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Open
28 Nov 2017
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Close
30 Nov 2017
3
Allotment
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Listing
Fri, Dec 8, 2017
Price Band
₹55 to ₹57
Issue Size
41,60,000 shares (agg. up to ₹24 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Dec 8, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 269.38x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 53.18 | 54.88 | 38.67 | 33.40 |
| Total Income | 23.05 | 87.88 | 71.82 | 50.62 |
| Profit After Tax | 1.47 | 5.11 | 2.64 | 0.93 |
| NET Worth | 16.95 | 15.49 | 10.38 | 7.74 |
| Reserves and Surplus | 5.44 | 8.29 | 3.18 | 6.30 |
| Total Borrowing | 15.45 | 14.38 | 13.48 | 11.99 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jash Engineering Ltd. | SME | ₹48.01 Cr | ₹120 | null | ₹144.00 | +20.00% | ₹520.45 (-1.44%) |
| Captain Technocast Ltd. | SME | ₹5.70 Cr | ₹40 | null | ₹48.50 | +21.25% | ₹221.00 (+0.45%) |
| Meera Industries Ltd. | SME | ₹3.89 Cr | ₹36 | null | ₹36.05 | +0.14% | ₹43.22 (-2.00%) |
| Salasar Techno Engineering Ltd. | Mainboard | ₹35.95 Cr | ₹108 | null | ₹262.50 | +143.06% | ₹6.03 (-0.82%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the capital expenditure for a. Setting up of a coil manufacturing facility at Dantali, | 6.24 |
| 2 | b. Upgradation of the existing facilities atDantali, | 6.99 |
| 3 | c. Construction of an administration office at Dantali | 1.33 |
| 4 | Expenditure towards enhancement of our brand through brand building activities | 1.50 |
| 5 | Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary) for upgradation of the existing facilities at Chennai | 1.10 |
| 6 | To meet the incremental working capital requirement | 5.00 |
| 7 | General Corporate Purpose | 0.44 |
About ICE Make Refrigeration IPO
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 Room2. Commercial Refrigeration3. 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 strengths1. Manufacturers of wide range of refrigeration equipments2. Providing customized solutions with a focus on after sales service3. Well established manufacturing facilities4. Strong marketing and distribution network5. Catering to clients from diverse sectors and industries+ Read More
Contact Details
ICE Make Refrigeration Ltd. AddressB-1, Vasupujya ChamberNear Navdeep BuildingIncome-Tax Cross RoadAhmedabad, Gujarat, 380009+91 79 27540630info@icemakeindia.comVisit Website