Ice Make Refrigeration IPO

Ice Make Refrigeration IPO

Ice Make Refrigeration IPOBusiness description from prospectus – Ice Make Refrigeration is a refrigeration equipment manufacturer, engaged in providing cooling solutions. It provides cooling solutions for cooling systems and accessories used in industries such as dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail, among others. The company classifies its business into the following 4 verticals: (i) Cold Room (ii) Commercial Refrigeration (iii) Industrial Refrigeration and (iv) Transport Refrigeration. It operates business verticals under the brand of “Ice Make”.

In December 2016, it acquired ‘Bharat Refrigerations Private Limited’, a company based in Chennai, engaged in a business similar to its business, which is now a wholly owned subsidiary. Bharat Refrigerations Private Limited is present in the above business verticals through the brands named ‘Bharat’ and ‘Trans Freez’.

The manufacturing facilities of Ice Make Refrigeration are located at Dantali, Gujarat and the manufacturing facilities of its wholly owned Subsidiary are located at Chennai, Tamil Nadu. Its dealers and associates are present in the cities of Bikaner, Cochin, Cuttack, Goa, Hubli, Jodhpur, Kolhapur, Kolkata, Nagpur, Patna, Pune, Pondicherry, Trivandrum, Kathmandu and Colombo.

Promoters of Ice Make Refrigeration – Mr Chandrakant P Patel, Mr Rajendra P Patel and Mr Vipul I Patel

Ice Make Refrigeration IPO details

Subscription Dates28 - 30 November 2017
IPO Price bandINR55 - 57 per share
Fresh issue 4,160,000 shares (INR22.88 - 23.71 crore)
Offer for sale Nil
Total IPO size4,160,000 shares (INR22.88 - 23.71 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform

Ice Make Refrigeration's financial performance (in INR crore)

FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue40.539.350.671.887.923.0
Total expenses39.338.049.267.880.120.8
Profit after tax0.80.90.92.65.11.5

Ice Make Refrigeration Contact Details

Ice Make Refrigeration Limited
Survey Number 227, Dantali Industrial Estate
Gota Vadsar Road, Near Ahmedabad City
Taluka Kalol, Gandhinagar 382721

Phone: +91 9879107881
Email: [email protected]
Website: www.icemakeindia.com

Ice Make Refrigeration IPO Subscription Details

Day   Subscription (no. of times)
Day 15.91
Day 225.37
Day 3259.74

Ice Make Refrigeration Valuation (latest FY)

Earnings Per Share (EPS): INR4.42

Price/Earnings (P/E) ratio: 12.44 - 12.89

Return on Net Worth (RONW): 32.91%

Net Asset Value (NAV): INR21.50 per share

Registrar of Ice Make Refrigeration IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]
Website: http://www.linkintime.co.in

Ice Make Refrigeration IPO Allotment Status

Ice Make Refrigeration IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Ice Make Refrigeration IPO

IPO Opening Date: 28 November 2017

IPO Closing Date: 30 November 2017

Finalisation of Basis of Allotment: 5 December 2017

Initiation of refunds: 6 December 2017

Transfer of shares to demat accounts: 7 December 2017

Listing Date: 8 December 2017

Listing Price on NSE SME: INR68.4 per share (up 20% from IPO price)

Closing Price on NSE SME: INR68.4 per share (up 20% from IPO price)

90 COMMENTS

  1. 3 uc in a row.. Expecting 2 more.. According to me it will surely 5x within an year. Please do your research before buying or selling. Happy investing

    • Its a small company with around 128 cr market cap. But the possibilities are unlimited. It has a potential to become a multibagger 10x within 2 years. The management is very capable and the company is the market leader in that space with many satisfied customers so hopefully it will grow in the coming years

  2. Mark my word.. This will bebecome 5x in one year. Market leader in a secror which has high potential to grow in the coming years. Buy and keep it for long-term. Please do your analysis before buying and dont blindly take anyones words

  3. I want to buy.. but no seller on friday.. till what price can it go? Till what price should i buy? What is target price of ice make?

  4. Looks good company. Applied for 1lot..but no hope
    How people are getting shares in grey market?? Then no chance for those applying online? Frustrated with IPOs. Applied more than 10 IPOs this year but never got any allocation 🙁

  5. Such high subscription and so much negativity here. Looks someone wants the IPO to fail! But it is already successful…haha!!!

  6. Good for listing gain.. But not much space in this sector if any other copeteror came into this sector
    … Chances for dropping price after listing.. Exppect 20% up in listing

  7. CAN WE SELL THE SHARES AFTER LISTING IT LIKE WE SELL OTHER SHARES IN NORMAL TRADING ???
    PLZ ADVISE HOW TO SELL ALLOTED SHARE AFTER LISTING

    • Looks like a good company to me. You will need to check with your broker, they can help in selling the application in grey market. Online brokers are useless for this.

  8. One Of the Leading Company of the India In Refrigeration as per Growth Index of Company…..
    I am interested to subscribe the IPO

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