Snowman’s IPO subscribed 60 times

THE ECONOMIC TIMES Mon, Sep 01, 2014 | 10:04 AM IST IPO Newsletter

Snowman's IPO subscribed 60 times Snowman's IPO subscribed 60 times Based on the upper band price, Snowman would raise Rs 197 crore from the IPO. Total bids received add up to Rs 9,200 crore. Snowman may be a cool long-term buy Snowman may be a cool long-term buy Investors may subscribe to the issue over a mediumto long-term horizon. The IPO is opening on Tuesday and will close on August 28. 'Subscribe' to Snowman Logistics, say brokerages 'Subscribe' to Snowman Logistics, say brokerages SBICap Securities is of the view that SSL is strategically placed to tap growing demand in temperature-controlled logistics (TCL) business. Govt to give in-principle nod for UTI MF IPO soon Govt to give in-principle nod for UTI MF IPO soon UTI Asset Management Company deferred its IPO owning to uncertain market conditions. The fund house had proposed to sell 4.8 crore equity shares through IPO. Tiles maker RAK India plans to go public Tiles maker RAK India plans to go public RAK India, domestic arm of UAE-based tiles maker RAK Ceramics, is planning to go public through an initial public offering when market conditions become conducive.

Company Name Issue Size Status Date of Relevance Volume   Sharda Cropchem Ltd. 1231509864.00 Upcoming 05/09/2014 to 09/09/2014 145-156 Snowman Logistics Ltd. 197400000.00 Close 26/08/2014 to 28/08/2014 47.00

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News Digest: Air force employee held for 'spying'

		THE TIMES OF INDIA
		Monday, September 01, 2014
		Today's Headlines

		India
		Air force employee held for 'spying' An IAF employee based at Pathankot in Punjab was arrested on charge of passing on strategic information about the air force station to a Pakistani woman, police said yesterday. Eligible for marriage only if you have an elite education A series of matrimonial sites have been launched to pair the academically privileged as more youngsters find a common college experience is key to compatibility. Consumer as king: 'No depreciation on reinstatement policies' Depreciation cannot be made applicable to policies issued on reinstatement basis, as per a recent ruling of the national commission in the New India Assurance vs Kamboj Ultra Sound & Diagnostic case. More India News»

		Business
		Govt ready with ONGC share sale The government is set to show the green light to ONGC disinvestment over the next few days as the petroleum ministry has decided to rework the subsidy sharing formula that will help the state-run explorer improve its earnings. Sebi allows govt room to lure retail investors The Securities & Exchange Board of India has decided against giving any immediate relief to the government to boost share sales through follow-on public offers (FPOs), even as it has provided some flexibility in offer-for-sale (OFS) on stock exchanges to boost retail investor participation in the disinvestment programme. Sivasankaran seeks bankruptcy protection NRI businessman C Sivasankaran who rode the telecom wave for two decades is officially bankrupt. More Business News»

		Environment
		Gujarat National Law University to draft two key laws on deep sea mining The US, China, Japan, Russia and South Korea lead this race for the natural wealth that lies untapped beneath the seabed. Obama administration says no deal reached on climate change The Obama administration has strongly refuted reports that it has reached any international agreement to combat the critical global issue. Elusive marbled cat sighted in Buxa Tiger Reserve The recent sighting of an elusive clouded leopard is not the only good news coming in from Buxa Tiger Reserve (BTR) at the moment. There’s more in store. More Environment News»

		World
		Top US senator urges weapons for Ukraine' The head of the US Senate Foreign Relations Committee called on Monday for supplying Ukraine with weapons to fight what he called a "direct invasion" of the country by Russia. ISIS recruits planning 26/11-type attack in UK An ISIS attack on Europe is not just a wild fantasy of Islamic State militants anymore. Obama faces bipartisan criticism over foreign policy President Barack Obama faced criticism over his foreign policy from both Democratic and Republican lawmakers on Sunday as he wrestled with crises in Iraq, Syria, Libya and Ukraine. More World News»

		Entertainment
		When SRK, Alia Bhatt made fun of themselves Many Bollywood celebrities take themselves far less seriously than you’d like to believe — Alia Bhatt’s appearance in a video that parodies her ‘dumb’ image, shows that she’s sporting enough to laugh at herself. OMG: Armaan Kohli to copy Elvis Presley Armaan Kohli will be seen sporting an Elvis Presley-like Pompadour hairstyle in a forthcoming film. Hottest pin up girls of Bollywood With her bold and bindaas approach Poonam Pandey has surely made a special spot for herself in the list. More Entertainment News»

