Top line grows 40% to Rs 67.12 crore Ice Make Refrigeration Limited  (NSE: ICEMAKE), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has reported  245.3% growth  in its net profit and  40.14%   growth in its revenue for the quarter ended on 30 September 2022.  The Company recorded a net profit of  Rs 4.64 Cr  in the reporting period as against  Rs 1.34 Cr  posted in the corresponding quarter of fiscal 2021. The consolidated revenue for Q2FY2023stood at  Rs 67.12 cr  against  Rs 47.90 Cr  posted in the corresponding quarter of fiscal 2021. Mr. Chandrakant Patel, CMD, Ice Make Refrigeration Limited said” Strong demand continued to help deliver robust growth in revenue and profitability jumped significantly in the reporting period of Q2FY23 due to higher scale and cost controls. During the quarter finance cost recorded a steep  56.7%  drop on a Year on Year basis to Rs 17.8 lakh while lower operating and fixed cost boosted

  Tailwind Financial Services (Tailwind), a new age wealth management platform, has partnered with Grip, India’s leading multi-asset alternative investment platform. Rishabh Goel, Managing Director, Tailwind Financial Services said “Founded in 2016, Tailwind has made significant inroads in the wealth management space in a short span of time and our partnership with Grip would further strengthen our capabilities and help bring more differentiated strategies for investors. Under the partnership we are offering solutions like Asset Leasing and Inventory Financing, which is unique for investors, helps in generating higher returns with the backing of tangible assets to protect in case of delays” Commenting on the tie-up Nikhil Aggarwal, Founder and CEO of Grip said “We are happy to partner with Tailwind Financial Services to help their investors benefit from our unique offerings. We are democratising wealth creation by providing investors access to investment options previously only ava

Chief Guest Shri Piyush Goyal, Union Min ister of Commerce & Industry, Consumer Affairs & Food & Public Distribution & Textiles, Govt. of India, today rang the BSE Bell along with Shri Ram Charan Bohra, MP (From Jaipu r ) and Senior Officials of BSE to mark the listing of  400 th Company on the erstwhile BSE SME, India’s largest equity capital market platform for small and medium enterprises (SMEs). With the listing of 6 new IPO bound companies, the BSE SME now has taken the listed company count to 402 with a market cap of over Rs. 62,177 Crore.   Here is the list of 9 companies (complied by AARYANA MATASCO, Investor Relations and PR consultancy) that had a pumper listing today on BSE SME and NSE Emerge   Company Listing price (Rs) Issue price Percentage gain/loss Isolation Energy 76.1 38 100 Concord Control Systems 109.95 55 98.18

  Both issues subscribe 262 and 140 times respectively Concord Control Systems public issue of 15.12 lakh equity shares at a price band of Rs 53 -55 per share, received a whopping investor response for its SME IPO that was available for subscription at BSE SME from 27 to 30 September 2022. The issue was subscribed 262 time attracting over Rs 1600 crore for its 8.32 Crore IPO.     Incorporated in 2011, Concord Control Systems Limited is engaged in the business of  manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors.  The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows etc. and products required in the electrification of coaches and broad-gauge network of Indian Railways like Battery Charger 200 AH, Battery Charger 40 AH, and Tensile Testing Machine. Cargotrans Maritime Limited IPO

Auspicious time of Navratri and runaway returns delivered by some recent issues set the mood for record number of 14 SME ( small and medium enterprises)  IPOs that have approached the primary market this week, including Concord Control Systems, Cargotrans Maritime, Lloyds Luxuries, Cargosol Logistics, Silicon Rental Solutions, Vedant Asset, Isolation Energy,   Cyber Media Research, Indong Tea, MaaghAdvertising, QMS Medical, Reetech International Cargo & Courier, Steelman Telecom, Swastik Pipe and Trident Lifeline . The data compiled by Aaryana Matasco,  an emerging company Investor Relations and PR Firm, shows the record for highest number of SME IPOs in a single month that was 24, witnessed in October 2018 is also being broken this month with the launch of 27 IPOs in September 2022.    The secondary markets have been volatile, but demand for SME IPOs has been better this year. This year, the demand to list on the SME platform has been robust compared to 59 listings in 2021

  Silicon Rental Solutions Limited (SRSL) , an IT equipment outsourcing company, has launched its public issue of up to 27, 12,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 78 per Equity Share, available in a  lot size of 1600, for subscription on the BSE SME Exchange. The issue will close on 30 September 2022.   The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. The Company’s Chairman and Managing Director, Sanjay Harish Motiani said” We are an IT equipment outsourcing company, engaged in providing end to end IT equipment on a rental and returnable basis in India. The Company is raising Rs 2115.36 lakh through the public issue. Out of net offer proceeds, Rs. 854.78 Lakhs will be utilized to meet capital expenditure requirements, Rs 850 lakhs for repayment of borrowings and the balance towards general corporate purposes. In Fiscal 2022, we served over 275 customers, acro

  Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has announced significant expansion plans at its Annual General Meeting. During this financial year, the Company is planning to set up a​Greenfield ​ ​unit at a cost of around Rs. 45 to 50 Crores​. ​ ​The Company will manufacture ​​Continuous Penal​​s ​that are used in areas like infrastructure, industrial & residential building​s. ​The project will be set up in​ ​Gujarat​and expected to be fully functional in the next 12 to 15 months.  Mr. Chandrakant P. Patel, CMD, Ice Make Refrigeration Limited said “. As per the market survey, the future forecast of Continuous ​P​enal business is pegged at a CAGR of about 14% during next five years.​ We are confident the project will further strengthen the business growth of the Company. We are in the process of evaluating various sources of finance for our capex plan of Rs. 45 to 50 Crore