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Snowman Logistics Ltd IPO (Snowman Logistics IPO) Detail

Aug 26, 2014 - Aug 28, 2014

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.

Company Promoters:

Gateway Distriparks Limited is the Promoter of the Company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Million)
31-Mar-1431-Mar-1331-Mar-1231-Mar-1131-Mar-10
Total Income1,552.331,141.03641.98475.89369.03
Profit After Tax (PAT)232.27198.7949.2163.5740.46

Objects of the Issue:

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.

Snowman Logistics IPO Details

IPO Opening Date Aug 26, 2014
IPO Closing Date Aug 28, 2014
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹44 to ₹47 per equity share
Market Lot 300 Shares
Min Order Quantity 300 Shares
Listing At BSE, NSE
Issue Size42,000,000 Eq Shares of ₹10
(aggregating up to ₹197.40 Cr)

Snowman Logistics IPO Lot Size

The Snowman Logistics IPO market lot size is 300 shares. A retail-individual investor can apply for up to 14 lots (4200 shares or ₹197,400).

Application Lots Shares Amount (Cut-off)
Minimum 1 300 ₹14,100
Maximum 14 4200 ₹197,400

Snowman Logistics IPO Grading

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.

Snowman Logistics IPO Review

 

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Snowman Logistics IPO Subscription Status (Bidding Detail)

The Snowman Logistics IPO is subscribed 59.75 times on 8/28/2014 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)

CategorySubscription (times)
QIB16.98
NII221.79
Retail41.26
Total59.75

Snowman Logistics IPO Prospectus

Snowman Logistics IPO Rating

204
4.3
Rating:Rated 4.3 stars
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Snowman Logistics IPO Listing Date

Listing Date Friday, September 12, 2014
BSE Script Code 538635
NSE Symbol SNOWMAN
Listing In T Group of Securities
ISIN INE734N01019
IPO Price ₹47 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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

Snowman Logistics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sll.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Snowman Logistics IPO Reviews / Ratings

Snowman Logistics IPO Lead Manager(s)

Snowman Logistics IPO FAQs

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 equity share. The minimum order quantity is 300 Shares.

The IPO opens on Aug 26, 2014, and closes on Aug 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 Aug 26, 2014 and closes on Aug 28, 2014.

Snowman Logistics IPO lot size is 300 Shares and the minimum order quantity is 300 Shares.

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, Edelweiss, 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.

The Snowman Logistics IPO listing date is on Friday, September 12, 2014.

Snowman Logistics IPO Message Board

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482 Comments

296. Pramod A |Oct 21, 2014 1:10:22 PM
I had applied for 900 shares for snowman logistics and not allotted any shares. But till date I have not received the refund inspite of have account in nationalized bank. I called several times and they told it will come in a cheque. till now nothing has come. Its been more than a month now.
I sent 3 mails to sll.ipo@linkintime.com. No response. Are these guys cheating us or what?
295. Gaurav Agrawal |Oct 2, 2014 12:02:51 AM
I was issued a cheque for my refund but it got returned from the post-office. where should i contact for refund.
294. DURAISWAMY |Sep 26, 2014 8:11:47 PM
ENCASH ENTERTAINMENT LISTS ON 29-09-2014 THE MONDAY
293. wiseants |Sep 19, 2014 10:25:53 AM
Snowman allottees who are still holding shares have reasons to celebrate. 100% returns in less than three weeks, upward freeze is continuing....
292. nishant dhruv |Sep 18, 2014 12:40:41 PM
I didn''t receive refund of Snowman Logistics till today i.e. 18/9/2014. Even I have tried to reach Linktime but did not get any response. Can anybody help me in this regard ?
292.1. janip |Sep 22, 2014 11:57:08 AM
It seems like you are having a private cooperative bank. If that''s the case than you will receive physical check
At your postal address.
291. C.A |Sep 17, 2014 12:02:40 PM
Why giveing only 10% to retailer,s .Where are SEBI, AND GOVT. Of india.
290. rajni gandhi |Sep 17, 2014 11:35:20 AM
Top Contributor Top Contributor (200+ Posts)
@ Keshar
526.2
Retailers
Appl. Share app. per all. Total allotted
300      197,468      59,240,400      300      13 / 235      3,274,200
600      14,713      8,827,800      300      13 / 235      244,200
900      8,621      7,758,900      300      13 / 235      143,100
1,200      5,049      6,058,800      300      13 / 235      83,700
1,500      2,710      4,065,000      300      13 / 235      45,000
1,800      1,573      2,831,400      300      13 / 235      26,100
2,100      6,375      13,387,500      300      13 / 235      105,900
2,400      1,093      2,623,200      300      13 / 235      18,000
2,700      488      1,317,600      300      13 / 235      8,100
3,000      1,249      3,747,000      300      13 / 235      20,700
3,300      389      1,283,700      300      13 / 235      6,600
3,600      443      1,594,800      300      13 / 235      7,500
3,900      401      1,563,900      300      13 / 235      6,600
4,200      12,680      53,256,000      300      13 / 235      210,300
TOTAL      253,252      167,556,000      4200      27 / 235      4,200,000
289. Keshar |Sep 17, 2014 10:55:28 AM
As the IPO was oversubscribed Company chose to do most scandalous allotment process allotting share to their own people/ registrars and others.All investors must approach SEBI for this. I applied for 4200 shares and expected minimum of 100 shares but was allotted none. Same way I applied for 4200 in the name om son but getting none. Case of enquiry by SEBI. They have cheated all individual investors.
289.1. Rkg |Sep 17, 2014 11:11:05 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
MEMBERS ARE REPLYING TO THIS AGAIN AND AGAIN, BUT YOU PEOPLE JUST DO NOT WANT TO LISTEN.Bar bar vahi raag alaap rahey hain.
288. rajni gandhi |Sep 16, 2014 5:31:51 PM
Top Contributor Top Contributor (200+ Posts)
@506 Rohit,197468 application received for 1 lot. out of 235 application 13 person got 1 lot. so 10923 person got 1 lot
287. C.A. Ramesha |Sep 16, 2014 2:13:32 PM
Could you please inform, What is the short term and long term target for Snowman Share Price?
286. C.A |Sep 16, 2014 12:14:58 PM
Jai sai ram 2 lot may 300 allot kiya, Rs.9000/ ka profit diya jai sai ram.
285. CHANDRAKANTH GARG |Sep 16, 2014 11:58:37 AM
ALLOTED 300 SHARES @47.00

