ibnibn

IPO News

Snowman Logistics IPO oversubscribed 59 times The issue has received more than Rs 9000 crore worth of bids as against the actual size of Rs 197 crore (at higher end of price band of Rs 44-47) supported by all types of investors. Total bids received were for 193.45 crore equity shares as against issue size of 3.25 crore shares (excluding anchor investors’ portion of 95 lakh shares).
Thu, 28 Aug 2014 18:09:22 +0530
Ravi Kannan The IPO closes today and has been subscribed 1.9 times till now with bids crossing over 6 crore shares.
Thu, 28 Aug 2014 10:13:53 +0530
Monte Carlo plans IPO, Samara Capital to divest 9.5% stake The Offer for Sale, which is expected to hit the market in September this year, will constitute 25 percent of the post paid-up equity share capital of the company.
Wed, 27 Aug 2014 18:26:47 +0530
SME: Naysaa Securities IPO to open on September 5 Naysaa is a diversified financial services company offering a wide range of products and services covering equity broking and equity derivatives to all kinds of investors.
Wed, 27 Aug 2014 18:25:09 +0530
Snowman Logistics IPO fully subscribed on retail support The reserved portion of retail investors subscribed 12.94 times followed by qualified institutional buyers with 1.49 times and non-institutional investors with 0.82 times.
Wed, 27 Aug 2014 18:24:30 +0530
Apply for Snowman Logistics IPO for listing gains: Ajcon According to Ajcon Global, one can subscribe to Snowman Logistics for listing gains.
Wed, 27 Aug 2014 17:08:57 +0530
Subscribe to Snowman Logistics IPO, recommends GEPL Capital The stock enjoys premium in terms of valuation as it is the only player in the organised cold storage industry with huge business potential its pan India presence. Hence GEPL Capital recommend to SUBSCRIBE to the IPO.
Wed, 27 Aug 2014 10:50:49 +0530
Snowman may have limited listing gains: Nirmal Bang Nirmal Bang believes that Snowman Logistics' aggressive expansion plans coupled with strong presence in niche segments and healthy management bandwidth provides long term growth prospects. We recommend subscribing the issue with a long term view as it may have limited listing gains.
Wed, 27 Aug 2014 10:50:15 +0530
Snowman Logistics IPO subscribed 83% on Day 1 The largest cold chain solutions provider intends to use issue proceeds for setting up new temperature controlled and ambient warehouses, and long term working capital.
Tue, 26 Aug 2014 17:40:31 +0530
Snowman Logistics gets Rs 44.4 cr from 3 anchor investors SLL's public issue has received bids for 94.5 lakh equity shares at higher end of price band (Rs 44-47 apiece) from three anchor investors, which are Faering Capital India Evolving Fund, ICICI Prudential and IDFC Funds.
Tue, 26 Aug 2014 17:23:53 +0530
Snowman Logistics' valuations attractive: ICICIdirect ICICIdirect.com believes that, earnings CAGR of 21% over FY14-17E make valuations attractive for Snowman Logistics (SLL). The research firm has recommended to subscribe to the IPO, in its research report dated August 25, 2014.
Tue, 26 Aug 2014 16:56:34 +0530
Subscribe to Snowman IPO, see listing gains: AB Money Short and medium term investors can subscribe to Snowman Logistics (SLL)'s IPO issue. "Given the small size of IPO and lack of paper in the industry in which SLL operates there is a high probability of listing gains", says Aditya Birla Money.
Tue, 26 Aug 2014 16:48:49 +0530
IPO: Does Snowman deserve 26-28% m-cap of parent Gateway? Snowman offers high quality cold chain storage, distribution and value-added services. It has high-end equipment and handling mechanism, and uninterrupted power and fuel supply.
Tue, 26 Aug 2014 13:23:35 +0530
Snowman Logistics IPO opens: Should you subscribe? Brokerages believe its big expansion plan (of raising capacity to 1 lakh pallets by next financial year) is expected to boost the operating performance of the company over the next two years.
Tue, 26 Aug 2014 07:28:19 +0530
Subscribe to Snowman Logistics IPO, advises Sharekhan Snowman Logistics’ aggressive expansion plan for increasing its pellet capacity from 61,543 pellets in FY2014 to 85,000 pellets in FY2015 and further to 100,000 pellets by FY2016 is likely to boost the operating performance of the company over the next two years. One can subscribe to the issue, says Sharekhan.
Mon, 25 Aug 2014 15:19:26 +0530
ibnibn
live newslive news
live newslive news
ibnliveibnlive

Politics

Dwivedi's remarks come in the wake of the creation of the Marg Darshak Mandal for its senior leaders by the BJP.
Popular TV actress Maitreyi has accused Railway Minister Sadananda Gowda's son Karthik of raping her under the guise of a false marriage.
The opposition is out on the streets against the Railway Minister and his family with Congress workers staging a protest in Bangalore.
ibnliveibnlive
ibnliveibnlive

India

'Those who open accounts under this scheme by 26 January, they will get medical insurance of Rs 30,000,' Prime Minister Narendra Modi announced.
Aseemanand had been languishing in jail since 2011 when he, along with several others, was charged for the twin bomb blasts aboard the train.
17-year-old boy stabbed by 2 assailants in Delhi's Dakshinpuri area. People from all over express their anger and grief. They blame the judiciary system and law. "The police need to be better trained to avoid such incidents in the future," say residents.
ibnliveibnlive
ibnliveibnlive

Tech

A whopping 47 per cent of Americans admit they wouldn't last more than a day without their cell phones.
The Gear Circle is paired with a smartphone (via Bluetooth) to help users receive calls, listen to music, and make voice commands.
A former Apple employee Andreas Kleinke, who also appears to be a big fan of Apple's design, style, and presentation, has gone the Apple way in announcing the birth of his son, who is now a week-old.
ibnliveibnlive