Shares of logistics service provider Snowman Logistics today listed with a premium of nearly 62 per cent against the issue price of Rs 47 per share.
The company's scrip debuted at Rs 75, up 59.57 per cent from the issue price on the BSE.
Similarly, Snowman Logistics' stock listed at Rs 76 on the NSE as compared to the issue price of Rs 47, reflecting a gain of 61.7 per cent.
The company is an integrated temperature controlled logistics service provider.
Its initial public offer had opened on August 26 and closed on August 28. The IPO had seen a great demand and was over-subscribed nearly 60 times.
Snowman, which began its business in 1998, caters to various products including dairy products, ice-cream, poultry and meat, seafood, fruits and vegetables, healthcare and pharmaceutical products.
Snowman's was the second IPO to hit the capital market this financial year after that of amusement park operator Wonderla Holidays in April.