SOLD TODAY 50 SHARES AT NSE @87.90

WANT TO SELL 250 SHARES @97.00
284. wiseants |Sep 16, 2014 10:39:11 AM
Again upper circuit today at the very moment of trading. Enjoy Snowman holders!
283. krishna gopi |Sep 15, 2014 10:20:23 AM
THOSE WHO BOOK PROFITS ON FIRST DAY, ITS BAD LUCK FOR THEM. IT IS GOING TO UPPER CIRCUIT. IT MAY TOUCH 100/- IN A WEEK.
282. C.A |Sep 15, 2014 12:04:39 AM
Jai ho Sai baba ki, 2 lot lagaya tha 1 allot ho gai, Rs.9000/ ka profit book kiya, jai sai baba.
281. Ipowatcher |Sep 14, 2014 11:21:05 AM
Snowman Logistics'' issue size is about Rs 200 crore so its single-day gains are capped at 5 per cent due to circuit filters introduced by Sebi. The stock will belong in the trade to-trade segment for ten days and trades can only happen with delivery.

280. vikas parwal |Sep 14, 2014 10:01:13 AM
I HAVE NOT RECEIVED SNOWMAN REFUND TILL NOW 14092014 IN MY TWO ACCOUNT . AS PER SLL DESK THEY REPLY FUND RELAEASED ON 09092014 THROUGH NECS . BUT MY ACCOUNT IS NOT CREDITED .

CAN ANYONE GIVE SUGGESTION WHAT I DO .
280.1. Bridgeplayingcat |Sep 14, 2014 6:39:20 PM
I feel for you, but could you please not all caps? It is considered bad manners.
279. kaushik patel |Sep 13, 2014 4:54:19 PM
complain to linkin allotment are very bed service
279.1. Bridgeplayingcat |Sep 13, 2014 11:00:06 PM
Was that supposed to be English?
278. C.A |Sep 13, 2014 2:54:16 PM
Andher nagri cahupat raja, Retailer,s kota 35% hi. Yaha retailer,s ka 25% kisnay hadap liya.
278.3. STAR IPO KING |Sep 13, 2014 11:11:22 PM
i heard this news on tv some 5/6 months ago...why this norm of l ll ...why not same to all,all knows small price ipo lists heavily then higer prise in compare...
278.4. Bridgeplayingcat |Sep 14, 2014 12:34:15 AM
I think the idea is that if the company has not been around for long, and has not been steadily making at least moderate profits, then such a stock is risky, and thus more participation should be invited from more mature investors.

Given the number of bogus and fraudulent companies what have done their ipos in the last 4 years or so, I personally feel that this is a good thing.
277. RAJA R |Sep 13, 2014 1:00:37 AM
please let me know anyone in the forum here ..... how to complain against IPO allotment process .....
277.1. Bridgeplayingcat |Sep 13, 2014 12:50:27 PM
I''m not sure about how to complain, but what exactly in the allotment process do you want to complain about?