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IPO News

Sharda Cropchem IPO opens on Sept 5, HEP Mauritius to exit Bubna family - promoter and promoter group - will reduce their stake in the company from 84.13 percent currently to 75 percent and non-institutional investor HEP Mauritius will offload its entire stake of 15.87 percent.
Sat, 30 Aug 2014 13:28:29 +0530
Snowman Logistics IPO oversubscribed 60 times Reserved portion of non-institutional investors got subscribed 221.79 times followed by retail investors with 41.26 times and qualified institutional buyers with 16.98 times.
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
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Politics

There has been speedy decision making and many projects which were previously seen to have been stalled, have now been cleared.
The government diktat to extend school hours on Teachers' Day to show the PM's speech live has sparked a controversy. The PM will deliver an address to the students on September 5 between 3 and 5 pm. However, the schools and parents say that the time is inconvenient and is making them completely reschedule their plans. HRD minister Smriti Irani though has called the controversy politically motivated.
Prime Minister Narendra Modi is set to complete 100 days in office. Speedy decision making and taking steps in the right direction have been accounted as the government's biggest achievement.
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India

Modi said, "When I became the Prime Minister, I left Rs 78 crore for the Gujarat government to use in the field of girl-child education."
Security forces laid seige around houses in the village on Monday night where terrorists were suspected to be hiding.
The suspects were among 181 passengers who arrived in India from the affected western African countries.
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Tech

Teewe connects with a television through an HDMI port and connects a smartphone or PC to the TV over the local WiFi network.
Apple it was looking into whether its online photo-sharing service had been hacked to obtain the intimate images.
The Gear Fit is a fitness gadget with a curved screen. It is dust and water resistant.
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