Snowman Logistics jumps on expanding network with 2 new temperature-controlled owned warehouses
Snowman Logistics is currently trading at Rs. 60.85, up by 1.18 points or 1.98% from its previous closing of Rs. 59.67 on the BSE.
The scrip opened at Rs. 59.40 and has touched a high and low of Rs. 61.85 and Rs. 59.40 respectively. So far 28127 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.55 on 23-Sep-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. 61.85 and Rs. 57.62 respectively. The current market cap of the company is Rs. 1015.56 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 3.72% and 46.27% respectively.
Snowman Logistics has completed construction and commencement of operations of its 2 owned new state-of-the-art temperature-controlled warehouses in Kolkata and Krishnapatnam. The Kolkata facility has a capacity of 5,630 pallets, and the Krishnapatnam facility has a capacity of 3,927 pallets, bringing the total capacity of the company to 1,50,754 pallets, spread across 43 warehouses in 20 cities. In addition, the company operates 296 owned and 325+ leased refrigerated vehicles pan India.
These new facilities are equipped with cutting-edge technology incorporating automation to increase operational efficiency, and will cater to a wide range of industries, including seafood, ice cream, dairy products, ready-to-eat meals, quick service restaurant (QSR) items, confectionery, bakery products, fruits and vegetables, and pharmaceuticals.
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.
