Tuesday, July 31, 2018

Ice Make forays into Ammonia based Refrigeration Manufacturing

Ice Make Refrigeration (Ice Make), one of the leading manufacturer and supplier of cooling solutions and refrigeration equipment, has forayed into Ammonia Refrigeration Equipment manufacturing and turnkey projects management, project engineering and execution. The Company so far manufactures cooling products with HCFCs (Hydro ChloroFluoro Carbons) and HFCs (Hydro Fluoro Carbons) refrigerants. It now enters into in-house engineering capability, equipment manufacturing and projects execution business using natural refrigerant – Ammonia.

Ice Make has extended its services into design, engineering, manufacturing, assembly, fabrication, installation, testing and commissioning with best in class after sales services for ammonia based skid mounted water chillers for Dairy and Pharma, Water, Glycol and Brine Chillers for Brewery, Beverage and Pharma Industries, Water, Glycol and Brine chilling plants for Dairies, Breweries, Pharma, Chemical, Fertilizer and allied Industries using Reciprocating as well as Screw Compressors, Shell and Tube, Atmospheric, Plate and Frame, Evaporative Condensers and Shell and Tube, Brazed, Shell and Plate, Plate and Frame Chillers, Falling Film Evaporators, Ice Accumulating Coils with Ice Bank Tank and other Refrigeration Equipment, controls and PLC systems.

Chandrakant P. Patel, CMD, Ice Make Refrigeration Limited said “The Company is strongly focussing on innovative refrigeration engineering as there is huge requirement for Cold Storages in the Country in addition to over 100 Food Parks that are being developed in the next few years. Ice Make will be able to extend services for ammonia based large cold stores for storage of Milk & Milk products and Blast Freezing & Hardening Chambers for Ice Cream, Meat, Poultry, Paneer, Cheese and Butter among others. According to the International Institute of Ammonia Refrigeration (IIAR), ammonia is 3 to 10% more thermodynamically efficient than competitive refrigerants. This allows an ammonia-based refrigeration system to achieve the same cooling effect while using less power. As a result, where ammonia refrigeration is appropriate, it can offer lower long-term operation costs. We have already received few orders for this and expecting good response from the market.”

With this development Ice Make is now a one- stop- cooling solution provider with expertise in Equipment Manufacturing, Project Engineering and Project Management for Dairy, Pharma, Beverage, Fruits &Vegetables, Horticultural Industries, Food and Process Industries etc.

The Company is engaged in the business of providing customized cooling solutions to diverse set of clients across wide range of industries by manufacturing and supply of high quality refrigeration products & equipment’s

Monday, July 9, 2018

Veteran Actor Raja Murad Rings Bell at the listing Ceremony of Rajnish Wellness Limited at BSE

Mumbai, Monday, July 9, 2018: Mumbai based Rajnish Wellness Limited (RWL), engaged in the business of marketing and distribution of sexual wellness, energy revitalization and personal care products, became 255th SME Company to get listed on BSE SME Platform. The script made a strong debut and surged 12 per cent, post the listing. Stock opened at Rs 100 and touched a day’s high of Rs 104.7 a share.

Mr Raja Murad, Veteran Bollywood Actor , Mr Rajnish Kumar Singh, Promoter and MD, Rajnish Wellness Ltd, Mr Ashsishkumar Chauhan, MD & CEO, BSE, Mr Ajay Thakur , Head, BSE SME,  Mr Sarthak Bijlani, Director Navigant Corporate Advisors attended the listing ceremony. 

Mr. Rajnish Kumar Singh, Founder and Managing Director, Rajnish Wellness Ltd said 
“We are probably the youngest company to get listed on BSE SME platform on a day when BSE, Asia's oldest Stock Exchange is celebrating 143rd birth anniversary. We as a group of young individuals below the age of 30 are really proud of our collective achievement. The Company raised Rs 119.8 million from Its IPO comprising 12, 61, 00 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 95 per share. The issue which opened for bids at BSE SME platform on 25 June, 2018, was fully subscribed. Proceeds of IPO will be utilized towards working capital requirement, general corporate, brand building and issue expanse purpose”

“RWL is a young & vibrant company providing Indian consumers with sexual wellness, personal & health care solutions by leveraging the ancient heritage of Ayurveda. The Company markets and sells contraceptives, sexual enhancement supplements, personal lubricants, healthcare products and enjoys healthy market share and leadership position. The Company was incorporated on June 13, 2015 and in a short span of time of three years Rajnish Wellness has grown tremendously to become a leading player in the segment and the Company is poised for the accelerated growth in coming years.

“Changing lifestyle and awareness of health and wellness is increasing demand for these products and the Company is further exploring ethical market in sexual wellness and energy revitalization category. Sexual wellness in India is witnessing a sea change with a plethora of products entering the market which is growing at a very healthy pace of CAGR of 41.97%. PlayWin”, the flagship brand of RWL has established itself as India’s fastest growing brand in sexual wellness category within a short period of three years with presence across more than 30,000 outlets pan India, Mr Singh added.

The Company’s diversified product portfolio covers several flagship products which are marketed and sold under well established brand names such as “PlayWin Capsules” , “PlayWin Condom”, “Rajnish Lotion”, “Rajnish Plus Lotion”, “Play Win Spray”, “PlayWin Plus Capsules”, “PlaWin Oil”, , “PlayWin F Capsule”, “Kasaav Powder”, “SudantaDantManjan”, “Mithohar Liquid”, “Mithohar Tablets”, “Madamrit Hair Shampoo”, “Madamrit Hair Oil”, “Madamrit Hair Capsule” and Pia Lo Herb’s.

The Company has expanded its reach in 17 states in India through innovative marketing strategies and enjoys very strong hold in Maharasthra, Karnataka, and Odisha. The other states where Company is significantly making inroads include Uttar Pardesh, Bihar, Delhi, Jharkhand, Madhya Pradesh, Uttarakhand, Haryana and West Bengal. All products of the company are available in all major medical stores in these states.

The Company has posted a healthy financial performance. For the Fiscal year ended as at February 28, 2018, March 31, 2017 and March 31, 2016 the Company’s gross revenues stood at Rs.2,423.22 Lakhs, Rs.2,529.63 Lakhs and Rs.1,315.88 lakhs respectively while  PAT (Profit after Tax) for these periods stood at Rs. 161.87 Lakhs, Rs.63.87 Lakhs and Rs.32.34 Lakhs respectively.

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