Ice Make raises Rs 190 cr via preferential issue; JV with Japan's Galilei

Fund Raising View source PDF Explain this filing

ICEMAKE · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹865.05

prior close

₹865.15

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.9% vs market

Industrial Products peers, median of 128sector-0.3%-0.2% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 128Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ice Make will raise about Rs 190 crore via preferential issue of equity shares. Japan's Galilei Holdings (Tokyo-listed) will invest Rs 180 crore, other investors Rs 10 crore. Also forms JV with Galilei (60:40) for commercial refrigerators. Funds for expansion, debt repayment, new office, and acquisitions.

Likely market impact

Raises about Rs 190 cr from Japan's Galilei for expansion, debt repayment, and acquisitions. Subject to shareholder and exchange approvals.