Snowman Logistics IPO oversubscribed 59 times
Integrated temperature controlled logistics company Snowman Logistics IPO got overscribed by 59 times. This issue closed yesterday on 28-Aug-2014. What is that analysts and investors are predicting now about the allotment and issue price?
About Snowman Logistics IPO
Snowman Logistics Limited IPO opened on 26th August, 2014 for subscribing Rs 197 Crores. However, it received excellent response from all types of investors and it got oversubscribed to the tune of Rs 9,000 Crores which is 59 times. A couple of months back, Wonderla Holidays IPO got oversubscribed by 38 times. Currently it is trading at 150% profit. Even I am enjoying this profit. The Snowman Logistics IPO has a price band of Rs 44 to Rs 47. Total bids received are worth Rs 9,000 Crores for this IPO.
What about Snowman Logistics IPO allotment process?
We need to wait and watch about allotment process as of now. I would update further as and when I get some points on this.
Also Read: Simple golden rules for investing in stocks in India
When the Snowman logistics IPO would get listed?
Generally it would take 2-4 weeks from now to be listed on BSE/NSE. You can expect these shares to list by the end of Sep-2014.
What analysts and investors are predicting about listing price of the Snowman Logistics Limited?
I was hearing from some senior analysts that they are predicting a listing price would be in between Rs 70 to Rs 75. I have seen in many investment websites / forums / boards that investors are exchanging messages that in next 2 months, (by Oct-14), Snowman Logistics IPO would be traded at Rs 100 per share giving more than 100% returns.
I have personally subscribed for 1800 shares and eagerly waiting for allotment.
Readers, I hope you have encashed this opportunity and applied for this IPO. What are your views on Snowman Logistics IPO listing price? Do you think that in spite of 58 times oversubscription, you would get allotment of such shares? Please share your views.
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Suresh
Snowman Logistics IPO oversubscribed 59 times
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hi suresh,
what is the right price to sell the alllotted Snowman shares? is it going to touch 150 in the near future? should we hold this for a little longer duration or book profits at the current market price?
thanks in advance.
Difficult to say as it depends on investor sentiment. I bought some shares at 90 avg. Looking to make some money once it crosses 120. I am hoping that it would reach my target
hi suresh.
when i tried to buy snowman on market pricce, it said they are available on TT basis.
can u please explain what that means. anyway i bought a few shares and want to know abt future trading of them, when to sell, tgt price?
Sandeep, TT refers to Trade to Trade basis. Means you cannot buy today and sell them immediately. You need to take delivery of shares and then sell. Means you can sell them only after 3+ days after buying. This is done to ensure that promoters or stock brokers to not manupulate stock price and sell for profits.
Hi Suresh,
I have applied for 90 shares of Sharda and allotted 0 Shares. Still no luck even in this.
Check the Allotment here
http://mis.karvycomputershare.com/ipo/
Any luck for you?
Regards
Ram
Any idea on allotment procedure followed in iPo of snowman logistics
Hello,
Snowman Logistics listed on BSE today. Huge buying orders,! Suresh Ji shall one can buy on this cap? or wait for correction.
Please suggest.
I tried buying at 78.5, no luck. I would still try on Monday. I feel one can still buy as there is huge demand
Thank you Suresh Ji for the suggestion. I am planning to buy 1000shares on monday 🙂
I applied for 1800 Shares but got 0. Does any one know on what basis allotment happened? Last time i applied for Wonderalla Holiday that also i got 0. So i want to understand like is they allot based on First Come First Serve. Or there is something else.
Please share your your thought that will help me in trying my luck next time.
Thanks.
They have done in consultation to stock exchange and some methodology. I need to analyse more
Dear Sharad ,
Allotment was done on the basis of draw of lots in the ratio of 13:235 i.e. among every 235 person applied 13 will be alloted with the minimum lot quantity which is 300 in case of SNOWMAN irrespective of the no. of shares applied for.The same approach was used in case of CARE IPO also. It seems these days when an IPO gets oversubscribed to an extent that each applicant cant get a minimum lot also exchange wil go for draw of lots in the ratio of subscription received.
