ICE Make Refrigeration SME IPO Price Band, Market Lot & Dates Details

ICE Make Refrigeration is another Ahmedabad based company coming up with SME ipo. As of now the demand is very high for this SME IPO. ICE Make Refrigeration gmp (subject to sauda) is very good and apply for listing gain for sure. The company incorporated in 1993 and manufacturing refrigeration equipment under brand “Ice Make”. the company provides cooling solutions to dairy, ice-cream, agriculture, pharmaceuticals, logistics, hospital, retail and more sectors as well. Their core business is cold room, commercial refrigeration, industrial refrigeration and transport refrigeration. The company has good potential and results are good as well.

IPO Review:

• Apply for Listing Gain

ICE Make Refrigeration IPO Dates & Price Band:

• IPO Open: 28 November 2017
• IPO Close: 30 November 2017
• IPO Size: Approx Rs 23.71 Crore
• Face Value: Rs.10 Per Equity Share
• Price Band: Rs 55-57 Per Equity Share
• Listing on: NSE SME
• Shares: 4,160,000
• Retail Portion: 50%

IPO Market Lot:

• Shares: Apply for 2,000 Shares (Minimum Lot Size)
• Amount: Rs.1,14,000

Financial Results:

	2013	2014	2015	2016	2017	2018 (Q1)
Revenue	40.5	39.3	50.6	71.8	87.9	23.0
Expenses	39.3	38.0	49.2	67.8	80.1	20.8
PAT	0.8	0.9	0.9	2.6	5.1	1.5

Grey Market Premium:

• The grey market is around Rs.45000 Subject to Sauda.

ICE Make Refrigeration IPO Subscription Status:

• IPO Subscribed 261.21 times on overall
  

ICE Make Refrigeration IPO Allotment Status:

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Company Promoters:

• Mr. Chandrakant P. Patel
• Mr. Rajendra P. Patel
• Mr. Vipul I. Patel

Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: [email protected]
Website: http://www.linkintime.co.in

IPO Lead Managers:

• Vivro Financial Services Private Limited

Company Address:
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
Email: [email protected]
Website: http://www.icemakeindia.com/