The ICE Make Refrigeration Ltd IPO date has been confirmed to have started on November 28, 2017 and ended on November 30, 2017. Read the post to learn about ICE Make Refrigeration Ltd IPO.
ICE Make Refrigeration Ltd IPO seeks to raise Rs 23.71 crore. The price range is ₹55-₹57 per share. The minimum lot size for an application is 2000 shares. The minimum investment for retail investors is ₹114,000.
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Key Details Of ICE Make Refrigeration Ltd IPO :
Bidding Dates
November 28-30
Price Range
₹55 to ₹57 per share
Face Value
₹10 per share
GMP
₹646.30
ICE Make Refrigeration Ltd IPO GMP
The ICE Make Refrigeration Limited IPO GMP Today is ₹646.30.
ICE Make Refrigeration Ltd IPO Overview
The ICE Make IPO is a book-built offering of Rs 23.71 crore. Bidding for the ICE Make IPO started on November 28, 2017 and ended on November 30, 2017. On December 8, 2017, the shares were listed on the NSE SME. The pricing range for the ICE Make IPO is set at 55 to 57 cents per share. An application requires a lot size of 2000 shares. Retail investors must commit a minimum of $140,000.
Key strengths
- Manufacturers of wide range of refrigeration equipments
- Providing customized solutions with a focus on after sales service
- Well established manufacturing facilities
- Strong marketing and distribution network
- Catering to clients from diverse sectors and industries
ICE Make Refrigeration Ltd IPO Details
| 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 |
ICE Make Refrigeration Ltd IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
ICE Make Refrigeration Ltd IPO Listing Details
| Listing Date | December 8, 2017 |
| BSE Script Code | |
| NSE Symbol | ICEMAKE |
| ISIN | INE520Y01019 |
| Final Issue Price | ₹57 per share |
Company Profile
ICE Make Refrigeration Ltd, founded in 1993, is an Ahmedabad, Gujarat-based producer of refrigeration equipment under the ‘Ice Make’ brand. Cooling solutions and accessories are provided by the company for usage in industries such as dairy, ice cream, food processing, agricultural, pharmaceuticals, cold chains, logistics, hospital, hotel, 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.
Cold Room, Commercial Freezer, Chiller, Refrigerated Vehicle, and Ice Cream Hardener are the top five products of the company. Our Company’s manufacturing facilities are in Dantali, Gujarat, and our Wholly Owned Subsidiary’s manufacturing facilities are in Chennai, Tamil Nadu.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | ICE Make Refrigeration Ltd |
| Phone number | +91 79 27540630 |
| Email ID | [email protected] |
| Website | icemakeindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
ICE Make Refrigeration Ltd IPO FAQs
When ICE Make IPO will open?
The ICE Make IPO opens on November 28, 2017 and closes on November 30, 2017.
What is the lot size of ICE Make IPO?
ICE Make IPO lot size is 2000 Shares, and the minimum amount required is ₹114,000.
When is ICE Make IPO listing date?
The ICE Make IPO listing date is on December 8, 2017.
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