Dear Mr. Suresh
I am not lucky so I didn’t got any allotment of snowman ipo. Now what can do ?
I can buy on listing day or just avoid?
What is your strategy on this ipo ?
Hi Suresh,
Even I am one of the unlucky ‘many’ who did not get the Snowman shares allotted. Will there be any disclosure from Snowman as to how the allotment process was taken up ?
Suresh,
Do you have any idea what is the procedure adopted for allocation as have applied for 1200 and entire amount got refunded..
I did not get any shares of snowman:( entire amount refunded back to account:(:(
Hello Suresh Sir!
How can I check allotment status. My account shows “ACCEPTED”.
Morning Suresh,
My money return back to my bank account which I subscribed for snowman ipo.
Seriously, I have no idea which basis company alloting. I subscribed very first day and first hour.
Anyways all the best for you and others.
Cheers
Parthi
Hi Suresh,
thanks for the article. Now that allotment is done , what should be the strategy. should we hold or sell on listing day. I sold wonderla during listing and see where it is now. what is your advise on snowman?
You can buy on listing provided it has not gone too high
sorry I mean to say I have got allotment of 300 shares . so will it be good to wait and watch or sell on listing?
Congrats. If you get good amount of 30% to 50%, you can sell
thanks Suresh and good luck for you for the next IPO :)-
It is running @ 78.75 can we buy these shares now?
I tried today even at this price, no luck, only buyers. Would try on Monday. You can still buy Kishore
Dear Sir,
It was my 1st IPO investment. I invested 300shares@Rs.47 on the1st day itself and that too in the morning. But today i noticed entire amount of Rs.14100 refunded back to my account. This means that i havent been allotted any shares?
Regards,
Tabish
Yes Tabish, you are not allotted with shares. Even me too received refund 🙁
Oops… They returned my amount too 🙁 unlucky … I’ve applied on the first day itself. Suresh, What is the strategy behind this. Is there any process we get the shares. Please dig a bit deeper
Hi Suresh,
I have applied for 300 shares in first 1.5hrs of opening but still I didn’t get any allotment and money Rs. 14100 got refunded to my bank account.
Is there any luck for you?
Thx
Ram
Ram. No luck for me too 🙁
Thanks for the Reply and as well as your detailed reviews on IPOs.
Can you please write you thoughts on “Shemaroo Entertainment Limited” IPO which opening on 16/09.
Thanks in Advance.
Ram
It is posted today
Thanks for the Reply and as well as your detailed reviews on IPOs.
Can you please write you thoughts on “Shemaroo Entertainment Limited” IPO which opening on 16/09.
Thanks in Advance.
Ram
It is on the way You would see tomorrow
Another bad luck to me. No shares allotted. 🙁
Even me too. I have not received anything 🙁
Dear mr.Suresh,
Thanks for your precious postings in learning about financial aspects in a simple and understandable manner. Me too applied for this snowman for min lot of 300 nos which is my first venture into stocks. Can you please brief if a company is already listed and if they are going to release an IPO (say for eg. ONGC or SAIL which may release in the next couple of months or so) – is it advisable to wait and buy that IPO or it is better to buy in the prevailing market prices itself.? Also, what is this FPO from IDFC? do we have to wait for FPO or buy in the current market which is advantage.? Awaiting your feedback and clarity.
Hi Swami, FPO is Follow on Public Offer. Means existing companies listed in stock markets would issue fresh shares. You can wait for FPO to take a decision as to what price they are offering.
Hi Suresh,
Please let me know the deatiled process for Redeeming IPOs .i have demat account and have invested in IPO this year.
regards
Santosh
Santosh, Once you apply for “IPO and allotment happens, these are credited like any other shares into your demat account. You can sell them like any other shares from Mon to Friday between 9 am to 4 pm thru BSE and NSE
Hi Suresh,
Going by your suggestion I have applied for 300 shares of Snowman. Hoping for a good return on the investment. Would there be any lock-in period for the shares post listing?
