Snowman Logistics gains on starting construction of new temperature-controlled warehouse facility in Pune
Snowman Logistics is currently trading at Rs. 53.30, up by 0.33 points or 0.62% from its previous closing of Rs. 52.97 on the BSE.
The scrip opened at Rs. 53.42 and has touched a high and low of Rs. 53.63 and Rs. 53.30 respectively. So far 1627 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.80 on 09-Oct-2024 and a 52 week low of Rs. 42.97 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 55.05 and Rs. 51.41 respectively. The current market cap of the company is Rs. 892.92 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 4.23% and 45.77% respectively.
Snowman Logistics has commenced construction of a new temperature-controlled warehouse facility in Pune that is being developed under the Built-to-Suit (BTS) model by Whitecastle Infra, who are experienced developers in the region. The company already operates 16,000 pallets in Pune, and aims to target the fast-growing demand in the region for high quality temperature-controlled services with the addition of this new facility of 5,900 pallets, scheduled to be operational by June 2026.
The facility is designed to cater to a wide range of industries that are prevalent in the Pune region including Ice Cream, Chocolates, Dairy Products, Quick Service/Fast Food Restaurants (QSR), Coffee chains, Meat, Poultry, Seafood, Pharmaceuticals, and other industrial goods that require temperature-controlled storage and distribution.
Snowman Logistics is the market leader in integrated temperature-controlled logistics services, catering to the varied cold chain logistical requirements of its clients, on a pan-India basis.
