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

IPO Opening DateNov 28, 2017
IPO Closing DateNov 30, 2017
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹55 to ₹57 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size4,160,000 Eq Shares of ₹10
(aggregating up to ₹23.71 Cr)

ICE Make IPO Lot Size

The ICE Make IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).

ApplicationLotsSharesAmount (Cut-off)

ICE Make IPO Subscription Status (Bidding Detail)

The ICE Make IPO is subscribed 260.63x times on Nov 30, 2017 17:00. The public issue subscribed 140.84x in the retail category, in the QIB category, and 378.67x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription






ICE Make IPO Prospectus

ICE Make IPO Rating

Rating:Rated 4.1 stars

Vote Here ...

ICE Make IPO Listing Date

Listing DateFriday, December 8, 2017
BSE Script Code
Listing In
IPO Price₹57 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹57.00
Last Trade:₹68.40

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

ICE Make IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270


  1. What is ICE Make IPO?

    ICE Make IPO is a SME IPO of 4,160,000 equity shares of the face value of ₹10 aggregating up to ₹23.71 Crores. The issue is priced at ₹55 to ₹57 per equity share. The minimum order quantity is 2000 Shares.

    The IPO opens on Nov 28, 2017, and closes on Nov 30, 2017.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. When ICE Make IPO will open?

    The ICE Make IPO opens on Nov 28, 2017 and closes on Nov 30, 2017.

  3. What is the lot size of ICE Make IPO?

    ICE Make IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

  4. How to apply for ICE Make IPO?

    You can apply in ICE Make IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When ICE Make IPO allotment?

    The finalization of Basis of Allotment for ICE Make IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ICE Make IPO allotment status.

  6. When is ICE Make IPO listing date?

    The ICE Make IPO listing date is on Friday, December 8, 2017.

ICE Make IPO Message Board

Ranked Members  Ranked Members

335. NISSAN PATEL |Dec 31, 2017 17:28
What is the view on Ice Make?

i have 1 lot @ 85
334. indravarma |Dec 18, 2017 23:47
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 19:44
I have 1 lot @ what is your target for next 6 to 9 month?
334.2. indravarma |Dec 19, 2017 20:41
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 19:46
Iss sme stock me HNI and FII aa sakte hai kya?
332. Shivajee |Dec 15, 2017 14:01
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Who are the specialist in SME IPO subject.
331. BRAJESH |Dec 15, 2017 07:44
Wait for a week, it''s go upto @125
330. K...... |Dec 14, 2017 19:31
Tomorrow closing above 100
329. Nilesh Parekh |Dec 14, 2017 10:14
It is going down. One should exist from the stock.
328. mickyS |Dec 14, 2017 07:47
who told you about this high level manipulation. Are you an inside trader
327. SecTheta |Dec 13, 2017 22:30
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
is it worth buying at 105 or I can get it in lower price till friday?
326.1. indravarma |Dec 13, 2017 21:36
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 13:56
What now
324. U. H. U. U |Dec 12, 2017 08:44
Hold on circuit is coming. If you want to play safe sell at circuit.
324.2. Harish kumar kumar |Dec 12, 2017 20:26
Mere pass 1 lot h sale or hold pls suggest
324.3. Sanjaykolkata |Dec 29, 2017 18:39
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 19:53
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 08:25
321. SANJAYVASHI |Dec 12, 2017 05:53
I will hold this Gem for an year. Long term capital gain + Multiple times return.
320. Harish kumar kumar |Dec 11, 2017 19:19
Kitne uc aur pending h
320.1. K...... |Dec 11, 2017 19:45
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
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
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 19:25
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 17:02
SMVD Ploy Pack Limited SME IPO opoen on 13th dec.
317. kyurC |Dec 11, 2017 16:58
Hold it for tomorrow, UC for sure.
316. surjeeth |Dec 11, 2017 09:25
Can it touch 100 mark in this week?


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