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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Nov-2017
30-Nov-2017
₹ 57.00
₹ 0.00
Minimum Application for shares in Nos : 2000.0
Further Multiples of : 2000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Vivro Financial Services Pvt Ltd
Project Financed through Current Offer
23.71
Post Issue Equity Share Capital
15.67
Issue Price
₹57.00
Projects
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