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ICE Make Refrigeration Ltd IPO

ICE Make Refrigeration Ltd IPO

Issue Open

Nov 28, 2017

Price Band

₹ 55 - ₹ 57

Issue Size

₹ 23.71 Cr

Credit of Shares to Demat

-

Issue Close

Nov 30, 2017

Bid Lot

2000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Dec 08, 2017

Refunds

-

About the company:

 

ICE Make Refrigeration Limited is a refrigeration equipment manufacturing company engaged in providing cooling solutions. The company acquired ‘Bharat Refrigeration Private Limited’ in 2016.

 

Date of establishment: ICE Make Refrigeration was established in 1993.  

 

Product & Service Offering: ICE Make Refrigeration provides products such as cold rooms, commercial freezer, ice cream hardener, refrigerated vehicle and chiller.

 

Promoters of ICE Make Refrigeration Ltd.: The promoters of the firm are Mr. Chandrakant P Patel, Mr. Rajendra P Patel and Mr. Vipul I Patel.

 

Customer segment: The company offers its products to client in industries such as hospitality, healthcare, dairy, agriculture, pharmaceuticals and retail.

 

Objects of the Issue:

 

The objects of the issue are:
-      Capital expenditure requirements
-      Brand building activities
-      Investment in subsidiary - Bharat Refrigeration Private Limited
-      Working capital requirements
-      General corporate purposes
Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

Total Assets

5,487.87

3,867.39

3,340.20

2,835.57

2,094.29

Total Revenue

8 ,788.28

7,182.07

5,061.84

3,925.93

4,048.26

Profit After Tax (PAT)

510.89

264.34

93.41

89.05

82.96

 

 

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