Snowman Logistics bringing the issue at price of Rs 44-47 a share which will turn out at a p/e multiple of 32-34 on post issue FY'14 eps of Rs 1.40.

Commenting on the above, Hem Securities said, ''The company has grown at CAGR of more than 50% in its bottomline from Fy'10 to FY'14 while topline of company has registered CAGR of more than 40% during the same periods.

Also, company has posted strong operating and net profit margin. With the strong growth prospects of cold chain industry and company being a leading integrated cold chain player in India with presence across the value chain of the industry, the issue looks attractive destination to deploy the funds.

Hence we recommend ''Subscribe'' the issue for investment purpose."

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