Snowman Logistics IPO subscribed 0.6 times on Day 1

India Infoline News Service | Mumbai | August 27, 2014 09:01 IST

The initial public offer of Snowman Logistics was 0.6 times on the first day, says report.
The issue has got bids for 1.86 crore shares as against issue size of 3.25 crore shares.
The company already received Rs 44.4 crore (out of Rs 197 crore at higher end of price band) through three anchor investors, says report.
The issue will close on August 28.