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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% | ₹518.70 |
| A & M Febcon Ltd. | SME | ₹6.68 Cr | ₹18 | null | ₹18.00 | +0.00% | |
| Captain Technocast Ltd. | SME | ₹5.70 Cr | ₹40 | null | ₹48.50 | +21.25% | ₹255.00 |
| Shri Ram Switchgears Ltd. | SME | ₹5.07 Cr | ₹19 | null | ₹22.80 | +20.00% | |
| Meera Industries Ltd. | SME | ₹3.89 Cr | ₹36 | null | ₹36.05 | +0.14% | ₹31.72 |
| Salasar Techno Engineering Ltd. | Mainboard | ₹35.95 Cr | ₹108 | null | ₹262.50 | +143.06% | ₹5.14 |
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
Updated on Aug 5, 2026
Contact Details
ICE Make Refrigeration Ltd. AddressB-1, Vasupujya ChamberNear Navdeep BuildingIncome-Tax Cross RoadAhmedabad, Gujarat, 380009+91 79 27540630info@icemakeindia.comVisit Website