No Raj. You can sell on day-1
hi suresh
i booked 900 shares of this IPO and that order got executed. so will i receive the entire 900 shares or it can get revised based on the over subscription and i might get only 300 or nothing based on lottery system?
thanks
Nikhil, It is 60 times oversubscribed. Snowman would discuss with stock exchanges and indicate the allotment process. We may get maximum of 100 shares per person/per account
when will the remaining money get refunded back?
It should be refunded within 2-3 weeks
Hi Suresh,
How to apply for an IPO under HNI category. Is it only for a big value or any other terms. Please explain.
Thanks in Advance.
Dear Suresh,
Me too applied for 300 shares…. hope to get share if not once listed to BSE/NSE…. Would love to buy
I guess it would be ratio based allocation. So the no of shares bided to oversubscription. If they put minimum shares biding tht would be interesting
I have applied for 2 lots…hoping to get atleast 1…The last ipo i applied was MOIL 2-3 years back and didnt get a single lot:(…
Hello Suresh Sir,
If in case investors don not get a single lot for this IPO, can we purchase shares once this IPO gets listed. If yes, after how much time of listing can one buy shares and at what price band should the shares be brought once it gets listed?
Thanks
Vijay, yes you can buy once it is listed on stock exchanges. The price depends on the buyers.
Hi ,
I have applied for 3000 shares.
When can we expect an update on whether shares are alloted to us or not ?
Dear KP, me to applied for 300 shares. I guess i'm not going to get even a single share from this IPO, as it's overwheeming response. hoping for the best to get some shares. 🙂
Hi,
What is this listing price you mentioned between Rs. 70-75. It was Rs. 44-47 and I used 45 for 300 shares. So, what is that listing price in range of 70-75. Thank you.
Satya, I said the shares which you may get at Rs 47 would get listed at Rs 70-75 per share on day-1. This is a probability and if true, you can get 100% return on day-1. Which may or may not happen
Dear Suresh,
I too bought for cutoff price but only a minum amount of 300 shares. Hope I'll be allocated, anyway let's see.
Thank you
Kishore
Good Evening sir,
My self Sagar sehgal.I am using ICICI direct Demat account last 5 months but due to very high brokerage charges i want to change….
Ventura securities is recent highlighted in my eyes.Requesting you to kindly suggust me whether i stay with ICICI Direct or move on to other agencies like ventura,india infotline,sharekan etc…
Regards,
Sagar
Sagar, there are lot of brokers offering this. It depends on what kind of requirement you have. are you trader, investor, frequent investor etc., if you are trader/frequent investor, you can look for low brokerage charges.
Mr. suresh KP,
What is the allotment process? first in first serve or what? My demat account shows statys "Accepted". That means I am going to get … rite?
Suresh.. Thats Great. Me Personally subscribed 1200 shares with higher band (47(. When we talk alloment by the Company. I wonder which basis they consider? Is it by First Come First Seve.
They would discuss with BSE/NSE and consider alloting specific amounts for subscribers (100, 200, 300 etc., shares applied, they can allot 100 as an example). However exact process would be known soon
I do not have any knowledge about IPO. I donot have demat accout so i donot able to apply for this. Sir in future i would like to go for IPO. What Should i do. Should i open demant account first. I am not doing trading in share. Then also should i open demat account.
Yes, first you need to have demat account
Wow this is the best info. Where can i buy? and how much did you pay per each?
You need to have demat account. I subscribed at cut off price of Rs 47
Dear Suresh, I have applied for 300 shares. I just need to know the probablity of allotment of shares and if allotted what will be the number of shares to the investor…whether 100, 200 or 300.
Let us wait and see the allotment proceas
If IPO is over subscribed more than 1 time then those who have applied for more than one lot, as per new SEBI rules, will get maximum 1 allotment only, if selected in lottery. So allotment will be based eintirely on lottery and every investor who wins it, will have maximum one lot of 300 shares.
~RANCHO~