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 Dates 28 - 30 November 2017
IPO Price band INR55 - 57 per share
Fresh issue 4,160,000 shares (INR22.88 - 23.71 crore)
Offer for sale Nil
Total IPO size 4,160,000 shares (INR22.88 - 23.71 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

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

FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 40.5 39.3 50.6 71.8 87.9 23.0
Total expenses 39.3 38.0 49.2 67.8 80.1 20.8
Profit after tax 0.8 0.9 0.9 2.6 5.1 1.5

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

Day    Subscription (no. of times)
Day 1 5.91
Day 2 25.37
Day 3 259.74

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

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

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)

Ice Make Refrigeration IPO
Rate this post

99 thoughts on “Ice Make Refrigeration IPO

  • December 27, 2017 at 4:32 PM
    Permalink

    What is the main role of market maker in SME stock market ?

    Reply
  • December 20, 2017 at 11:40 AM
    Permalink

    Brought @104 should i hold or sell?

    Reply
    • December 20, 2017 at 2:35 PM
      Permalink

      Hold and wait for 1 year your money will surely get doubled

      Reply
    • December 21, 2017 at 1:09 PM
      Permalink

      Looks like a wonderful company with large number of customers within India and company exporting their products to more than 10 countries.

      Reply
  • December 19, 2017 at 9:38 AM
    Permalink

    Heard some rumor, one marquee investor going to aquire stake in ice make india? Is it true? Then it wipl pass 200 bery soon

    Reply
    • December 19, 2017 at 8:51 PM
      Permalink

      Kaha suni ye rumour?

      Reply
    • December 20, 2017 at 10:31 AM
      Permalink

      Its a good company. They are doing really well i know personally

      Reply
    • December 20, 2017 at 2:37 PM
      Permalink

      Its only a 150 cr market cap company out of that only around 35cr floating so no chance for big investors. But company is promising and can expect multibagger returns

      Reply
  • December 19, 2017 at 9:22 AM
    Permalink

    Great opertunity to accumulate. After few sessions it will start moving towards 200 today brought 5 lots for long-term. Wonderful company with dedicated management

    Reply
  • December 14, 2017 at 10:22 PM
    Permalink

    Tomorrow UC.. those who are holding .. enjoy

    Reply
    • December 15, 2017 at 12:32 AM
      Permalink

      Yes tomorrow definitely UC but unfortunately today i sold my share 🙁

      Reply
  • December 12, 2017 at 3:37 PM
    Permalink

    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

    Reply
    • December 12, 2017 at 5:28 PM
      Permalink

      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

      Reply
  • December 12, 2017 at 11:02 AM
    Permalink

    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

    Reply
    • December 12, 2017 at 12:04 PM
      Permalink

      You are right. Its a high potential company. Brought 2 lots today @ 96.8. Hopefully it will return multibagger. And expecting company will continue its growth in the coming years. Holding for next 2-5 years

      Reply
    • December 12, 2017 at 12:27 PM
      Permalink

      Fundamentally strong company with experienced management

      Reply
    • December 12, 2017 at 12:29 PM
      Permalink

      From my primary analysis company looks a multibagger and allmost every stock advisors are really positive about the company. Brought 1 lot today

      Reply
  • December 12, 2017 at 9:42 AM
    Permalink

    Hoooo finally i got my shares

    Brought at 97 and will keep atleast 2-3 years

    Reply
  • December 12, 2017 at 9:37 AM
    Permalink

    I sold all my shares to buy this company.. Will it worth?

    Reply
    • December 12, 2017 at 9:58 AM
      Permalink

      Yea hold for few years it will definitely give multibagger returns

      Reply
  • December 12, 2017 at 9:36 AM
    Permalink

    Wonderful company with wonderful management

    Reply
  • December 12, 2017 at 9:29 AM
    Permalink

    Buy and target 250 within 1 year

    Reply
  • December 12, 2017 at 9:28 AM
    Permalink

    Company have lot of potential buy and keep it for long-term

    Reply
  • December 12, 2017 at 9:27 AM
    Permalink

    Good time to buy it will be a multibagger

    Reply
  • December 11, 2017 at 9:23 AM
    Permalink

    Looks like people traped.. No sellers

    Reply
    • December 11, 2017 at 9:29 PM
      Permalink

      No seller is a trap?? what did u mean to say by that actually?

