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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.

Issue Detail:

  »»  Issue Open: Nov 28, 2017 - Nov 30, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 4,160,000 Equity Shares of Rs 10 aggregating up to Rs 23.71 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 55 - Rs 57 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

ICE Make IPO Reviews:

  1. ICE Make Refrigeration Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved02,080,0002,080,0004,160,000
Day 1 - Nov 28, 2017 17:00 IST6,0004,914,00019,656,00024,576,000
Day 2 - Nov 29, 2017 17:00 IST----
Day 3 - Nov 30, 2017 17:00 IST3,658,000787,624,000292,952,0001,084,234,000

ICE Make IPO Prospectus

ICE Make IPO Rating

455
4.1
Rating:Rated 4.1 stars

Vote Here ...

ICE Make IPO Listing Date

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

ICE Make IPO News Alerts

  1. Thursday, November 30, 2017 12:00:00 AM
    ICE Make IPO - Close
  2. Tuesday, November 28, 2017 12:00:00 AM
    ICE Make IPO - Open

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

ICE Make IPO Lead Manager(s)

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ICE Make IPO Review / Comments

avatar
317. surjeeth  Dec 11, 2017 10:25:38 AM IST I Like It. | Report Abuse Reply
Can it touch 100 mark in this week?
avatar
316. SANJAYVASHI  Dec 11, 2017 10:02:11 AM IST I Like It. | Report Abuse Reply
more shares sold today, more chances of going it up. in Secure Credential they brought rate down to 187 from 202 & in three days it gone to 271.80.
avatar
315. Technical Bull  Dec 11, 2017 9:32:28 AM IST I Like It. | Report Abuse Reply
UC today as well. only 10 lots traded so far. Guys, stay hold :)
avatar
314. crvj  Dec 10, 2017 6:43:12 PM IST I Like It. | Report Abuse Reply
Guys !! Monday is sure shot UC, Tuesday will also likely see an UC, Wednesday may be a normal trading day.
Does this scrip can make us a multi-millionaire in next 5 years ??
Whats ur take on this !!
avatar
314.1. AJT  Dec 10, 2017 6:58:46 PM IST I Like It. | Report Abuse
Limited returns after 3 upper circuits. I prefer to apply for new issues rather than buying this after 3 upper circuits. I think Shradha Infra Nagpur is going to surpass this in terms of returns in the long run. Just wait and see after 1-2 yrs.
avatar
313. BRAJESH   Dec 10, 2017 12:27:26 PM IST I Like It. | Report Abuse Reply
Those who got allotment, please hold with target price @100
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312. IPOfanBOY  Dec 9, 2017 5:09:10 PM IST I Like It. | Report Abuse Reply
Can we hold ice make for 6 months ?
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312.1. SekharG  Dec 9, 2017 6:07:19 PM IST I Like It. 1 | Report Abuse
Forget 6 months plan in SMEs, when we don''t have visibility for 6 days trend.
avatar
311. Umang ahd  Dec 8, 2017 11:13:55 PM IST I Like It. | Report Abuse Reply
Buy refex industry at 27..
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310. amit punjabi  Dec 8, 2017 11:02:32 PM IST I Like It. | Report Abuse Reply
Sorry for out of context..
Suggest on Shradha infra..
avatar
309. Karan.u.  Dec 8, 2017 8:42:21 PM IST I Like It. 1 | Report Abuse Reply
Guys just see the difference first day 1.77lacs trades in RKEC which got doubled in no time
Nd in ice make only 6k means 3 people ..
Those who got allotment r the lucky ones nd dis is going to get double in no time nd those who even bought r also d lucky ones haha.. some might misguide you..
avatar
308. Mihir.S.A.  Dec 8, 2017 5:24:00 PM IST I Like It. | Report Abuse Reply
Don''t sell good stock. All experts were bearish with meera industries and gave exit call at 30. I sold in hurry at 47 and considered myself lucky enough to exit at high price. Now the stock is trading at unbelievable price of 245.
avatar
307. kapil K  Dec 8, 2017 10:13:50 AM IST I Like It. | Report Abuse Reply
Sell now.
Ice make upper circuit for today only.
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307.5. U. H. U. U  Dec 8, 2017 1:38:07 PM IST I Like It. 2 | Report Abuse
Will you pls. disclose expert name.
You have wasted you allotment my friend, you would have made atleast 50% on issue price.
Till now only 3 allottes have sold their allotment, and you are one of them(out of three).
avatar
307.6. SANJAYVASHI  Dec 8, 2017 1:43:30 PM IST I Like It. 1 | Report Abuse
Aap mahan ho.
avatar
306. U. H. U. U  Dec 8, 2017 12:54:18 PM IST I Like It. | Report Abuse Reply
Only 3 app. is traded till 12:50.
Allottes don''t sell even on Monday......
Let buyers beg for shares.
avatar
305. IPOTRIER  Dec 8, 2017 10:21:41 AM IST I Like It. | Report Abuse Reply
RATHER THAN BLOCKING MONEY ON SME IPO BETTER TRADE IN THEM.
MADE 7K IN FELIX(BUY ROUND 38 SELL 42+) BUY VERTAZ 168 SELL AROUND 185+ BUY ANI @ 158-162 SELL AT 176+)
avatar
304. Technical Bull  Dec 8, 2017 9:51:50 AM IST I Like It. | Report Abuse Reply
ICE MAKE (NSE Code:ICEMAKE, ISIN: INE520Y01019) Opened with 20% listing gain.
2 lots have been traded so far.
avatar
303. jigaReligare  Dec 8, 2017 9:08:25 AM IST I Like It. | Report Abuse Reply
how to see pre open in ICE MAKE
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302. Informed Intelligence  Dec 8, 2017 8:45:44 AM IST I Like It. | Report Abuse Reply
pre opening bids starts from what time for today for icemake at nse sme ? please help. please also share actual (normal) trading start time.
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302.1. IPOTRIER  Dec 8, 2017 8:50:11 AM IST I Like It. 1 | Report Abuse
NO PRE MARKET FOR SME TRADING STARTS AT 9:15 AM
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301. vinaytp  Dec 8, 2017 6:15:04 AM IST I Like It. 1 | Report Abuse Reply
With only 40L retail shares it may end up having UC for 2 weeks as people scramble to buy this industry leader.
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301.1. vinaytp  Dec 8, 2017 6:48:19 AM IST I Like It. | Report Abuse
My bad its 20L retails shares
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300. ARUN KUMAR SHRIVASTAV  Dec 7, 2017 12:23:06 PM IST I Like It. | Report Abuse Reply
Still amt is blocked why
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300.1. Doshi vishal bhikhabhai  Dec 7, 2017 11:58:23 PM IST I Like It. | Report Abuse
Why
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299. Kaal  Dec 7, 2017 11:25:15 PM IST I Like It. | Report Abuse Reply
Discussion like this ridiculous
Talking about stock price gmp & target
avatar
298. Viranjan  Dec 7, 2017 6:55:23 PM IST I Like It. | Report Abuse Reply
Is it listing tomorrow ?
avatar
298.1. RAJAKUMAR  Dec 7, 2017 11:14:52 PM IST I Like It. | Report Abuse
YES SIR,
WAIT FOR MONDAY BECAUSE TOMMOROW GOING TO 20% UPPER CIRCUIT. YOU WILL GET ANOTHER CIRCUIT ON MONDAY. IF YOU WISH SELL ON M0NDAY.
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