Free Trading + Demat Account

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 Subscription Status (Bidding Detail)

ICE Make IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Nov 30, 2017 17:00




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 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

ICE Make IPO Registrar

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

Phone: +91-22-4918 6270
Fax: +91-22-4918 6060

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

ICE Make IPO Review / Comments

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
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.
334.1. NISSAN PATEL  Dec 19, 2017 19:44 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 20:41 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 19:46 I Like It. | Report Abuse
Iss sme stock me HNI and FII aa sakte hai kya?
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.
331. BRAJESH   Dec 15, 2017 07:44 I Like It. | Report Abuse
Wait for a week, it''s go upto @125
330. K......  Dec 14, 2017 19:31 I Like It. | Report Abuse
Tomorrow closing above 100
329. Nilesh Parekh  Dec 14, 2017 10:14 I Like It. | Report Abuse
It is going down. One should exist from the stock.
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
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!
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?
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
325. Harish kumar kumar  Dec 13, 2017 13:56 I Like It. | Report Abuse
What now
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.
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
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
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???
322. IPOTRIER  Dec 12, 2017 08:25 I Like It. | Report Abuse
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.
320. Harish kumar kumar  Dec 11, 2017 19:19 I Like It. | Report Abuse
Kitne uc aur pending h
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
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
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.
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
318. kyurC  Dec 11, 2017 17:02 I Like It. | Report Abuse
SMVD Ploy Pack Limited SME IPO opoen on 13th dec.
317. kyurC  Dec 11, 2017 16:58 I Like It. | Report Abuse
Hold it for tomorrow, UC for sure.
316. surjeeth  Dec 11, 2017 09:25 I Like It. | Report Abuse
Can it touch 100 mark in this week?
  • Special Offers
    by Popular Stock Brokers
  • HDFC Securities
    Open your 3-in-1 account with free Demat and Trading Account. Demat account AMC fee of ₹750 waived off for the first year.
  • Sharekhan
    Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.
  • Angel Broking
    Get free lifetime AMC on Demat & Trading account with Angel when you pay ₹1500 (payable in 2nd year). Get the offer
  • India Infoline (IIFL)
    Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
  • Ventura
    Zero account opening fees for limited time. Request a Callback
  • Motilal Oswal
    Get Free Trading + Demat Account (₹500 waived on account opening) for limited time. Get the offer
  • Religare
    Get Free Trading + Demat Account for limited time. Get the offer
  • Zerodha
    Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
  • ProStocks
    Get Free Trading + Demat Account for limited time. Request a Callback
  • 5paisa
    Open 5Paisa Trading Account & get FREE Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 10 per order. Get the offer
  • Upstox
    Get account opening fees as brokerage cashback + Free equity delivery trading (truly no brokerage) + Flat ₹20 for Intraday and F&O trades. Get the Exclusive Offer
    Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App
  • Fyers
    FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer
  • Beeline
    Open a Lifetime free AMC Demat Account at just ₹176 + 15 days trading free. Use coupon code CHT176 for this special offer.
  • Alice Blue
    Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
  • Trustline
    Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).
  • RMoney
    Free Account Opening + Free Demat AMC for Life + Free Call & Trade
  • iTradeOnline
    Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).

Message Board

Stock Message Board

Search Mobile Apps:

Download Android App Downlaod iOS App