India basis. As of March 31, 2014, its operations comprised 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 March 31, 2014, it operated 370 Reefer vehicles consisting of 307 leased and 63 owned vehicles.
provides you the highlights of a media interaction, where Gopinath Pillai says "We are planning to raise Rs197 crore via IPO.The objects of the issue is to set up new temperature controlled and ambient warehouses."
Brief us about your business in different segments?
Snowman's operations can be classified into the following business segments such as Temperature controlled services; and Ambient distribution. Its warehousing solutions cover the complete spectrum of temperature ranges from ambient to chilled and frozen (i.e. +20ºC to -25ºC). Snowman offers blast freezing facilities at its temperature controlled warehouses in Bengaluru,Mevalurkuppam, (near Chennai), Visakhapatnam, Serampore (near Kolkata),Taloja (near Mumbai), Ahmedabad, Palwal (near Delhi), Mubarakpur (nearChandigarh) and Surat. Its integrated 'Source to Stores' operations comprise warehousing, primary distribution and secondary distribution and value-added services including kitting, labelling, sorting and bulk breaking.
Brief us about your IPO plans?
We are planning to raise Rs197 crore via IPO. The IPO will open on August 26, 2014, a public issue of 42,000,000 equity shares of Face Value of Rs. 10 each (Equity Shares)
The Price Band has beenfixed between Rs. 44 and Rs. 47 per Equity Share.
The Issue will constitute 25.23% of the Post-Issue Paid-Up Equity Share Capital of the Company. Bids can be made for a minimum of 300 Equity Shares and in multiples of 300Equity Shares thereafter. The Issue closes on August 28, 2014, for all bidders.
The Company, in consultation with the BRLM, may consider participation by Anchor Investors. The Anchor Investor Bidding Date shall be one Working Day prior to the Bid / Issue Opening Date.
The Book Running Lead Manager (BRLM) to the Issue is HDFC Bank Limited.
The Equity Shares offered and issued through the Red Herring Prospectus are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.
What are your expansion plans?
We are planning to expand business for our existing locations.We are also augmenting market share by penetrating markets catered to by regional and /or unorganised operators and in Tier II and Tier III cities.
What is the size of the Indian temperature controlled logistics industry?
The size of the Indian temperature controlled logistics industry estimated to be around Rs120,000-Rs1,50,000.At present, it is expected to grow at 15-20% per annum over the next five years.
What are the objects of the issue?
The objects of the issue is to set up new temperature controlled and ambient warehouses.
What is the current capacity utilisation?
Our current capacity utilisation stands at 82%.
Who are the major shareholders?
The major shareholders include Mitsubishi Corporation, Mitsubishi Logistics Corporation, International Finance Corporation and Norwest Venture Partners VII-A Mauritius.
Brief us about your Financials?
The revenue stood at Rs 153 crore for FY14.
What will be the promoter holding Post IPO?
Post IPO, the promoter holding would be 40%.