shares jump 70 pct on listing

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Reuters
Last Updated : Sep 12 2014 | 10:55 AM IST

Reuters Market Eye - Cold storage company Snowman Logistics Ltd jumps 70 percent on listing.

Snowman's initial public offer was subscribed 59.75 times, exchange data shows.

The issue price was fixed at 47 rupees a share

Parent Gateway Distriparks also gains 1 percent.

Other logistics firms also gain on relative valuations.

Gati jumps 3.1 percent, Container Corp of India gains 0.6 percent, Balmer Lawrie and Co advances 0.4 percent.

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(Reporting by Abhishek Vishnoi)

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First Published: Sep 12 2014 | 10:45 AM IST

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