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ICE Make Refrigeration Ltd IPO (ICE Make IPO) Detail

Nov 28, 2017 - Nov 30, 2017

Incorporated in 1993, ICE Make Refrigeration Ltd is Ahmedabad, Gujrat based manufacturer of refrigeration equipment under the brand of 'Ice Make'. Company provide 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.

ICE Make classifies its business into the following 4 verticals:
1. Cold Room
2. Commercial Refrigeration
3. Industrial Refrigeration and
4. Transport Refrigeration.

Company's top 5 products are Cold Room, Commercial Freezer, Chiller, Refrigerated Vehicle and Ice Cream Hardener.

The manufacturing facilities of our Company are located at Dantali, Gujarat and the manufacturing facilities of our Wholly Owned Subsidiary are located at Chennai, Tamil Nadu.

Key strengths
1. Manufacturers of wide range of refrigeration equipments
2. Providing customized solutions with a focus on after sales service
3. Well established manufacturing facilities
4. Strong marketing and distribution network
5. Catering to clients from diverse sectors and industries

Company Promoters:

The promoters of the company are:
1. Mr. Chandrakant P. Patel
2. Mr. Rajendra P. Patel
3. Mr. Vipul I. Patel

Objects of the Issue:

The proceeds of the Issue are proposed to be deployed for financing the following objects:
1. To finance the capital expenditure;
2. Expenditure towards enhancement of brand through brand building activities;
3. Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary);
4. To meet the incremental working capital requirement;
5. General Corporate Purposes.

ICE Make IPO Details
Issue OpenNov 28, 2017 - Nov 30, 2017
Issue TypeBook Built Issue IPO
Issue Size4,160,000 Eq Shares of Rs 10
(aggregating up to Rs 23.71 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 55 - Rs 57 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

ICE Make IPO Prospectus

ICE Make IPO Rating

455
4.1
Rating:Rated 4.1 stars

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ICE Make IPO Listing Date

  •   ›  Listing Date: Friday, December 8, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: ICEMAKE
  •   ›  Listing In:
  •   ›  ISIN: INE520Y01019
  •   ›  Issue Price: Rs 57 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 57.00
Open:Rs 68.40
Low:Rs 68.40
High:Rs 68.40
Last Trade:Rs 68.40
Volume:6,000

ICE Make IPO Reviews / Ratings

Company Contact Information

ICE Make Refrigeration Ltd
B-1, Vasupujya Chamber, Near Navdeep Building,
Income-Tax Cross Road,
Ahmedabad 380009
Phone: +91 79 27540630
Fax: +91 79 27540620
Email: info@icemakeindia.com
Website: http://www.icemakeindia.com/

ICE Make IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: icemake.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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ICE Make IPO Review / Comments

avatar
335. NISSAN PATEL  Dec 31, 2017 17:28 I Like It. | Report Abuse
What is the view on Ice Make?

i have 1 lot @ 85
avatar
334. indravarma  Dec 18, 2017 23:47 I Like It. | Report Abuse
This should start Moving up soon.
Logic: Total Number of lots in IPO----approx 2080
Total Number of Lots taken on Delivery till 18th Dec ----- 2163 (taking 50% Delivery every day)
Looks like weak hands are gone.
avatar
334.1. NISSAN PATEL  Dec 19, 2017 19:44 I Like It. | Report Abuse
I have 1 lot @ 85....so what is your target for next 6 to 9 month?
avatar
334.2. indravarma  Dec 19, 2017 20:41 I Like It. 1 | Report Abuse
Positives for this Company
I believe it will atleast double in one year.
Logic:
1.Consistently growing company
2.Money will be used for subsidiary
3.Money will be used for Capex
4. we are in Tropical country.we need cooling solutions
5.No comparable Peer
6.Increase in disposable income of Population leads to new food habits which is mostly frozen foods ( If you see in developed world they have lot of frozen food iles)
and many more.