		Science
		More parents comfortable outsourcing parenthood Many modern-day parents are comfortable off-loading traditional parental duties to professional care-givers, researchers, including one of Indian-origin, have found. Artificial micro-humans to replace animals in lab tests Scientists are creating artificial micro-humans that will eliminate the need for using animals in laboratory testing. Women more addicted to cellphones than men: Study Women may be more inclined to use cellphones for social reasons such as texting or emails to build relationships and have deeper conversations, the study suggested. More Science News»

		Sports
		Balotelli misfires but Liverpool wins at Spurs Liverpool's speedy attacking unit produced a 3-0 victory at Tottenham on Sunday though Mario Balotelli failed to score on his return to the EPL. Chen inflicts more world title woe on Lee China's Chen Long won the men's badminton world singles title inflicting Malaysia's world number one Lee Chong Wei's third successive defeat in the final. Marc Marquez wins British MotoGP Runaway world championship leader Marc Marquez made it 11 wins from 12 races this season on Sunday as he won the British MotoGP at Silverstone. More Sports News»

		Technology
		Tech toys for motorcycle heads Here’s a bunch of ways of bringing Tech into your lonely motorcycle commutes or to spice up long rides out of town. 7 gadgets that are great investments As opposed to the norm, these are halo products that will not get easily obsolete — they will continue to function well (sometimes over several years) though they may be more expensive to purchase initially. Oracle loses bid to restore $1.3bn SAP verdict Oracle failed to revive a $1.3 billion verdict in its dispute with SAP as a US court said Oracle must choose to accept a lower amount or face a new trial. More Technology News»

		Education
		A renewed interest S Ayyappan, secretary, department of agricultural research and education and director general, Indian Council of Agricultural Research, who won the GM Modi award for science and technology 2014, talks to Rahat Bano about the scope in his field. Grievance redressed? Every university has to appoint an ombudsman under the UGC (Grievance Redressal) Regulations, 2012, Union human resource development minister Smriti Irani told the Rajya Sabha recently. But will this help students? The price of success A survey by a UK varsity reveals the incentives parents offer to their children for examination success. More Education News»

		Mumbai
		Environmental nod must for rehab sites, state panel says All rehabilitation sites must have an environment clearance before a rehabilitation project is approved, the state environment appraisal committee-I (SEAC-I) has recommended. 35 Indians dive 13,500 feet down the sky in tandem to set world record At 55, gem and jewellery businessperson Anju Bansal was the second eldest in the group, but neither her age nor a fresh injury on her leg deterred her from taking the plunge, literally. Woman attacked, robbed of bag A 44-year-old homemaker, Farida Shaikh, was attacked by a thief who slashed her with a blade on her back and shoulder and snatched her handbag near the railway station in Seawoods. More Mumbai News»

		Delhi
		Monsoon magic returns to Delhi, wet week ahead Delhiites enjoyed a wet weekend after suffering a long dry spell in the middle of the rainy season, as monsoon magic returned to a parched northwest India. 4-year-old sexually assaulted in Delhi A four-year-old girl was sexually assaulted by a minor in outer Delhi's Begumpur area Rain slows down traffic in Delhi Waterlogging and traffic jams were reported from various parts of the city on Sunday More Delhi News»

		Bangalore
		He shelters stray horses Ganesha, an abandoned horse, wandered on the streets of Banashankari for 10 years. In 2011, he was rescued and sent to a shelter — a six-acre Rare Earth Farm, off Kanakapura Road. Around 20 years old, Ganesha horses around in the farm now. Banker wins fight against transport firm Banker Madhava VP was in for a rude shock when he opened the consignment of his household goods transported from Faridabad, Haryana to Bangalore. His treadmill was damaged. So were three dining chairs and the computer table. Want compensation for dog bite? Show voter ID If you are bitten by a stray dog and want the BBMP to compensate you, keep your voter ID card handy. More Bangalore News»

		Hyderabad
		Employees in a quandary: To shift out of Hyderabad or not, that is the question The recommendations of the Sivaramakrishnan committee have further compounded the confusion among government employees over shifting to the proposed temporary capital of Vijayawada. Artist, film director Bapu no more Born Sattirajuin Lakshmi Narayana in 1933, Bapu spent his childhood years in Narsapur in West Godavari district of Andhra Pradesh. My son was murdered, IPS officer's father says Manu Mukt Manav, the trainee IPS officer who mysteriously drowned at the National Police Academy’s pool on Friday, was an expert swimmer. More Hyderabad News»

