Snowman Logistics IPO
Snowman Logistics IPO — date, price band, lot size & details 2014
Snowman Logistics listed on 12 Sep 2014 at ₹76, 61.7% above the ₹47 issue price.
Snowman Logistics is an integrated temperature controlled logistics provider running cold storage warehouses across India for food and pharma. Its total income was Rs 155.23 crore in FY2014.
Stock price
Snowman Logistics is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 26 Aug 2014
- Close 28 Aug 2014
- Allotment 08 Sep 2014
- Refund/credit TBA
- Listing 12 Sep 2014
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 28 Aug, 2014 |
|---|---|
| Price Band | ₹44 – ₹47 |
| Face Value | ₹10 |
| Lot Size | 300 Shares |
| Issue Size | ₹197.43 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,100 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 300 shares at the ₹47 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 64.20 crore in FY2012 to Rs 155.23 crore in FY2014.
- 02Profit after tax rose from Rs 4.92 crore in FY2012 to Rs 23.23 crore in FY2014.
- 03It ran 23 temperature controlled warehouses in 14 locations.
- 04Rs 128.28 crore of the issue was for new warehouses.
Risks · 5
- 01Total borrowing rose from nil in FY2012 to Rs 130.65 crore in FY2014.
- 02Cold chain warehouses need heavy capital and high power use; total assets were Rs 388.44 crore in FY2014.
- 03New warehouses take time to fill, so returns on Rs 128.28 crore of spending may lag.
- 04Its customers are food and pharma firms that can build their own cold chains; profit was Rs 19.88 crore in FY2013.
- 05Gateway Distriparks held 54.04% before the issue and 40.41% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Snowman Logistics offer document.
| Metric | 31 Mar 2014 | 31 Mar 2013 | 31 Mar 2012 |
|---|---|---|---|
| Assets | 388.44 | 243.27 | 120.93 |
| Total Income | 155.23 | 114.10 | 64.20 |
| Profit After Tax | 23.23 | 19.88 | 4.92 |
| NET Worth | 221.30 | 128.43 | 108.55 |
| Reserves and Surplus | 97.20 | 25.52 | 5.64 |
| Total Borrowing | 130.65 | 90.90 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Snowman Logistics RHP.
Where the money goes
₹181.63 Cr of the issue is earmarked to named objects.
Snowman Logistics IPO Anchor Investors
5 anchor investors across 3 fund houses committed ₹44.41 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Faering Capital India Evolving Fund | - | 3,492,000 | 16.41 | 36.95% |
| ICICI Prudential Growth Fund - Series 2 | ICICI Prudential Mutual Fund | 2,127,900 | 10.00 | 22.52% |
| ICICI Prudential Value Fund Series 4 | ICICI Prudential Mutual Fund | 851,100 | 4.00 | 9.01% |
| IDFC Sterling Equity Fund | Bandhan Mutual Fund | 2,659,800 | 12.50 | 28.15% |
| IDFC Infrastructure Fund | Bandhan Mutual Fund | 319,200 | 1.50 | 3.38% |
| Total anchor allocation | 44.41 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It ran 23 temperature controlled warehouses across 14 locations in India.
It serves dairy products such as butter and cheese, ice cream, poultry and meat, seafood, ready to eat food, confectionery, fruits and vegetables, and healthcare and pharmaceutical products.
The IPO was Rs 197.43 crore and was entirely fresh issue at Rs 47, the top of the Rs 44 to Rs 47 band. Most of the money was for new temperature controlled and ambient warehouses.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Snowman Logistics IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
HDFC Bank Limited
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Precision Camshafts (-11.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Snowman Logistics?
The current Grey Market Premium is ₹0.
What is the Snowman Logistics IPO price band?
₹44 to ₹47, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 September 2014, with listing on 12 September 2014.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
