ICE Make Refrigeration IPO vs Lorenzini Apparels IPO

Comparison between ICE Make Refrigeration IPO and Lorenzini Apparels IPO.

IPO Details

ICE Make Refrigeration IPO is a SME Fixed Price IPO proposed to list at NSE SME while Lorenzini Apparels IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of ICE Make Refrigeration IPO is up to ₹22.53 Cr whereas the issue size of the Lorenzini Apparels IPO is up to ₹4.24 Cr. The final issue price of ICE Make Refrigeration IPO is ₹57.00 per share and of Lorenzini Apparels IPO is ₹10.00 per share.

 ICE Make Refrigeration IPOLorenzini Apparels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share
Issue Price (Upper)₹57.00 per share
Issue Price (Final)₹57.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares10000 shares
Fresh Issue Size39,52,000 shares42,40,000 shares
Fresh Issue Size (Amount)up to ₹22.53 Crup to ₹4.24 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,52,000 shares42,40,000 shares
Issue Size Total (Amount)up to ₹22.53 Crup to ₹4.24 Cr

IPO Timetable

ICE Make Refrigeration IPO opens on Nov 28, 2017, while Lorenzini Apparels IPO opens on Jan 31, 2018. The closing date of ICE Make Refrigeration IPO and Lorenzini Apparels IPO is Nov 30, 2017, and Feb 06, 2018, respectively.

 ICE Make Refrigeration IPOLorenzini Apparels IPO
Issue OpenNov 28, 2017Jan 31, 2018
Issue CloseNov 30, 2017Feb 06, 2018
Basis Of Allotment (Tentative)Dec 06, 2017Feb 09, 2018
Initiation of Refunds (Tentative)Feb 12, 2018
Credit of Share (Tentative)Feb 14, 2018
Listing date (Tentative)Dec 08, 2017Feb 15, 2018

Financials & KPIs

ICE Make Refrigeration IPO P/E ratio is , as compared to Lorenzini Apparels IPO P/E ratio of .

 ICE Make Refrigeration IPOLorenzini Apparels IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Jun 201731 Mar 201731 Mar 201631 Mar 2015
Assets53.1854.8838.6733.40
Total Income23.0587.8871.8250.62
Profit After Tax1.475.112.640.93
NET Worth16.9515.4910.387.74
Reserves and Surplus5.448.293.186.30
Total Borrowing15.4514.3813.4811.99
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201731 Mar 201731 Mar 201631 Mar 2015
Assets14.9313.955.135.57
Total Income6.6316.4512.1114.16
Profit After Tax0.280.15-0.030.06
NET Worth6.183.040.420.46
Reserves and Surplus0.520.760.410.45
Total Borrowing2.342.341.822.20
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.99%
Promoter Shareholding (Post-Issue)73.46%55.91%
Market Cap₹89.33 Cr.₹10.14 Cr.

Shares Offered

In the ICE Make Refrigeration IPO Retail Individual Investors (RII) are offered 19,76,000 shares while in Lorenzini Apparels IPO retail investors are offered 19,76,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in ICE Make Refrigeration IPO and 0 shares in Lorenzini Apparels IPO.

 ICE Make Refrigeration IPOLorenzini Apparels IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,08,000 shares2,30,000 shares
QIB0 shares0 shares
NII19,76,000 shares21,20,000 shares
RII19,76,000 shares21,20,000 shares
Employee0 shares0 shares
Total39,52,000 shares42,40,000 shares

Bids Received (Subscription)

ICE Make Refrigeration IPO subscribed 274.35x in total, whereas Lorenzini Apparels IPO subscribed 1.70x.

 ICE Make Refrigeration IPOLorenzini Apparels IPO
NII (times)398.60x1.40x
RII (times)148.26x2.00x
Total (times)274.35x1.70x

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