Snowman Logistic commenced their business as a trader of frozen marine products in 1998. After this business company commenced cold storage operations at 4 (four) locations.
Snowman Logistics Limited 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 31st March 2014.
The company has an established presence in Pan-India for integrated temperature controlled logistics services. Company proposes to set up 6 temperature controlled warehouses and 2 ambient warehouses at 6 cities by issue capital. Besides strong and experienced management, strong promoters and investors base, established clients, Quality focus, technological advantages and sound financial performance, etc. At the price band of Rs.44-47, the company is quoted at 22.21x and 23.73x on its FY14 EPS of Rs.1.98.
I, Jimit R. Zaveri recommend investors to “SUBSCRIBE” to the Snowman Logistic Ltd IPO considering its strong and experienced management, strong promoters and investors’ base, established clients, Quality focus, technological advantages, sound financial performance and future growth potential in temperature controlled logistics services.
Price Band Rs.44-47. Issue open on 26st August, 2014 and close to 28th August, 2014. Market Lot 300 Shares.