26 August 2014

Invest in Snowman Logistics IPO : Kotak Sec

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Snowman Logistics Limited has proposed to sell 4,20,00,000 Equity Shares exclusively through Initial Public Offer (IPO) between August 26-August 28, 2014.
 
Company NameSnowman Logistics Limited
Issue Period
August 26 - August 28, 2014
Price BandRs 44/- – Rs 47/- per equity share
Lot Size300 shares & in multiple of 300 shares thereafter
Issue SizeINR 197.40 crs (at INR 47 per share)
Face ValueRs. 10 each.
IPO GradeGrade 4 / 5 by CRISIL
ListingTo be listed on NSE & BSE
Who Can InvestResident Indian individuals, HUF, Companies, corporate bodies, scientific institutions, societies and trusts, NRIs, FIIs

Highlights of the Company
  • Snowman Logistics Limited commenced business as a trader of frozen marine products and in Fiscal 1998.
  • Snowman Logistic Limited (SLL) expanded operations to become an integrated temperature controlled logistics service provider with an ability to service customers on a pan-India basis.
  • Companies operations can be classified into the following business segments:
    1. Temperature controlled services; and
    2. Ambient distribution..
  • A majority of their temperature controlled warehouses are ISO 14001 (TUV-SUD), ISO 22000 (TUV-SUD) and FSSA certified. In addition, 4 (four) of temperature controlled warehouses are EIA and MPEDA (Marine Products Export Development Authority) certified and 4 (four) temperature controlled warehouses are certified under the Drugs and Cosmetics Act, 1940
  • As of March 31, 2014, their operations comprised 23 temperature controlled warehouses across 14 locations in India.
Company Profile
  • Net Profits after tax: INR 232.27 million as on 31st March 2014.
  • Total Income: INR 1,552.33 million as on 31st March 2014.
  • Net worth: INR 2,213.04 million as on 31st March 2014.



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