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Shares of Snowman Logistics have listed at Rs 76, a huge 62% premium against its issue price of Rs 47 per share, on National Stock Exchange (NSE).
The stock is currently trading at Rs 79.80, also day’s highest level on NSE. Till 1015 hours, around 8.2 million shares changed hands on the NSE.
The initial public offer (IPO) of Snowman Logistics was subscribed 59.75 times with total bids for 194.49 crore shares, compared with 4.20 crore shares on offer. The company had priced the IPO at the top end of the Rs 44 to Rs 47 per equity share price band.
Gateway Distriparks is promoter and the largest shareholder in Snowman Logistics.
The stock is currently trading at Rs 79.80, also day’s highest level on NSE. Till 1015 hours, around 8.2 million shares changed hands on the NSE.
The initial public offer (IPO) of Snowman Logistics was subscribed 59.75 times with total bids for 194.49 crore shares, compared with 4.20 crore shares on offer. The company had priced the IPO at the top end of the Rs 44 to Rs 47 per equity share price band.
Gateway Distriparks is promoter and the largest shareholder in Snowman Logistics.