		Chennai
		Plastic waste as industrial fuel: New plan may hold garbage fix People in the city started an active civic movement to clean the city’s beaches and roads in the ’90s. With the garbage problem completely out of hand 20 years later, and Corporation of Chennai’s plan to close the city’s dump yards at Kodingaiyur and Pallikarnai likely to be delayed by a full four years, a coalition of voluntary organisations has come up with a plan to help the civic body sort out the mess. Corporation ducks RTI queries on disease, deaths The tenacity of Corporation of Chennai’s health department — down with a severe and apparently incurable type of noinformationitis — is formidable to say the least. No matter how many requests for data it receives on diseases or deaths, it will not capitulate. Family kills two of its own in six months for property A man who was picked up for a drunken brawl on Saturday spilled the beans about two murders, mistakenly assuming that he was nabbed by police for the murders, leading to the arrest of six people. More Chennai News»

		Ahmedabad
		Baby python kept in captivity rescued from Navrangpura A one-year-old Indian Rock Python found in captivity at a tea stall a few metres away from Navrangpura police station was rescued on Saturday night by animal rights activists. Crowdfunding helping budding entrepreneurs realize their dreams In 2007-08, Karan Pujara, 15, set out to study diploma from a premier institute in the city, he found it difficult to buy high-priced books for his studies. ISI conspiracy case of 2003: I was arrested for poll reasons, Maulana Abdul Kavi says Maulana Abdul Kavi, 58, the Hyderabad cleric recently granted bail in the ISI conspiracy case of 2003, said on Sunday that he had been falsely implicated in the case. More Ahmedabad News»

		Allahabad
		SRTC scraps concession to physically disabled The Uttar Pradesh state road transport corporation (UPSRTC) remained unfazed of the pleas by physically challenged seeking revocation of the decision of scrapping the concession provided to them due to heavy losses to the corporation. However, the 100% physically disabled persons have been given free of cost travel as oppose to 40% concession provided earlier. Water-borne diseases spreading in Manda, Koraon blocks Supply of contaminated water is the key reason behind spreading of water-borne diseases in villages falling under Manda and Koraon blocks. Health teams visited several villages after death of eight children and revealed that villagers have no source to get pure and fresh potable water. AU prof designs cost-effective solar-based system to overcome power crisis Even as the entire state is reeling under acute power shortage, a professor of Allahabad University and his students have come up with a cost-effective solar-based system to overcome the power crisis. The prototype has shown encouraging results promising of harnessing more solar power from the same solar cells as compared to conventional method. More Allahabad News»

		Bhubaneswar
		Students in state to miss date with Modi on Teachers' Day Teachers' Day this year will be different for schoolchildren across the country as Prime Minister Narendra Modi will address them live. Villagers give stolen bikes to cops People of a politically-sensitive village in Puri district handed over 50 stolen motorcycles, worth over Rs 20 lakh, to the police on Saturday. NIFT to promote Odisha art and craft The National Institute of Fashion Technology (NIFT), Bhubaneswar, opened the new department of fashion design on Saturday and decided to promote the state's rich art and culture through it. More Bhubaneswar News»

		Bhopal
		Entry of vehicles banned from main gate at Habibganj station anticipating Shatabdi rush From Monday parking arrangements at Habibganj would change and no vehicle would be allowed entry to the station from the main gate that would be used for exit. BDS scam: BU ex registrar changed centre Special Task Force (STF) probe into BDS scam held former Barkatullah University (BU) registrar Sanjay Tiwari accountable for deciding change of centre a day ahead of examination. MP second in ragging, number up by 2 times in one year In yet another dubious distinction, Madhya Pradesh stood second in the number of ragging complaints filed from the state on the anti-ragging portal of University Grant Commission (UGC) filed so far this year. More Bhopal News»

		Chandigarh
		BJP flouted coalition code: Shanta Within days of Punjab chief minister Parkash Singh Badal voicing his displeasure over the induction of former state DGP and SAD leader Paramdeep Singh Gill into BJP in Jammu, BJP's Punjab affairs in charge Shanta Kumar ticked off his party for flouting the coalition code. Security cover proves costly for man who spilled beans on Punjab Police Jagjit Singh, who filmed Punjab Police officials thrashing a woman in Tarn Tarn in 2013, after which he was given security cover, has concluded he was better off without protection. Campaign rolls on, PUSU heads for Kasauli Student parties in Panjab University are going all out to win the elections.On Sunday, Panjab University Students Union (PUSU) organized a trip for students. More Chandigarh News»

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