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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 / Recommendations:

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ICE Make IPO Subscription Status / Live Bidding Status

ICE Make IPO Subscription Status tells if ICE Make IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. ICE Make IPO oversubscribed if bids are received for more shares than what is offered by the company.

ICE Make IPO - How Many Times Subscribed?
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

Rating:Rated 4.1 stars

Vote Here ...

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:
Last Trade:
Issue Price:Rs 57.00
Open:Rs 68.40
Low:Rs 68.40
High:Rs 68.40
Last Trade:Rs 68.40

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

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

ICE Make IPO Lead Manager(s)

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ICE Make IPO Review / Comments

335. NISSAN PATEL  Dec 31, 2017 5:28:26 PM IST I Like It. | Report Abuse
What is the view on Ice Make?

i have 1 lot @ 85
334. indravarma  Dec 18, 2017 11:47:29 PM IST 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.
334.1. NISSAN PATEL  Dec 19, 2017 7:44:15 PM IST I Like It. | Report Abuse
I have 1 lot @ what is your target for next 6 to 9 month?
334.2. indravarma  Dec 19, 2017 8:41:15 PM IST I Like It. 1 | Report Abuse
Positives for this Company
I believe it will atleast double in one year.
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
333. NISSAN PATEL  Dec 19, 2017 7:46:07 PM IST I Like It. | Report Abuse
Iss sme stock me HNI and FII aa sakte hai kya?
332. Shivajee  Dec 15, 2017 2:01:11 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Who are the specialist in SME IPO subject.
331. BRAJESH   Dec 15, 2017 7:44:37 AM IST I Like It. | Report Abuse
Wait for a week, it''s go upto @125
330. K......  Dec 14, 2017 7:31:31 PM IST I Like It. | Report Abuse
Tomorrow closing above 100
329. Nilesh Parekh  Dec 14, 2017 10:14:11 AM IST I Like It. | Report Abuse
It is going down. One should exist from the stock.
328. mickyS  Dec 14, 2017 7:47:48 AM IST I Like It. | Report Abuse
who told you about this high level manipulation. Are you an inside trader
327. SecTheta  Dec 13, 2017 10:30:50 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
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!
326. MONSTER  Dec 13, 2017 10:19:18 AM IST I Like It. | Report Abuse
is it worth buying at 105 or I can get it in lower price till friday?
326.1. indravarma  Dec 13, 2017 9:36:05 PM IST 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
325. Harish kumar kumar  Dec 13, 2017 1:56:05 PM IST I Like It. | Report Abuse
What now
324. U. H. U. U  Dec 12, 2017 8:44:26 AM IST I Like It. 1 | Report Abuse
Hold on circuit is coming. If you want to play safe sell at circuit.
324.2. Harish kumar kumar  Dec 12, 2017 8:26:35 PM IST I Like It. | Report Abuse
Mere pass 1 lot h sale or hold pls suggest
324.3. Sanjaykolkata  Dec 29, 2017 6:39:01 PM IST 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
323. Meha Patel  Dec 12, 2017 7:53:58 PM IST 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???
322. IPOTRIER  Dec 12, 2017 8:25:55 AM IST I Like It. | Report Abuse
321. SANJAYVASHI  Dec 12, 2017 5:53:53 AM IST I Like It. 1 | Report Abuse
I will hold this Gem for an year. Long term capital gain + Multiple times return.
320. Harish kumar kumar  Dec 11, 2017 7:19:04 PM IST I Like It. | Report Abuse
Kitne uc aur pending h
320.1. K......  Dec 11, 2017 7:45:33 PM IST 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
319. P.K. Gohil  Dec 11, 2017 12:22:23 PM IST 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
319.1. Technical Bull  Dec 11, 2017 12:37:03 PM IST I Like It. | Report Abuse
I suggest u to hold until it comes to normal trading. 1-2 more UCs expected.
319.2. U. H. U. U  Dec 11, 2017 7:25:39 PM IST 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
318. kyurC  Dec 11, 2017 5:02:33 PM IST I Like It. | Report Abuse
SMVD Ploy Pack Limited SME IPO opoen on 13th dec.
317. kyurC  Dec 11, 2017 4:58:41 PM IST I Like It. | Report Abuse
Hold it for tomorrow, UC for sure.
316. surjeeth  Dec 11, 2017 9:25:38 AM IST I Like It. | Report Abuse
Can it touch 100 mark in this week?
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