PE-backed Snowman jumps 67.5% on India debut
Snowman Logistics - the PE-backed cold chain unit of Gateway Distriparks - gained 67.5% on its first day of trading on the Bombay Stock Exchange.
The stock closed at INR78.46 in a flat Mumbai market, a substantial increase on the IPO price of INR47. As of Monday morning, Snowman was trading at about INR83.75. The company raised INR1.97 billion...
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