Snowman Logistics Limited (the "Company") proposes to open on August 26, 2014, a public issue of 42,000,000 equity shares of Face Value of Rs. 10 each (Equity Shares) ("Issue"). 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 Issue is being made under Regulation 26(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and through a Book Building Process wherein at least 75% of the Issue shall be allotted on a proportionate basis to Qualified Institutional Buyer (QIB) Bidders. 5% of the QIB Portion (excluding Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price.
Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to
Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. QIBs (other than Anchor Investors) and Non-Institutional Bidders should compulsorily participate in the Issue through the Application Supported by Blocked Amount (ASBA) process providing details of the bank account which will be blocked by the Self Certified Syndicate Banks (SCSBs) to the extent of the Bid Amount for the same. Retail Individual Bidders may also participate in the Issue through the ASBA process.
The Issue has been graded by CRISIL Limited as 4/5, indicating that the fundamentals of the Issue are above average in relation to other listed equity securities in India.
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.