| Not for release in The United Stales. This is an advertisement for
information purposes only. This is not a Prospectus announcement, and does, not constitute
an invitation or offer to acquire, purchase' or subscribe for securities. Not for
publication or detribution, directly or Indirectly outside India. all capitalized terms
used herein and not specifically defined shall have the same meaning as ascribed to them
in the Prospectus. 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.
BASIS OF ALLOTMENT
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):
|
Category |
No. of
Applications |
No. of
Equity Shares |
No. of
times Subscription |
| A |
Retail Individual Bidders |
258,646 |
171,126,900 |
40.7445 |
| B |
Non-Institutional Bidders |
696 |
1,394,223.000 |
221.3052 |
| C |
Qualified Institutional Bidders (excluding Anchor Investors.) |
82 |
374,324,700 |
16.9762 |
| D |
Anchor investors |
5 |
9,450,000 |
1.0000 |
|
Total |
259,429 |
1,949,124,600 |
|
Final Demand
The final demand at different bid prices is as under:
Bid
Price (Rs) |
No. of
Equity Shares |
% to
Total |
Cumulative
Total |
Cumulative %
of Total |
| 44 |
4,550,400 |
0.223 |
4,550,400 |
0.223 |
| 45 |
45,473,100 |
2.230 |
50,023,500 |
2.453 |
| 46 |
47,408,400 |
2.325 |
97,431,900 |
4.777 |
| 47 |
1,782,778,200 |
87.414 |
1,880,210,100 |
92.192 |
| Cut off Price |
159,244,500 |
7.808 |
2,039,454,600 |
100.000 |
| TOTAL |
2,039,454,600 |
100.000 |
|
|
The Basis of Allotment was. finalized In consultation
with the Designated Slock Exchange, being NSE on September 8, 2014.
A. Allotment to Retail Individual Bidders
(After Technical Rejections)
The Basis of Allotment to the Retail Individual Bidders, who have bid at
cut-off or 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 39.8943 times after
technical rejection. The total number of Equity Shares allotted in Retail Individual
Bidders category is 4,200,000 Equity Shares to 14,000 successful applicants.The
category-wise details of the basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of total |
Total No. of
Equity Shares applied |
% to Total |
No. of Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares allotted |
| 300 |
197,468 |
77.96 |
59,240,400 |
35.36 |
300 |
13:235 |
3,274,200 |
| 600 |
14,713 |
5.81 |
8,827,800 |
5.27 |
300 |
13:235 |
244,200 |
| 900 |
8,621 |
3.41 |
7,758,900 |
4.63 |
300 |
13:235 |
143,100 |
| 1,200 |
5,049 |
1.99 |
6,058,800 |
3.62 |
300 |
13:235 |
83,700 |
| 1,500 |
2,710 |
1.07 |
4,065,000 |
2.43 |
300 |
13:235 |
45,000 |
| 1,800 |
1,573 |
0.62 |
2,831,400 |
1.69 |
300 |
13:235 |
26,100 |
| 2,100 |
6,375 |
2.52 |
13,387,500 |
7.99 |
300 |
13:235 |
105,900 |
| 2,400 |
1,093 |
0.43 |
2,623,200 |
1.57 |
300 |
13:235 |
18,000 |
| 2,700 |
488 |
0.19 |
1,317,600 |
0.79 |
300 |
13:235 |
8,100 |
| 3,000 |
1,249 |
0.49 |
3,747,000 |
2.24 |
300 |
13:235 |
20,700 |
| 3,300 |
389 |
0.16 |
1,283,700 |
0.77 |
300 |
13:235 |
6,600 |
| 3,600 |
443 |
0.18 |
1,594,800 |
0.95 |
300 |
13:235 |
7,500 |
| 3,900 |
401 |
0.16 |
1,563,900 |
0.93 |
300 |
13:235 |
6,600 |
| 4,200 |
12,680 |
5.01 |
53,256,000 |
31.76 |
300 |
13:235 |
210,300 |
| TOTAL |
253,252 |
100 |
167,556,000 |
100 |
4200 |
|
4,200,000 |
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)
| Catgory |
No. of
Applications Received |
% of total |
Total of Equity
Shares, applied |
% to total |
No. of Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares allotted |
| 4,500 |
135 |
19.81 |
607,500 |
0.04 |
300 |
1:15 |
2,700 |
| 4,800 |
21 |
3.08 |
100,800 |
0.01 |
300 |
2:21 |
600 |
| 5,100 |
24 |
3.52 |
122,400 |
0.01 |
300 |
1:12 |
600 |
| 5,400 |
18 |
2.64 |
97,200 |
0.01 |
300 |
1:18 |
300 |
| 6,000 |
26 |
3.82 |
156,000 |
