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IPO Details


ICE Make Refrigeration Ltd
Registered Office: B-1 Vasupujya Chamber, Neer Navdeep Bldg IT Cross Rod, Ahmedabad - 380009, Gujarat
Phone: 91-79-27540630
Email: info@icemakeindia.com
Website: www.icemakeindia.com
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 Further Multiples of : 2000
()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
General corporate purpose
Promoted By
Chandrakant P Patel
Rajendra P Patel
Vipul I Patel
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

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