      Reply
  • December 11, 2017 at 1:49 AM
    Permalink

    I also want to sell some..what to do.. Should i sell some or keep it?

    Reply
  • December 10, 2017 at 3:03 PM
    Permalink

    Why i am not able to sell half of the shares? Alloted 2000 and i would like to sell 1000 now… Please reply

    Reply
    • December 10, 2017 at 6:43 PM
      Permalink

      That’s what SME stocks are…illiquid. Their lot size is quite high and you can nt sell less than that!

      Reply
    • December 11, 2017 at 1:05 AM
      Permalink

      U can not sell half.. lot size is 2000.. trade will always in multiple of 2000

      Reply
    • December 11, 2017 at 1:47 AM
      Permalink

      Oops.. So will i get trapped here?

      Reply
      • December 11, 2017 at 9:25 PM
        Permalink

        How is that? Either sell 2000 or 2000 ..what is trap in that.. that is lot size.. in every sme ipo lot size is fixed.. what is trap in that ? I didn’t understand

        Reply
  • December 10, 2017 at 1:51 AM
    Permalink

    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?

    Reply
    • December 10, 2017 at 3:02 PM
      Permalink

      Will go down after the initial boom.. Its better to buy that time.

      Reply
    • December 11, 2017 at 9:27 PM
      Permalink

      Tomorrow will also be uc.. but volume will b der. So tomorrow it can be bought.i think there will be uc 2 more days

      Reply
  • December 8, 2017 at 10:39 AM
    Permalink

    People are mad about ipos 😀

    Reply
  • December 8, 2017 at 9:19 AM
    Permalink

    Why i cant sell half of the share?

    Reply
  • December 7, 2017 at 7:27 PM
    Permalink

    Is it possible to seel half of the lot tomorrow?

    Reply
  • December 7, 2017 at 7:26 PM
    Permalink

    Can sell tomorrow?

    Reply
  • December 7, 2017 at 3:06 PM
    Permalink

    Good buy if the listing price below 60 avoid uf its more than that

    Reply
  • December 6, 2017 at 8:47 PM
    Permalink

    Applied but alloted…

    Reply
    • December 11, 2017 at 9:30 PM
      Permalink

      What us meaning of applied but alloted?

      Reply
  • December 6, 2017 at 6:37 PM
    Permalink

    Applied but not alloted any and no plan to buy

    Reply
  • December 6, 2017 at 6:32 PM
    Permalink

    Shares alloted… Hooooo.. Finally…
    Will sell half of them if listing price more than 65

    Reply
    • December 6, 2017 at 6:38 PM
      Permalink

      Go down below listing price at current market conditions

      Reply
  • December 6, 2017 at 3:13 PM
    Permalink

    Sar allotment date and time

    Reply
    • December 6, 2017 at 6:39 PM
      Permalink

      Allocation is done you can check from website using your panno

      Reply
  • December 6, 2017 at 1:28 PM
    Permalink

    ALLOTMENT KAB HE AUR LISTING ME KYA BHAV A SAKTA HE

    Reply
  • December 4, 2017 at 4:10 PM
    Permalink

    There will be a rush along with listing so wait for a correction. Few days after listing there will be a correction and buy that time

    Reply
  • December 4, 2017 at 2:57 PM
    Permalink

    Can I Buy ice make share after listing from market

    Reply
  • December 3, 2017 at 11:49 PM
    Permalink

    Listing wi be 60-70

    Reply
    • December 4, 2017 at 10:31 AM
      Permalink

      wait kar sakte he 100 ane me listing k din jo aye vo bechdena chahiye pls reply

      Reply
  • December 2, 2017 at 6:21 PM
    Permalink

    Listing ke din kya bhav asakta he

    Reply
  • November 30, 2017 at 11:06 PM
    Permalink

    Listening price will be 100/

    Reply
    • December 6, 2017 at 11:25 AM
      Permalink

      SME me 20% UC or LC hota hai… So listing will be at 68

      Reply
  • November 30, 2017 at 11:04 PM
    Permalink

    300 times subscription means no one will get allotment

    Reply
  • November 30, 2017 at 6:24 PM
    Permalink

    All are crazy about IPOs 😀 do your research on already listed companies.. Plenty of them are far better to invest

