ICE Make Refrigeration Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Nov 2017

Close Date

30 Nov 2017

Allotment

06 Dec 2017

Listing Date

08 Dec 2017

Exchange

NSE SME

Price Band

₹57

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹57

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

41,60,000 shares (aggregating up to ₹23.71 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹114,000

1 lot

Pre-IPO Holding

1,15,12,000 shares

Promoters

Post-IPO Holding

1,56,72,000 shares

Promoters

UPI Deadline

2017-11-30

Mandate

Anchor AllotmentMon, 27 Nov 2017

Basis of AllotmentWed, 06 Dec 2017

Refund InitiationThu, 07 Dec 2017

Demat CreditThu, 07 Dec 2017

Listing DayFri, 08 Dec 2017

UPI Mandate Deadline2017-11-30

Sale TypeFresh Capital

Net Offer to Public39,52,000 shares (aggregating up to ₹22.53 Cr)

Market Maker Quota2,08,000 shares (aggregating up to ₹1.19 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

NSE ListingView on NSE →

Check AllotmentClick here →

Subscription Rate Final

ICE Make Refrigeration Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Nov 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	208,000	—	₹1.19
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,160,000	100%	₹23.71

IPO Shares Offered

ICE Make Refrigeration Ltd IPO total issue size: ₹23.71 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	208,000	₹1.19	5.00%
Total	4,160,000	₹23.71	100.00%

* Based on upper price band ₹57 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹57.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹228,000
Retail (Max — 13 Lots)	13	26,000	₹1,482,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,596,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,752,000

* Issue Price ₹57 × Lot Size 2,000 shares

IPO Schedule

Anchor

27 Nov 2017

✓ Done

IPO Open

28 Nov 2017

✓ Done

IPO Close

30 Nov 2017

✓ Done

Allotment

06 Dec 2017

✓ Done

Refunds

07 Dec 2017

✓ Done

Demat Credit

07 Dec 2017

✓ Done

Listing Day

08 Dec 2017

✓ Done

₹57.00

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Issue ₹57.00 Live Price

About ICE Make Refrigeration Ltd

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 Room2. Commercial Refrigeration3. Industrial Refrigeration and4. 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 equipments2. Providing customized solutions with a focus on after sales service3. Well established manufacturing facilities4. Strong marketing and distribution network5. Catering to clients from diverse sectors and industries

Objects of the Issue

To finance the capital expenditure for

Setting up of a coil manufacturing facility at Dantali

Upgradation of the existing facilities at Dantali

Construction of an administration office at Dantali

Expenditure towards enhancement of our brand through brand building activities

Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary) for upgradation of the existing facilities at Chennai

To meet the incremental working capital requirement

General Corporate Purpose

ICE Make Refrigeration Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹7,182.1

31-Mar-2016

₹8,788.3

31-Mar-2017

₹2,305.2

30-Jun-2017

Profit After Tax (PAT)

₹264.3

31-Mar-2016

₹510.9

31-Mar-2017

₹146.5

30-Jun-2017

Particulars	30-Jun-2017	31-Mar-2017	31-Mar-2016
Revenue from Operations	2305.19	8788.28	7182.07
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	146.53	510.89	264.34
Net Worth	1695.39	1548.86	1037.96
Total Assets	5318.39	5487.87	3867.39
Reserves & Surplus	544.19	1548.86	1037.96
Borrowings	1545.13	1437.71	1348.28
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered41,60,000 (100.00%)

Net Offer to Public39,52,000 shares (aggregating up to ₹22.53 Cr)

Reserved for Market Maker2,08,000 shares (aggregating up to ₹1.19 Cr)

Pre-Issue Promoter Holding1,15,12,000 shares

Post-Issue Promoter Holding1,56,72,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeICEMAKE-EQ

Registrar & Lead Managers

IPO Registrar

Link Intime India Private Limited

+ 91-22-49186200

icemake.ipo@linkintime.co.in

https://www.linkintime.co.in

Check Allotment

Book Running Lead Managers

Vivro Financial Services Private Limited

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much ICE Make Refrigeration Ltd IPO subscribed? ▲

ICE Make Refrigeration Ltd IPO is subscribed 1.00 times by Nov 30, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is ICE Make Refrigeration Ltd IPO retail subscription status? ▼

The ICE Make Refrigeration Ltd IPO retail category is subscribed 1.00 times as of 30 Nov 2017. The retail portion is oversubscribed.

How to subscribe ICE Make Refrigeration Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Nov 2017 and closes 30 Nov 2017. Min investment: ₹114,000 (1 lot = 2,000 shares). UPI mandate: 2017-11-30.

How many times ICE Make Refrigeration Ltd IPO subscribed? ▼

The ICE Make Refrigeration Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check ICE Make Refrigeration Ltd IPO allotment? ▼

Check allotment on the registrar website (Link Intime India Private Limited) at https://www.linkintime.co.in. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Dec 2017. Refunds: on 07 Dec 2017.

When ICE Make Refrigeration Ltd IPO will be listed? ▼

The ICE Make Refrigeration Ltd IPO listing date is 08 Dec 2017, Friday. Listed on: NSE SME. Issue price: ₹57. Estimated listing: ₹57. GMP: NIL.

When ICE Make Refrigeration Ltd IPO close? ▼

The ICE Make Refrigeration Ltd IPO closes on 30 Nov 2017, Thursday. UPI mandate: 2017-11-30. Allotment: 06 Dec 2017. Listing: 08 Dec 2017.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹57.00

Change—

Issue Price₹57.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹57

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹57

Subscribed1.00x

Open Date28 Nov 2017

Close Date30 Nov 2017

Allotment06 Dec 2017

Listing Date08 Dec 2017

ExchangeNSE SME

UPI Deadline2017-11-30

Script CodeICEMAKE-EQ