I believe this will have a good long term story.
Disc: I hold one lot brought @95
avatar
333. NISSAN PATEL  Dec 19, 2017 19:46 I Like It. | Report Abuse
Iss sme stock me HNI and FII aa sakte hai kya?
avatar
332. Shivajee  Dec 15, 2017 14:01 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Who are the specialist in SME IPO subject.
avatar
331. BRAJESH   Dec 15, 2017 07:44 I Like It. | Report Abuse
Wait for a week, it''s go upto @125
avatar
330. K......  Dec 14, 2017 19:31 I Like It. | Report Abuse
Tomorrow closing above 100
avatar
329. Nilesh Parekh  Dec 14, 2017 10:14 I Like It. | Report Abuse
It is going down. One should exist from the stock.
avatar
328. mickyS  Dec 14, 2017 07:47 I Like It. | Report Abuse
who told you about this high level manipulation. Are you an inside trader
avatar
327. SecTheta  Dec 13, 2017 22:30 I Like It. | Report Abuse
High level manipulation are going on... DONT buy at these levels... This should come down to 75-78 levels in a few days if you want to buy for long term. Its trend is like ACCORD which is trading below issue price at the moment!
avatar
326. MONSTER  Dec 13, 2017 10:19 I Like It. | Report Abuse
is it worth buying at 105 or I can get it in lower price till friday?
avatar
326.1. indravarma  Dec 13, 2017 21:36 I Like It. 1 | Report Abuse
you will get it at lower price.
I am waiting too.
day 1---no volume---uc
day 2--little volume---uc
day 3--very high volume lot of fluctuation and ended UC( 46% Delivery-means Traders pushed it up)
day4- Lot fluctuation and ended below days opening
day5 (13/12/17)-panic starts and Lot of retail investors will offload their holding
avatar
325. Harish kumar kumar  Dec 13, 2017 13:56 I Like It. | Report Abuse
What now
avatar
324. U. H. U. U  Dec 12, 2017 08:44 I Like It. 1 | Report Abuse
Hold on circuit is coming. If you want to play safe sell at circuit.
avatar
324.2. Harish kumar kumar  Dec 12, 2017 20:26 I Like It. | Report Abuse
Mere pass 1 lot h sale or hold pls suggest
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324.3. Sanjaykolkata  Dec 29, 2017 18:39 I Like It. | Report Abuse
Hi Umang bought cadsys at 107 some days BV back it doing fairly ok now I bought ice make at 111 today what''s your opinion
avatar
323. Meha Patel  Dec 12, 2017 19:53 I Like It. | Report Abuse
how can i buy this shares??
this is not available on ICICI Direct. if i would like to buy \.. what to do???
avatar
322. IPOTRIER  Dec 12, 2017 08:25 I Like It. | Report Abuse
RANGING BETWWEN 83-90 NORMAL TRADING BEGINS I AM SURPRISED.....
avatar
321. SANJAYVASHI  Dec 12, 2017 05:53 I Like It. 1 | Report Abuse
I will hold this Gem for an year. Long term capital gain + Multiple times return.
avatar
320. Harish kumar kumar  Dec 11, 2017 19:19 I Like It. | Report Abuse
Kitne uc aur pending h
avatar
320.1. K......  Dec 11, 2017 19:45 I Like It. | Report Abuse
This week possibly.. i think it is better to sell on after Thursday.. still huge buying volume was there.. sell it on friday or Monday there will be 5 percent circuit
avatar
319. P.K. Gohil  Dec 11, 2017 12:22 I Like It. 2 | Report Abuse
1 application allotted to me, its second day of buyer, what should i do, whats the exception..? experts please give your expert opinion..thanks in advance
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319.1. Technical Bull  Dec 11, 2017 12:37 I Like It. | Report Abuse
I suggest u to hold until it comes to normal trading. 1-2 more UCs expected.
avatar
319.2. U. H. U. U  Dec 11, 2017 19:25 I Like It. | Report Abuse
Don''t sell tommorow, on Wednesday 10% circuit will be applicable.
Based on tommorow''s volume and delivery figure take decision on Wednesday, whether to sell or not.

I think on Wednesday also there will be 10 % UC
avatar
318. kyurC  Dec 11, 2017 17:02 I Like It. | Report Abuse
SMVD Ploy Pack Limited SME IPO opoen on 13th dec.
avatar
317. kyurC  Dec 11, 2017 16:58 I Like It. | Report Abuse
Hold it for tomorrow, UC for sure.
avatar
316. surjeeth  Dec 11, 2017 09:25 I Like It. | Report Abuse
Can it touch 100 mark in this week?
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