Cold storage co Snowman Logistics jumps 70% on listing

Cold storage company Snowman Logistics Ltdjumped 70 percent on listing.

Snowman’s initial public offer was subscribed 59.75 times, exchange data showed.

The issue price was fixed at Rs 47 a share but it started trade at Rs 75 a share.

Parent Gateway Distriparksalso gained 1 percent.

Other logistics firms also gain on relative valuations.

Gatijumped 3.1 percent, Container Corp of Indiagained 0.6 percent, Balmer Lawrie and Coadvanced 0.4 percent.

Agencies