Snowman Logistics Ltd IPO opens on Aug 26. CRISIL has assigned the IPO Grade 4/5 Snowman Logistics Ltd (Snowman) provides niche services in the cold chain industry with a promise of continued strong operating performance. We recommend a SUBSCRIBE to the issue with a long-term investment objective. Key Investment highlights Current state of India’s Cold Chain Industry coupled with high growth in end user industry offers immense potential for growth ‘Source to Store’ model with pan India presence gives Snowman an edge over the peers Best in-class service allows it to charge premium from the customers High revenue growth and strong EBITDA margin profile to eventually convert into better net profit margins and RoE Strong promoter and investor base Risk factors Failure to retain one or more of Top 20 customers may impact financials Delays in setting up warehouses may lead to cost overruns Inability to pass the cost hike may hinder margins
Posted on: Mon, 25 Aug 2014 09:30:36 +0000
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