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. 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. 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
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Ice Make Refrigeration IPO details |
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| Subscription Dates | 28 – 30 November 2017 |
| IPO Price band | INR55 – 57 per share |
| Fresh issue | 4,160,000 shares (INR22.88 – 23.71 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,160,000 shares (INR22.88 – 23.71 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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Ice Make Refrigeration’s financial performance (in INR crore) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 40.5 | 39.3 | 50.6 | 71.8 | 87.9 | 23.0 |
| Total expenses | 39.3 | 38.0 | 49.2 | 67.8 | 80.1 | 20.8 |
| Profit after tax | 0.8 | 0.9 | 0.9 | 2.6 | 5.1 | 1.5 |
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 1 | 5.91 |
| Day 2 | 25.37 |
| Day 3 | 259.74 |
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 link to 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)
Great Company , Must subscribe IPO
Good Financial, Must Subscribe,
Strong Fundamental & Potential, Must invest for Long Term
It is strongly growing company having rich experience of 28 years.
Very positive management.
Must subscribe for IPO.
Very Good Company with strong fundamental, Good to stay invested for long term
Great Company,Must invest for Long Term.
Good to stay invested for long term.
Great firm with strong pre & post sales effort.
Good Financial and Great Company with Better Management
Must Subscribe and Invest for Long term
One Of the Leading Company of the India In Refrigeration as per Growth Index of Company…..
I am interested to subscribe the IPO
Please Suggest Apply or Not
And Chances of Listing Gain
What is a GMP & Sauda Price
Please Reply
Looks like a good company to me. You will need to check with your broker, they can help in selling the application in grey market. Online brokers are useless for this.
Great Company , great managment good financial ,
Must subscribe IPO.
CAN WE SELL THE SHARES AFTER LISTING IT LIKE WE SELL OTHER SHARES IN NORMAL TRADING ???
PLZ ADVISE HOW TO SELL ALLOTED SHARE AFTER LISTING
Good for listing gain.. But not much space in this sector if any other copeteror came into this sector
… Chances for dropping price after listing.. Exppect 20% up in listing
Not a good bet
You will lose your money
Better to ignore
Can I get listing gain if i apply for this IPO?
Lot size is 2000 🙁 cant risk more than 1 lack 🙁
Anyway you will not get any lot 😀 it will be oversubscribed 😛
Over priced 🙁
PLEASE APPLY IN ICE MAKE REFRIGERATION IPO SUBJECT 2 PRICE 10000/- IN RAJKOT
How we can apply from Rajkot? I am from botad and link with bhansali group and applied fof this ipo..
Must apply
No future.. Better avoid
Avoid
i already got it in grey market at 20% premium.
How can you buy ir sell in grey market?
Avoid
Should i risk my 1 lack?
How to sell in Grey market?
Price will correct after next quarter result wait and buy that time
How can i withdraw my application?
I will be down after the listing
Avoid
Such high subscription and so much negativity here. Looks someone wants the IPO to fail! But it is already successful…haha!!!
How can i sell my shares? Got some from grey market
Looks good company. Applied for 1lot..but no hope
How people are getting shares in grey market?? Then no chance for those applying online? Frustrated with IPOs. Applied more than 10 IPOs this year but never got any allocation 🙁
make pateinet dear
All are crazy about IPOs 😀 do your research on already listed companies.. Plenty of them are far better to invest
300 times subscription means no one will get allotment
Listening price will be 100/
SME me 20% UC or LC hota hai… So listing will be at 68
Listing ke din kya bhav asakta he
Listing wi be 60-70
wait kar sakte he 100 ane me listing k din jo aye vo bechdena chahiye pls reply
Can I Buy ice make share after listing from market
There will be a rush along with listing so wait for a correction. Few days after listing there will be a correction and buy that time
ALLOTMENT KAB HE AUR LISTING ME KYA BHAV A SAKTA HE
Sar allotment date and time
Allocation is done you can check from website using your panno
Shares alloted… Hooooo.. Finally…
Will sell half of them if listing price more than 65
Go down below listing price at current market conditions
Applied but not alloted any and no plan to buy
Applied but alloted…
What us meaning of applied but alloted?
Good buy if the listing price below 60 avoid uf its more than that
Can sell tomorrow?
Is it possible to seel half of the lot tomorrow?
Why i cant sell half of the share?
People are mad about ipos 😀
Sell.. Target 61
I want to buy.. but no seller on friday.. till what price can it go? Till what price should i buy? What is target price of ice make?
Will go down after the initial boom.. Its better to buy that time.
Tomorrow will also be uc.. but volume will b der. So tomorrow it can be bought.i think there will be uc 2 more days
Why i am not able to sell half of the shares? Alloted 2000 and i would like to sell 1000 now… Please reply
That’s what SME stocks are…illiquid. Their lot size is quite high and you can nt sell less than that!
U can not sell half.. lot size is 2000.. trade will always in multiple of 2000
Oops.. So will i get trapped here?
How is that? Either sell 2000 or 2000 ..what is trap in that.. that is lot size.. in every sme ipo lot size is fixed.. what is trap in that ? I didn’t understand
I also want to sell some..what to do.. Should i sell some or keep it?
Looks like people traped.. No sellers
No seller is a trap?? what did u mean to say by that actually?
Good time to buy it will be a multibagger
Company have lot of potential buy and keep it for long-term
Buy and target 250 within 1 year
Wonderful company with wonderful management
I sold all my shares to buy this company.. Will it worth?
Yea hold for few years it will definitely give multibagger returns
Hoooo finally i got my shares
Brought at 97 and will keep atleast 2-3 years
Mark my word.. This will bebecome 5x in one year. Market leader in a secror which has high potential to grow in the coming years. Buy and keep it for long-term. Please do your analysis before buying and dont blindly take anyones words
You are right. Its a high potential company. Brought 2 lots today @ 96.8. Hopefully it will return multibagger. And expecting company will continue its growth in the coming years. Holding for next 2-5 years
Fundamentally strong company with experienced management
From my primary analysis company looks a multibagger and allmost every stock advisors are really positive about the company. Brought 1 lot today
3 uc in a row.. Expecting 2 more.. According to me it will surely 5x within an year. Please do your research before buying or selling. Happy investing
Its a small company with around 128 cr market cap. But the possibilities are unlimited. It has a potential to become a multibagger 10x within 2 years. The management is very capable and the company is the market leader in that space with many satisfied customers so hopefully it will grow in the coming years
Tomorrow UC.. those who are holding .. enjoy
Yes tomorrow definitely UC but unfortunately today i sold my share 🙁
Great opertunity to accumulate. After few sessions it will start moving towards 200 today brought 5 lots for long-term. Wonderful company with dedicated management
Heard some rumor, one marquee investor going to aquire stake in ice make india? Is it true? Then it wipl pass 200 bery soon
Kaha suni ye rumour?
Its a good company. They are doing really well i know personally
Its only a 150 cr market cap company out of that only around 35cr floating so no chance for big investors. But company is promising and can expect multibagger returns
Brought @104 should i hold or sell?
Hold and wait for 1 year your money will surely get doubled
Looks like a wonderful company with large number of customers within India and company exporting their products to more than 10 countries.
What is the main role of market maker in SME stock market ?