Bookbuilding IPO | ₹197 Cr | Listed at BSE, NSE | Tue, Aug 26, 2014 - Thu, Aug 28, 2014
Snowman Logistics IPO is a book build issue of ₹197.43 crores. The issue is entirely a fresh issue of 4.20 crore shares of ₹197.43 crore.
Snowman Logistics IPO bidding started from Aug 26, 2014 and ended on Aug 28, 2014. The shares got listed on BSE, NSE on Sep 12, 2014.
Snowman Logistics IPO price band is set at ₹47 per share. The lot size for an application is 300. The minimum amount of investment required by an retail is ₹14,100 (300 shares) (based on upper price). The lot size investment for sNII is 15 lots (4,500 shares), amounting to ₹2,11,500, and for bNII, it is 71 lots (21,300 shares), amounting to ₹10,01,100.
HDFC Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Snowman Logistics IPO RHP for detailed Information.
IPO Open
Tue, Aug 26, 2014
IPO Close
Thu, Aug 28, 2014
Issue Price
₹47 per share
Market Cap (Pre-IPO)
₹782.31 Cr
| IPO Date | 26 to 28 Aug, 2014 |
| Listed on | Fri, Sep 12, 2014 |
| Face Value | ₹10 per share |
| Price Band | ₹44 to ₹47 |
| Issue Price | ₹47 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,20,06,038 shares (agg. up to ₹197 Cr) |
| Fresh Issue | 4,20,06,038 shares (agg. up to ₹197 Cr) |
| Share Holding Pre Issue | 12,44,43,357 shares |
| Share Holding Post Issue | 16,64,49,395 shares |
| BSE Script Code / NSE Symbol | 538635 / SNOWMAN |
| ISIN | INE734N01019 |
Snowman Logistics IPO comprises a total issue size of 4,20,00,000 shares. Out of which, 3,15,00,000 (75.00%) are allocated to QIB, 63,00,000 (15.00%) allocated to NII 42,00,000 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 3,15,00,000 | 75.00% | NA |
| − Anchor Investor Shares Offered | 94,50,000 | 22.50% | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,20,50,000 | 52.50% | NA |
| NII (HNI) Shares Offered | 63,00,000 | 15.00% | NA |
| Retail Shares Offered | 42,00,000 | 10.00% | 14,000 |
| Total Shares Offered | 4,20,00,000 | 100.00% |
Investors can bid for a minimum of 300 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹14,100 |
| Retail (Max) | 14 | 4,200 | ₹1,97,400 |
| S-HNI (Min) | 15 | 4,500 | ₹2,11,500 |
| S-HNI (Max) | 70 | 21,000 | ₹9,87,000 |
| B-HNI (Min) | 71 | 21,300 | ₹10,01,100 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for setting up new temperature controlled and ambient warehouses | 128.28 |
| 2 | Long term working capital | 8.42 |
| 3 | General corporate purposes | 44.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 54.04% | 40.41% |
| Market Cap | ₹782.31 Cr. |
The Snowman Logistics IPO is subscribed 59.75 times on August 28, 2014 9:30:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 16.98 | 2,20,50,000 | |
| NII | 221.79 | 63,00,000 | |
| Retail | 41.26 | 42,00,000 | |
| Total | 59.75 | 3,25,50,000 |
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.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹47.00 | ₹47.00 |
| Open | ₹75.00 | ₹76.00 |
| Low | ₹75.00 | ₹76.00 |
| High | ₹78.75 | ₹79.80 |
| Last Trade | ₹78.75 | ₹79.80 |
Lead Manager Reports
Snowman Logistics IPO is a main-board IPO of 4,20,06,038 equity shares of the face value of ₹10 aggregating up to ₹197 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 300.
The IPO opens on Tue, Aug 26, 2014, and closes on Thu, Aug 28, 2014.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Snowman Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Snowman Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Snowman Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Snowman Logistics IPO opens on Tue, Aug 26, 2014 and closes on Thu, Aug 28, 2014.
Snowman Logistics IPO lot size is 300, and the minimum amount required for application is ₹14,100.
You can apply in Snowman Logistics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Sep 12, 2014.
