Gateway Distriparks stock up on good response for Snowman IPO

Report stated that the issue has received bids for 92.4 million equity shares, as per NSE data.

Aug 28, 2014 06:08 IST India Infoline News Service

Shares of Gateway Distriparks was up 2% at Rs264 after the initial public offer (IPO) of Snowman Logistics oversubscribed on second day of the bidding.
The stock has hit a high of Rs271 and a low of Rs259.
Report stated that the issue has received bids for 92.4 million equity shares, as per NSE data.
The company has set a price band of Rs 44 to Rs 47 per equity share of face value Rs 10 each.

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