tag:blogger.com,1999:blog-8074076175036081982.post2766494820943053585..comments2024-03-26T12:30:43.541+05:30Comments on Investment ideas: Snowman Logistics Ltd IPO: AvoidNiteen S Dharmawathttp://www.blogger.com/profile/14299180659043749768noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8074076175036081982.post-43722897718183901172014-08-29T12:43:37.610+05:302014-08-29T12:43:37.610+05:30As expected Snowman IPO received overwhelming resp...As expected Snowman IPO received overwhelming response, subscribing 60 times on the last day of issue. It will be difficult to get allotments now. The retail portion was subscribed 41 times, the HNI and qualified institutional buyers segments were subscribed by 222 and 17 times, respectively. The company had allotted 94.50 lakh equity shares to anchor investors such as Faering Capital India Evolving Fund (34.92 lakh), ICICI Prudential (29.78 lakh), IDFC Sterling (26.59 lakh) and IDFC Infrastructure Fund (3.19 lakh) at Rs 47 a share.Niteen S Dharmawathttps://www.blogger.com/profile/14299180659043749768noreply@blogger.comtag:blogger.com,1999:blog-8074076175036081982.post-83093461469973768422014-08-27T20:44:51.394+05:302014-08-27T20:44:51.394+05:30The reserved portion of retail investors subscribe...The reserved portion of retail investors subscribed 3.82 times followed by qualified institutional buyers with 0.03 times and non-institutional investors with 0.13 times<br /><br />There were so many buy reports on this but still the issue did not find support from QIP and non Insititutional Investors. This is a very sad part of the Indian equity market. They say something and do something else.<br /><br />Don't disheartened if you have applied. Market is in full bull run and it is expected to continue. The investors may still have listing gains. As I mentioned earlier the company is good but the issue was expensive.<br /><br />http://www.moneycontrol.com/news/ipo-issues-open/snowman-logistics-ipo-fully-subscribedretail-support_1165244.html<br /><br />Cheers,<br />Niteen S Dharmawat<br />Blog: http://dharmawat.blogspot.com/<br />Twitter: @niteen_india<br />Facebook: https://www.facebook.com/dharmawat<br />slideshare: www.slideshare.net/ndharmawat/<br />Linkedin: in.linkedin.com/in/dharmawat/<br />Niteen S Dharmawathttps://www.blogger.com/profile/14299180659043749768noreply@blogger.comtag:blogger.com,1999:blog-8074076175036081982.post-62336313264121650052014-08-25T10:25:01.868+05:302014-08-25T10:25:01.868+05:30Sangam, thank you for your comment. I am doubting ...Sangam, thank you for your comment. I am doubting neither the prospects for the company nor the India growth story and contribution this company can make. However, as Warren Buffett rightly said "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price". I am questioning price that we are paying for this company.Niteen S Dharmawathttps://www.blogger.com/profile/14299180659043749768noreply@blogger.comtag:blogger.com,1999:blog-8074076175036081982.post-85913730752405827222014-08-25T09:46:31.386+05:302014-08-25T09:46:31.386+05:30For the last 4 years, there is consitent revenue a...For the last 4 years, there is consitent revenue and profit growth.<br /><br />Also the IPO grading by CRISIL is 4/5.<br /><br />Hardly any competition (the next largest co is 1/10th the size)<br /><br />Keeping the mind the "Made in India" focus and the war against inflation the govt has embarked, this industry has a role to play.<br /><br />SangamAnonymoushttps://www.blogger.com/profile/07683499301759948803noreply@blogger.com