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ICE Make Refrigeration Ltd. IPO
NSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹57
Issue Price
₹57
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹57
GMP based
Lot Size
2,000
shares / lot
Min Amount
₹114,000
1 lot · 2,000 shares
Live Price
tap to chart
Allotment
Important Dates
3/3 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
28 Nov 2017
Tue Completed
Done
Close Date
30 Nov 2017
Thu Completed
TBA
Allotment
TBA
TBA
TBA
Refund
TBA
TBA
TBA
Demat Credit
TBA
TBA
Done
Listing Date
08 Dec 2017
Fri Completed
UPI Deadline: 30 Nov 2017
Issue Details
Pricing & Size
Issue Price
₹57 Face ₹10
Lot Size
2,000 shares
Min Investment
₹114,000
Total Issue Size
41,60,000 shares (aggregating up to ₹23.71 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,08,000 (5.00%)
QIB Portion
-
NII / HNI
19,76,000 (47.50%)
Retail
19,76,000 (47.50%)
Employee
-
Net Offer to Public
39,52,000 shares (aggregating up to ₹22.53 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,15,12,000 shares
Post-Issue Shareholding
1,56,72,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 2,000 ₹1,14,000
HNI / NII 2 4,000 ₹2,28,000
Objects of Issue
7 objectives
1
1 To finance the capital expenditure for a. Setting up of a coil manufacturing facility at Dantali,
6.24 Cr
2
2 b. Upgradation of the existing facilities atDantali,
6.99 Cr
3
3 c. Construction of an administration office at Dantali
1.33 Cr
4
4 Expenditure towards enhancement of our brand through brand building activities
1.50 Cr
5
5 Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary) for upgradation of the existing facilities at Chennai
1.10 Cr
6
6 To meet the incremental working capital requirement
5.00 Cr
7
7 General Corporate Purpose
0.44 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Vivro Financial Services Pvt.Ltd.
Market Maker
Airan Finstocks Pvt.Ltd.
IPO Timeline
Open
28 Nov
✓ Done
Close
30 Nov
✓ Done
Allotment
TBA
Listing
08 Dec
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
icemake.ipo@linkintime.co.in
Company Contact
Email
info@icemakeindia.com
Phone
+91 79 27540630
Address
B-1, Vasupujya Chamber, Near Navdeep Building, Income-Tax Cross Road, Ahmedabad, Gujarat, 380009
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹57
Est. Listing
₹57
Lot Size
2,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
ICE Make Refrigeration Ltd. LIVE
INR ·
vs Issue
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P/E
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| Price
Market Reference
IPO Issue Price
₹57
GMP
+₹0 (+0%)
GMP Est. Listing
₹57
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 19,76,000 (47.50%) ₹1,126.32 Cr
Retail Investors 19,76,000 (47.50%) ₹1,126.32 Cr
Total ** 41,60,000 (100.00%) ₹23,712.00 Cr
Market Maker * 2,08,000 (5.00%) ₹11.86 Cr
* Based on ₹57.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
19,76,000 (47.50%)
Retail
19,76,000 (47.50%)
Market Maker
2,08,000 (5.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial data not available

About ICE Make Refrigeration Ltd.

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

Frequently Asked Questions
What is the issue price of ICE Make Refrigeration Ltd. IPO?
The issue price of ICE Make Refrigeration Ltd. IPO is ₹57 per share, face value ₹10.
What is the lot size?
Minimum lot size is 2,000 shares, requiring ₹114,000.
What are the IPO dates?
Opens 28 Nov 2017, closes 30 Nov 2017.
When is the listing date?
Tentative listing: 08 Dec 2017 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹57 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

ICE Make Refrigeration Ltd. IPO

Check on Registrar
Post-IPO Timeline
Listing Date
08 Dec 2017
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹57
Face ₹10
Lot Size
2,000
shares / lot
Min Amount
₹114,000
1 lot
Est. Listing
₹57
GMP +₹0
Key Dates
Open
28 Nov Done
Close
30 Nov Done
Listing
08 Dec Done
Registrar
MUFG Intime India Pvt.Ltd.
A
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