Snowman Logistics IPO Basis of Allotment

SNOWMAN LOGISTICS LIMITED

We were incorporated as Snowman Frozen Foods limited, a public limited company under the Companies. Act, 1956 in Kochi, Kerala. We were granted a certificate of incorporation on March 17,1993 and a certificate of commencement of business on May 31,1993. Subsequently, on March 17, 2011  our name was changed to Snowman Logistics Limited pursuant to a fresh certificate of incorporation issued by the Registrar of Companies Karnataka. Bangalore.
Registered Office: Sy. No. 36/1, Virgonagar. Old Madras Road, Bandapura Village, Bidarehalli Hobli, Bengaluru 560 04 9. Karnataka. India. For further details of change in the name and registered office of our Company please see chapter entitted 'History and Certain Corporate Matters' on page 140 of the Prospectus.
Contact Parson. Mr. Sundar Mangadu Agaram. Chief Financial Oficar. Company Secretary and Compliance Officer
Tel: +91 80 3993 9500 Fax. +91 80 3993 9500.
Email: investorsrelations@snowman.in, Website: www.snowman.in.

The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ('NSE") and the BSE Limited "BSE") and the trading will commence on or about September 12, 2014.

PUBLIC ISSUF OF 42,000,000* EQUITY SHARFS OF A FACF VALUE OF RS 10 EACH OF SNOWMAN LOGISTICS LIMITED (COMPANY OR ISSUER} FOR CASH ATA PRICE OF RS 47 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 37 PER EQUITY SHARE) AGGREGATING RS 1,974 MILLION (ISSUE), THE ISSUE WILL CONSTITUTE 25.23% OF OUR POST-ISSUF PAID-UP EQUITY SHARE CAPITAL.

"An additional 6,038 Equity Shares have been issued and allotted in the Non-lnstitutional category for the purpose of rounding off to The nearest multiple of the minimum allotment lot.

ISSUE PRICE:RS 47 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH. THE ISSUE PRICE IS RS 4.7 TIMES THE FACE VALUE ANCHOR INVESTOR ISSUE PRICE : RS 47 PER EQUITY SHARE

BID/ISSUE: OPENED ON TUESDAY, AUGUST 26, 2014. CLOSED ON THURSDAY, AUGUST 28, 2014 ANCHOR INVESTOR BIDDING DATE : MONDAY, AUGUST 25, 2014

The Anchor Investor Bid/Issue Period was, one Working Day prior to the Bid/Issue opening date in accordance with the SEBI (Issue of Capital and Disclosures Requirement) Regulations, 2009.

OUR PROMOTER: GATEWAY DISTRIPARKS LIMITED

In terms of Rate 19(2)(b)(i) of the Securities Contacts (Regulation) Rules, 1957, as Amended ("SCRR") this is an Issue for at least 25.00% of the post-Issue Equity share capital of our company. The Issue is being made under Regulation 26(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended and through a Book Building Process wherein at least 75% of the Issue shall be allotted on a proportionate basis to Qualified Institutional Buyer (QlB) Bidders, 5% of the QlB portion (excluding Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QlB portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation on a proportionate basis, to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. QIBs (other than Anchor Investors) and Norn Institutional Bidders should compulsorily participate in the Issue through the Application Supported by Blocked Amount (ASBA) process, providing details, of the bank account which will be blocked by the Self Certified Syndicate Banks. (SCSBs} to the extent of the Bid Amount for the same. Retail Individual Bidders may also participate in the Issue through the ASBA process. For details, please see the chapter entitled'Issue Procedure' on page 333 of the Prospectus.

The Issue received 259,429 applications for 1,949,124,600 Equity Shares (net of multiple bids. Duplicate bids, Cheque returns, Bid not banked and prior to technical rejections) resulting in 46.40 times subscription. The details of the applications received in the Issue from Retail Individual Bidders Non-Institutional Bidders QIBs (excluding Anchor Investors) and Anchor Investors are as under (before technical rejections):

Final Demand
The final demand at different bid prices is as under:

The Basis of Allotment was. finalized In consultation with the Designated Slock Exchange, being NSE on September 8, 2014.

B. Allotment to Non-institutional Bidders (After Technical Rejections)
The Basis of Allotment to the Nan-Institutional Bidders, who have bid at the Issue Price of  Rs. 47 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 221.2752 times. The total number of Equity Shares allotted in this category is 6,306,038 Equity Shares to 268 successful applicants (incuding additionl 6038 Equity Shares allotted for the purpose of rounding off).The category-wise details of the Basis of Allotment ara as under: (sample)

C. Allotment to QIBs (excluding Anchor Investors)
Allotment to QIBs has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 16.9762 times. As per the SEBI ICDR Regulations, Mutual Funds were initially allocated 5% of the quantum of Equity Shares available i.e. 1,102.500 Equity Shares and other QIBs were allocated the remaining available equity shares i.e. 20.947.500 Equity Shares on proportionate basis. The total number of Equity Shares allotted in this category is 22,050,000 Equity Shares, which were allotted to 82 applicants.

D. Allotment to Anchor Investors
The Company has allocated 9,450,000 Equity Shares to 3 Anchor Investors through 5 applications in consultation with the BRLM. In accordance with the SEBI Regulations, this represents 30% of the QIB Portion.