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ICE Make IPO is a book built issue of Rs 23.71 crores.
ICE Make IPO bidding started from November 28, 2017 and ended on November 30, 2017. The shares got listed on NSE SME on December 8, 2017.
ICE Make IPO price band is set at ₹55 to ₹57 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Vivro Financial Services Private Limited is the book running lead manager of the ICE Make IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to ICE Make IPO RHP for detailed information.
IPO Date | November 28, 2017 to November 30, 2017 |
Listing Date | December 8, 2017 |
Face Value | ₹10 per share |
Price Band | ₹55 to ₹57 per share |
Lot Size | 2000 Shares |
Total Issue Size | 4,160,000 shares (aggregating up to ₹23.71 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 11,512,000 |
Share holding post issue | 15,672,000 |
ICE Make IPO offers 4,160,000 shares. 2,080,000 (50.00%) to NII, 2,080,000 (50.00%) to RII.
Investor Category | Shares Offered | |
---|---|---|
Anchor Investor Shares Offered | - | |
Market Maker Shares Offered | - | - |
NII (HNI) Shares Offered | 2,080,000 (50.00%) | |
Retail Shares Offered | 2,080,000 (50.00%) | |
Total Shares Offered | 4,160,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹114,000 |
Retail (Max) | 1 | 2000 | ₹114,000 |
Lot Size Calculator |
Incorporated in 1993, ICE Make Refrigeration Ltd is Ahmedabad, Gujrat based manufacturer of refrigeration equipment under the brand of 'Ice Make'. Company provide 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 classifies its business into the following 4 verticals:
1. Cold Room
2. Commercial Refrigeration
3. Industrial Refrigeration and
4. Transport Refrigeration.
Company's top 5 products are Cold Room, Commercial Freezer, Chiller, Refrigerated Vehicle and Ice Cream Hardener.
The manufacturing facilities of our Company are located at Dantali, Gujarat and the manufacturing facilities of our Wholly Owned Subsidiary are located at Chennai, Tamil Nadu.
Key strengths
1. Manufacturers of wide range of refrigeration equipments
2. Providing customized solutions with a focus on after sales service
3. Well established manufacturing facilities
4. Strong marketing and distribution network
5. Catering to clients from diverse sectors and industries
The proceeds of the Issue are proposed to be deployed for financing the following objects:
1. To finance the capital expenditure;
2. Expenditure towards enhancement of brand through brand building activities;
3. Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary);
4. To meet the incremental working capital requirement;
5. General Corporate Purposes.
[Dilip Davda] Considering the status enjoyed by this company among creamy customers and proven track record, investors may consider investment for medium to long term. It is set to create fancy post listing as the first mover in the segment. (Subscribe). Read detail review...
The ICE Make IPO is subscribed 260.63 times on November 30, 2017 5:00:00 PM. The public issue subscribed 140.84 times in the retail category, times in the QIB category, and 378.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
NII | 378.67 |
Retail | 140.84 |
Total | 260.63 |
Listing Date | December 8, 2017 |
BSE Script Code | |
NSE Symbol | ICEMAKE |
ISIN | INE520Y01019 |
Final Issue Price | ₹57 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹57.00 |
₹68.40 |
₹68.40 |
₹68.40 |
₹68.40 |
ICE Make Refrigeration Ltd
B-1, Vasupujya Chamber, Near Navdeep Building,
Income-Tax Cross Road,
Ahmedabad 380009
Phone: +91 79 27540630
Email: info@icemakeindia.com
Website: http://www.icemakeindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: icemake.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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ICE Make IPO is a SME IPO of 4,160,000 equity shares of the face value of ₹10 aggregating up to ₹23.71 Crores. The issue is priced at ₹55 to ₹57 per share. The minimum order quantity is 2000 Shares.
The IPO opens on November 28, 2017, and closes on November 30, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The ICE Make IPO opens on November 28, 2017 and closes on November 30, 2017.
ICE Make IPO lot size is 2000 Shares, and the minimum amount required is ₹114,000.
You can apply in ICE Make IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ICE Make IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ICE Make IPO allotment status.
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i have 1 lot @ 85