Upcoming SME IPO_ Ice Make Refrigeration Limited

SME IPO_ ICE MAKE REFRIGERATION LIMITED

Issue Details

Issue opens 28th November 2017
Issue Closes 4th December 2017
Issue Price 55-57
Lot Size 2000
Issue Size 23.71 Crore
Lead Manager Vivro Financial Services Private limited
Registrar Link Intime India Private Limited
Platform NSE

Promoter & Promoter Group

  1. Mr. Chandrakant P. Patel
  2. Mr. Rajendra P. Patel
  3. Mr. Vipul I. Patel

Business Description

The company is a  refrigeration equipment manufacturer, engaged in providing cooling solutions. They  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. They classify the business into the following 4 verticals: (i) Cold Room (ii) Commercial Refrigeration (iii) Industrial Refrigeration and (iv) Transport Refrigeration. They operate their business verticals under the brand of “Ice Make”.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Capital Expenditure 1456.68
2 Working Capital Requirements 500.00
3 Enhancement of Brand 150.00
4 Investment in Subsidiary 110.13
5 General Corporate Purpose 154.39
Total 2371.20

Overview of Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 8788.28 7182.07 5061.82 3925.93 4048.26
Total Asset 5487.87 3867.39 3340.2 2835.57 2094.29
 Net Profits 510.89 264.34 93.41 89.05 82.96

Financial Ratios

EPS: 7.10

P/E Ratio : 8 times

RONW : 32.98%

NAV : 21.53

For Beeline Assistance:  Contact Here