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

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 Date Nov 28, 2017 to Nov 30, 2017
Listing Date Friday, December 8, 2017
Face Value ₹10 per share
Price ₹55 to ₹57 per share
Lot Size 2000 Shares
Issue Size4,160,000 shares of ₹10
(aggregating up to ₹23.71 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

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

ICE Make IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 2000 ₹114,000
Retail (Max) 1 2000 ₹114,000

ICE Make IPO Review

Considering the status enjoyed by this company among creamy customers and proven track record, investors may consider investment for medium to long term. It is set to create fancy post listing as the first mover in the segment. (Subscribe). Read detail review...

ICE Make IPO Subscription Status (Bidding Detail)

The ICE Make IPO is subscribed 260.63 times on Nov 30, 2017 5:00:00 PM. The public issue subscribed 140.84 times in the retail category, times in the QIB category, and 378.67 times in the NII category. Check Day by Day Subscription Details (Live Status)

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ICE Make IPO Prospectus

ICE Make IPO Rating

Rating:Rated 4.1 stars
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ICE Make IPO Listing Date

Listing Date Friday, December 8, 2017
BSE Script Code
Listing In
ISIN INE520Y01019
IPO Price ₹57 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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

Phone: +91-22-4918 6270

ICE Make IPO Review

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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 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.

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

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

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.

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.

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

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335. NISSAN PATEL |   Link |Dec 31, 2017 6:28:26 PM
What is the view on Ice Make?

i have 1 lot @ 85
334. indravarma |   Link |Dec 19, 2017 12:47:29 AM
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 |   Link |Dec 19, 2017 8:44:15 PM
I have 1 lot @ what is your target for next 6 to 9 month?
334.2. indravarma |   Link |Dec 19, 2017 9:41:15 PM
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 |   Link |Dec 19, 2017 8:46:07 PM
Iss sme stock me HNI and FII aa sakte hai kya?
332. Shivajee |   Link |Dec 15, 2017 3:01:11 PM
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Who are the specialist in SME IPO subject.
331. BRAJESH |   Link |Dec 15, 2017 8:44:37 AM
Wait for a week, it''s go upto @125
330. K...... |   Link |Dec 14, 2017 8:31:31 PM
Tomorrow closing above 100
329. Nilesh Parekh |   Link |Dec 14, 2017 11:14:11 AM
It is going down. One should exist from the stock.
328. mickyS |   Link |Dec 14, 2017 8:47:48 AM
who told you about this high level manipulation. Are you an inside trader
327. SecTheta |   Link |Dec 13, 2017 11:30:50 PM
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 |   Link |Dec 13, 2017 11:19:18 AM
is it worth buying at 105 or I can get it in lower price till friday?
326.1. indravarma |   Link |Dec 13, 2017 10:36:05 PM
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 |   Link |Dec 13, 2017 2:56:05 PM
What now
324. U. H. U. U |   Link |Dec 12, 2017 9:44:26 AM
Hold on circuit is coming. If you want to play safe sell at circuit.
324.2. Harish kumar kumar |   Link |Dec 12, 2017 9:26:35 PM
Mere pass 1 lot h sale or hold pls suggest
324.3. Sanjaykolkata |   Link |Dec 29, 2017 7:39:01 PM
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 |   Link |Dec 12, 2017 8:53:58 PM
how can i buy this shares??
this is not available on ICICI Direct. if i would like to buy \.. what to do???
322. IPOTRIER |   Link |Dec 12, 2017 9:25:55 AM
321. SANJAYVASHI |   Link |Dec 12, 2017 6:53:53 AM
I will hold this Gem for an year. Long term capital gain + Multiple times return.
320. Harish kumar kumar |   Link |Dec 11, 2017 8:19:04 PM
Kitne uc aur pending h
320.1. K...... |   Link |Dec 11, 2017 8:45:33 PM
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 |   Link |Dec 11, 2017 1:22:23 PM
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 |   Link |Dec 11, 2017 1:37:03 PM
I suggest u to hold until it comes to normal trading. 1-2 more UCs expected.
319.2. U. H. U. U |   Link |Dec 11, 2017 8:25:39 PM
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 |   Link |Dec 11, 2017 6:02:33 PM
SMVD Ploy Pack Limited SME IPO opoen on 13th dec.
317. kyurC |   Link |Dec 11, 2017 5:58:41 PM
Hold it for tomorrow, UC for sure.
316. surjeeth |   Link |Dec 11, 2017 10:25:38 AM
Can it touch 100 mark in this week?