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Wednesday, August 27, 2014

UPCOMING IPO>>>>

SNOWMAN LOGISTICS...

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.
The company, which operates 23 temperature-controlled warehouses across 14 locations in India (including Kolkata, Mumbai, Delhi, Chennai and Bengaluru), proposes to set up another such 6 and 2 ambient warehouses at 6 cities at the cost of around Rs 140 crore.
SLL, which has a pan-India presence with warehousing capacity of 58,543 pallets and 3,000 ambient pallets, is expected to increase to 85,000 pellets in current financial year (FY15) and further to 1 lakh pellets by FY16, said the company in its prospectus.

RETURN CAN BE DOUBLE IN 2014....

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