PE-backed Snowman launches India IPO
Snowman Logistics, the PE-backed cold chain unit of Gateway Distriparks, is aiming to raise up to INR1.97 billion after launching its India IPO this week - the first since the country voted in a new government last May.
Anchor investors - including private equity firm Faering Capital and several hedge funds - subscribed to 9.45 million shares at INR47 apiece, raising INR444 million. The pricing is at the upper end of...
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