    Reply
  • November 30, 2017 at 1:24 PM
    Permalink

    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 🙁

    Reply
  • November 30, 2017 at 1:11 PM
    Permalink

    How can i sell my shares? Got some from grey market

    Reply
  • November 30, 2017 at 11:19 AM
    Permalink

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

    Reply
  • November 29, 2017 at 10:49 PM
    Permalink

    I will be down after the listing

    Reply
  • November 29, 2017 at 10:48 PM
    Permalink

    How can i withdraw my application?

    Reply
  • November 29, 2017 at 10:47 PM
    Permalink

    Price will correct after next quarter result wait and buy that time

    Reply
  • November 29, 2017 at 4:34 PM
    Permalink

    How to sell in Grey market?

    Reply
  • November 29, 2017 at 1:45 PM
    Permalink

    Should i risk my 1 lack?

    Reply
  • November 29, 2017 at 11:16 AM
    Permalink

    i already got it in grey market at 20% premium.

    Reply
    • December 10, 2017 at 1:47 AM
      Permalink

      How can you buy ir sell in grey market?

      Reply
  • November 28, 2017 at 11:41 PM
    Permalink

    No future.. Better avoid

    Reply
  • November 28, 2017 at 7:41 PM
    Permalink

    PLEASE APPLY IN ICE MAKE REFRIGERATION IPO SUBJECT 2 PRICE 10000/- IN RAJKOT

    Reply
    • December 6, 2017 at 2:38 PM
      Permalink

      How we can apply from Rajkot? I am from botad and link with bhansali group and applied fof this ipo..

      Reply
  • November 28, 2017 at 6:15 PM
    Permalink

    Anyway you will not get any lot 😀 it will be oversubscribed 😛

    Reply
  • November 28, 2017 at 6:13 PM
    Permalink

    Lot size is 2000 🙁 cant risk more than 1 lack 🙁

    Reply
  • November 28, 2017 at 6:11 PM
    Permalink

    Can I get listing gain if i apply for this IPO?

    Reply
  • November 28, 2017 at 6:09 PM
    Permalink

    You will lose your money

    Reply
  • November 28, 2017 at 6:07 PM
    Permalink

    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

    Reply
  • November 28, 2017 at 5:41 PM
    Permalink

    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

    Reply
  • November 28, 2017 at 8:36 AM
    Permalink

    Great Company , great managment good financial ,
    Must subscribe IPO.

    Reply
  • November 27, 2017 at 10:23 AM
    Permalink

    Please Suggest Apply or Not
    And Chances of Listing Gain
    What is a GMP & Sauda Price

    Please Reply

    Reply
    • November 28, 2017 at 10:14 AM
      Permalink

      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.

      Reply
  • November 22, 2017 at 2:26 PM
    Permalink

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

    Reply
  • November 22, 2017 at 2:22 PM
    Permalink

    Must Subscribe and Invest for Long term

    Reply
  • November 22, 2017 at 2:17 PM
    Permalink

    Good Financial and Great Company with Better Management

    Reply
  • November 22, 2017 at 2:06 PM
    Permalink

    Great firm with strong pre & post sales effort.

    Reply
  • November 22, 2017 at 1:59 PM
    Permalink

    Good to stay invested for long term.

    Reply
  • November 22, 2017 at 1:54 PM
    Permalink

    Great Company,Must invest for Long Term.

    Reply
  • November 22, 2017 at 1:52 PM
    Permalink

    Very Good Company with strong fundamental, Good to stay invested for long term

    Reply
  • November 22, 2017 at 1:48 PM
    Permalink

    It is strongly growing company having rich experience of 28 years.
    Very positive management.
    Must subscribe for IPO.

    Reply
  • November 22, 2017 at 1:43 PM
    Permalink

    Strong Fundamental & Potential, Must invest for Long Term

    Reply
  • November 22, 2017 at 1:04 PM
    Permalink

    Good Financial, Must Subscribe,

    Reply
  • November 22, 2017 at 12:20 PM
    Permalink

    Great Company , Must subscribe IPO

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *