Snowman Logistics, an integrated temperature controlled logistics service provider, issue will close on Aug. 28, 2014. It is offering 42 million equity shares of Rs 10 each. It has set price band between Rs 44 and Rs 47 a share.

At the higher end of the price band, the company is expected to raise Rs 1.97 billion.

The issue will constitute 25.23% of the fully diluted post issue paid up equity share capital of the company.

The issue has been graded by CRISIL as 4/5, indicating that the fundamentals of the issue are above average in relation to other listed equity securities in India.

The book running lead manager (BRLM) to the issue is HDFC Bank.