ICE Make Refrigeration Ltd IPO

Add to Calendar 2017-11-28 12:00 AM 2017-11-30 12:00 AM Asia/Kolkata ICE Make Refrigeration Ltd IPO ICE Make Refrigeration Ltd IPO India


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:


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







Total Assets






Total Revenue

8 ,788.28





Profit After Tax (PAT)








Issue Detail

  • Issue Open: Nov 28, 2017
  • Issue Close: Nov 30, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 55 - Rs 57 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 23.71 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 2,080,000 2,080,000 - - 4,160,000
Day 1 - Nov 28, 2017IST 6,000 4,914,000 19,656,000 - - 24,576,000
Day 2 - Nov 29, 2017IST - - - - - -
Day 3 - Nov 30, 2017IST 3,658,000 787,624,000 292,952,000 - - 1,084,234,000

Listing Day Trading Information

Issue Price - Rs 57.00
Open - Rs 68.40
Low - Rs 68.40
High - Rs 68.40
Last Trade - Rs 68.40
Volume - 6,000

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