Snowman Logistics is all set to hit the capital markets, through BSE and NSE Platform, with an initial public offering (IPO) of 42,000,000 equity shares of Rs 10 each at a price band of Rs 44 to Rs 47 per equity share aggregating up to Rs 184.80 crore to Rs 197.40 crore. The issue will open for subscription on August 26, 2014 with the book building process and will close for subscription on August 28, 2014.
Snowman Logistics is an integrated temperature controlled logistics services provider with 23 temperature controlled warehouses across 14 locations in India including Serampore (near Kolkata), Taloja (near Mumbai), Palwal (near Delhi), Mevalurkuppam (near Chennai) and Bengaluru capable of warehousing 58,543 pallets and 3,000 ambient pallets as of March 31, 2014. Snowman operates 370 reefer vehicles for primary and secondary transportation as of March 31, 2014.
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