Snowman Logistics Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 31,500,000 (75%) | — | ₹14,805 Cr |
| NII (HNI) | — | 6,300,000 (15%) | — | ₹2,961 Cr |
| Retail | — | 4,200,000 (10%) | — | ₹1,974 Cr |
| Σ Total | — | 42,000,000 (100%) | — | ₹197,400 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹14,100 |
| Retail (Max) | 13 | 3,900 | ₹183,300 |
| S-HNI (Min) | 14 | 4,200 | ₹197,400 |
| B-HNI (Min) | 67 | 20,100 | ₹944,700 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
|---|---|---|---|
| Revenue | 155 | 114 | 64 |
| Profit After Tax | 23 | 20 | 5 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.