Ice Make Refrigeration Ipo Gmp

Ice make refrigeration ipo gmp

Ice Make Refrigeration Pvt. Ltd. Corporate Video

Business description from prospectus – Ice Make Refrigeration is a refrigeration equipment manufacturer, engaged in providing cooling solutions. It provides 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 refrigeration ipo gmp

The company classifies its business into the following 4 verticals: (i) Cold Room (ii) Commercial Refrigeration (iii) Industrial Refrigeration and (iv) Transport Refrigeration. It operates business verticals under the brand of “Ice Make”.

In December 2016, it acquired ‘Bharat Refrigerations Private Limited’, a company based in Chennai, engaged in a business similar to its business, which is now a wholly owned subsidiary.

Ice make refrigeration ipo gmp

Bharat Refrigerations Private Limited is present in the above business verticals through the brands named ‘Bharat’ and ‘Trans Freez’.

The manufacturing facilities of Ice Make Refrigeration are located at Dantali, Gujarat and the manufacturing facilities of its wholly owned Subsidiary are located at Chennai, Tamil Nadu. Its dealers and associates are present in the cities of Bikaner, Cochin, Cuttack, Goa, Hubli, Jodhpur, Kolhapur, Kolkata, Nagpur, Patna, Pune, Pondicherry, Trivandrum, Kathmandu and Colombo.

Promoters of Ice Make Refrigeration – Mr Chandrakant P Patel, Mr Rajendra P Patel and Mr Vipul I Patel

Ice Make Refrigeration IPO details

Subscription Dates28 – 30 November 2017
IPO Price bandINR55 – 57 per share
Fresh issue 4,160,000 shares (INR22.88 – 23.71 crore)
Offer for sale Nil
Total IPO size4,160,000 shares (INR22.88 – 23.71 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform

Ice Make Refrigeration’s financial performance (in INR crore)

FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue40.539.350.671.887.923.0
Total expenses39.338.049.267.880.120.8
Profit after tax0.80.90.92.65.11.5

Ice Make Refrigeration Limited
Survey Number 227, Dantali Industrial Estate
Gota Vadsar Road, Near Ahmedabad City
Taluka Kalol, Gandhinagar 382721

Phone: +91 9879107881
Email:[email protected]
Website: www.icemakeindia.com

Day   Subscription (no.

of times)

Day 15.91
Day 225.37
Day 3259.74

Earnings Per Share (EPS): INR4.42

Price/Earnings (P/E) ratio: 12.44 – 12.89

Return on Net Worth (RONW): 32.91%

Net Asset Value (NAV): INR21.50 per share

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Ice Make Refrigeration IPO allotment status is now available on Link Intime’s website.

Click on this linkto get allotment status.

IPO Opening Date: 28 November 2017

IPO Closing Date: 30 November 2017

Finalisation of Basis of Allotment: 5 December 2017

Initiation of refunds: 6 December 2017

Transfer of shares to demat accounts: 7 December 2017

Listing Date: 8 December 2017

Listing Price on NSE SME: INR68.4 per share (up 20% from IPO price)

Closing Price on NSE SME: INR68.4 per share (up 20% from IPO price)

Ice make refrigeration ipo gmp