Wealth Growth Path

Total revenue up 27.44% to Rs. 129.58 Cr. Recommends Final Dividend of Rs. 1.20 per equity share Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has reported a remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The revenue for the full year FY19rose by 27.44% to Rs. 129.58 Cr. compared to Rs. 101.68 Cr. reported in the corresponding last financial year of FY18.   The Net Profit for the full year ended March 31, 2019 grew 18.11% to Rs. 7.83 Cr. compared to Rs 6.63 Cr. posted in FY18. The Company’s Total Revenue for the second half year of FY19 grew by 19.18 % to Rs. 73.20 Cr. compared to Rs . 61.42 Cr. reported in the second half year of FY18. The net profit for this period (H2FY19) rose by 15.72 % to Rs. 5.20 Cr. compared to Rs. 4.49 Cr. posted in H2 of FY18. The Board of Directors of the Company at its meeting held on May 25, 2019 rec...

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has commissioned its in-house manufacturing facility of condenser coil and evaporator coil at Dantali, Gandhinagar, Gujarat. The Company in December 2017 raised Rs 24 crore through initial public offer to part finance setting up this plant, b ackward integration to improve production efficiencies and upgradation of existing facilities at its plants in Gujarat and Tamil Nadu. Mr Chandrakant P. Patel, Chairman and Managing Director, Ice Make Refrigeration Limited said “The condenser coils and the evaporator coils are an essential component of the condenser and evaporator respectively, which are integrated into the refrigeration equipment. The Company earlier had to procure condenser coil from the domestic market and majority of suppliers of evaporator coil from overseas. But now with the commissioning of this in-house manufacturing facility with a capacity o...

Mumbai, March 28, 2019:  Delhi based Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services to large number of Schools & Students, today became 291 st company to get listed on BSE SME, India’s largest SME platform. The stock which listed at Rs 132 a share surged nearly 5% to Rs 138.55 during the intraday trade. The IPO comprising of 1, 63,000 Equity Shares successfully closed on 19 March 2019 and was oversubscribed 1.35 times. The Company raised Rs 2.15 crores through the IPO which will be utilized towards working capital requirements and general corporate purposes.  Mr. Nitesh Jain, Managing Director, Humming Bird Education Limited, said “ Getting a company listed is a significant milestone for an entrepreneurial journey. We at HBEL are proud and delighted to have our company listed on the SME platform of Bombay Stock Exchange. We began our journey in 2010 and in less than a decade HBEL...

The IPO of Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services to large number of Schools & Students, was successfully subscribed 1.35 times and closed today. The HNI and Retail portions subscribed 1.78 and 0.90 times respectively. The Issue which was opened from 15 to 19 March 2019 on the BSE SME platform comprised 1, 63,000 Equity Shares of face value of Rs.10.00 each at a cash price of Rs.132.00 per Equity Share, aggregating up-to Rs. 215.16 lakhs. Lead Manager to the issue Mr Abhinav Gupta, President, Share India Capital Service said” Humming Bird Education with its asset light business model has huge potential for growth. The Company will be the first and only listed entity rendering quality Olympiad exam services and providing scientifically designed study material & performance analysis reports to its students and clients in over 12 countries. We are really happy with the overall deman...

Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services such as scientifically designed study material, free mobile apps, performance analysis reports to large number of Schools & Students, will launch its initial public offer on the BSE SME platform on 15 March 2019. The Issue comprises 1, 63,000 Equity Shares of face value of Rs.10.00 each at a cash price of Rs.132.00 per Equity Share, aggregating up-to Rs. 215.16 lakhs. The proceeds from IPO will be utilized towards working capital requirements, general corporate and the issue expenses purposes. The Issue will close on 19 March 2019. Share India Capital Services Private Limited is the lead manger to the issue and Bigshare Services Private Limited is the registrar to the public offer. Mr. Nitesh Jain, Managing Director, Humming Bird Education Limited, said “HBEL has over 1000 schools, 2.5 lakh students and 21 franchise offices globally. “...

    Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, bagged two prestigious awards for demonstrating exemplary communications capabilities. The Company participated in “2017-18 Vision Award Annual Report Competition” hosted by the League of American Communications Professionals LLC (LACP) and has been ranked 27 th among the top 100 annual reports globally. Besides, it was also conferred with Gold Award for excellence within its core industry category.  Commenting on the award Mr. Chandrakant P. Patel, Chairman and Managing Director, Ice Make Refrigeration Limited, said “Ice Make has been in the forefront in producing quality cooling & refrigeration solutions to large number of varied customer needs. The global recognition demonstrates our endeavour towards clear and concise annual report messaging, adding yet another feather in our cap. We take immense pride in being a stakeholde...

The BSE SME initial public offer (IPO) of Anmol India Limited, engaged in the business of energy solutions and supplying High GCV USA Coal, Indonesian coal, Petroleum coke among others , successfully subscribed 1.48 times at the end of closing day today. The HNI and Retail portion subscribed 1.45 and 1.56 times, respectively.  The issue which opened on 12 February 2019, comprises a Fresh Issue of 31,00,000 Equity Shares of face value of Rs 10/- each for cash at a price of INR 33/- per equity share aggregating to INR 102.3 million. The proceeds from IPO will be utilized to part finance working capital requirements of the Company; meet General corporate purposes and the expenses of the Issue.   The lead manger to the issue Mr Abhinav Gupta, President, Share India Capital Service said “Anmol India Ltd is our 1 st IPO mandate as a merchant banker and we are very happy with the super response from the Investors. The Company has quality fundamentals and high potential for ac...