Business Standard

ICE Make Refrigeration Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

23.71 cr

Price Range (₹)

57

Lot Size

2000

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

28-Nov-2017

Close Date

30-Nov-2017

Listing Date

08-Dec-2017

ICE Make Refrigeration Ltd News

    The Shares of ICE Make Refrigeration Ltd have now been listed.

    ICE Make Refrigeration Ltd IPO Details

    Initial Public Offer of 41,60,000 equity shares of face value of Rs. 10 each (equity shares) of Ice Make Refrigeration Limited (the company or the issuer) for cash at a price of Rs. 57.00 per equity share including a share premium of Rs. 47.00 per equity share (the issue price), agreegating to Rs. 23.71 Crores (the issue) of which 2,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 57.00 per equity share agreegating to Rs. 1.19 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. 39,52,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 57 per equity share, agreegating to Rs. 22.52 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.54 % and 25.22 %, respectively of the post issue paid up equity share capital of the company. The face value of equity shares of Rs.10 each.The issue price is Rs.57 and is 5.7 times the face value of the equity shares.

    Objective of issue

    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 the brand through brand building activities. Investment in bharat refrigerations pvt ltd (wholly owend subsidiary) for upgradation of the existing facilities at chennai. To meet the incremental working capital requirement. General corporate purpose.

    ICE Make Refrigeration Ltd Contact Details

    ICE Make Refrigeration Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - info@icemakeindia.com

    Website - www.icemakeindia.com