0.01 |
300 |
1:13 |
600 |
| 6,300 |
32 |
4.7 |
201,600 |
0.01 |
300 |
3:32 |
900 |
| 6,600 |
7 |
1.03 |
46,200 |
0.00 |
300 |
1:7 |
300 |
| 7,500 |
7 |
1.03 |
52,500 |
0.00 |
300 |
1:7 |
300 |
| 7,800 |
7 |
1.03 |
54,600 |
0.00 |
300 |
1:7 |
300 |
| 8,400 |
14 |
2.06 |
117,600 |
0.01 |
300 |
1:7 |
600 |
| 9,000 |
16 |
2.35 |
144,000 |
0.01 |
300 |
1:8 |
600 |
| 9,900 |
19 |
2.79 |
188,100 |
0.01 |
300 |
3:19 |
900 |
| 10,200 |
11 |
1.62 |
112,200 |
0.01 |
300 |
2:11 |
600 |
| 10,500 |
28 |
4.11 |
294,000 |
0.02 |
300 |
1:7 |
1,200 |
| 10,800 |
9 |
1.32 |
97,200 |
0.01 |
300 |
1:9 |
300 |
| 12,000 |
6 |
0.88 |
72,000 |
0.01 |
300 |
1:6 |
300 |
| 12,600 |
5 |
0.72 |
63,000 |
0.00 |
300 |
1:5 |
300 |
| 21,000 |
32 |
4.7 |
672,000 |
0.05 |
300 |
5:16 |
3,000 |
| 21,300 |
5 |
0.72 |
106,500 |
0.01 |
300 |
2:5 |
600 |
| 31,800 |
4 |
0.58 |
127,200 |
0.01 |
300 |
2:4 |
600 |
| 42,300 |
6 |
0.88 |
253,800 |
0.02 |
300 |
2:3 |
1,200 |
| 53,100 |
4 |
0.58 |
212,400 |
0.02 |
300 |
3:4 |
900 |
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.
| Category |
Fls/Banks |
Fll |
MFs |
ICs |
VCs |
Total |
| Allotment |
5,087,615 |
6,501,724 |
6,644,014 |
1,693,195 |
2,123,452 |
22,050,000 |
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.
| Category |
MFs |
VCs |
Total |
| Allotment |
5,958,000 |
3,492,000 |
9,450,000 |
The IPO Committee of the Board of Dirsctors of our Company at its
meeting held on September 9,2014 has taken on record the basis of allotment of Equity
Shares approved by the Designated stock exchange, being NSE and has allotted the Equity
Shares to various successful applicants.
The refund orders and allotment advice have been dispatched to the address of the
investors as registered with the depositories on September 10,2014. Further, instructions
to the SCSBs have been e-mailed on September 8,2014. In case the same is not received
within ten days, investors may contact at the address given below. The Refund Advices have
been over-printed with, the bank account details as registered if any, with the
depositories. The Equity Shares allotted to successful allottees have been uploaded on September
10, 2014 for credit into the respective beneficiary accounts, subject to
validation of the account details with the depositories, concerned. Our Company is taking
steps to get the Equity Shares admitted for trading on NSE and BSE within 12
working days of the closure of the Issue.
NOTICE TO INVESTORS: Investors may note that disclosure on the cover page,
page 5 and page 34 of the Prospectus in respect to the total issue size is Rs. 1,974
million and the reference to Rs. 1,974,000,000 million was an inadvertent typographical
error. This intimation should be read in conjunction with the Prospectus.
INVESTORS PLEASE NOTE
The details of the allocation made will be hosted on the website of Registrar to the
Issue, Link Intime India Private Limited at http://www.linkintime.co.in.
All future correspondence in this regard may kindly be addressed to the Registrar to the
Issue quoting full name of the First/ Sole applicant, serial number of the
bid-cum-application form, number of Equity Shares bid for, name of the Member of the
Syndicate, place where the bid was submitted and payment details at the address given
below:
C 13. Pannalai Silk Mills Compound LBS Marg. Bhandup (West}, Mumbai - 400078 ,
Maharashtra, India
Tel No : +91 22 2596 7878; Fax No.;
+91 22 2596 0329
Investor Grievance Email: sll.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Mr. Sachin Achar; SEBI Registration No,:
INR 0000 04058
Place: Bengaluru
Date: September 11.2014 |
For SNOWMAN LOGISTICS LIMITED
on behalf of Board of Directors
Sd/-
CEO and Wholetime Director |
|
RHP
