Snowman raises Rs 44 cr from anchor investors

The provider of cold storage warehousing facility plans to raise nearly Rs 200 crore its IPO, which will be open till Thursday

Snowman Logistics today raised Rs 44.4 crore from three anchor investors, ahead of its initial public offering (IPO) which opens tomorrow.

The anchor investors include IDFC, ICICI Prudential and Faering Capital.

Snowman, provider of cold storage warehousing facility, plans to raise nearly Rs 200 crore from its IPO, which will be open till Thursday.

The company has priced the issue in the range of Rs 44 and Rs 47 per share.

Anchor investors were allotted 9.45 million shares at Rs 47 apiece.