Archive · 7 Aug 2026
Multibagger ICE Make Refrigeration Turns ₹1 Lakh into ₹11.5 Lakh
Imagine you bought a toy that cost very little, and five years later it became worth many times more.
That is what happened to people who bought shares of a company called ICE Make Refrigeration.
A share is a small piece of a company that people can buy and sell.
Five years ago, this company's shares were very cheap.
If someone put ₹1 lakh, a big amount of money, into these shares, it would now be worth about ₹11.5 lakh.
That means their money grew more than ten times!
The shares went down a little in recent months, but they still made a lot of money over a long time.
Many regular people, not just big companies, own shares of this company.
The company makes machines that keep things cold, like refrigerators and cooling equipment for businesses.
This story shows that if you choose the right company and wait a long time, your money can grow a lot.
ICE Make Refrigeration shares have surged nearly 3,096% from a March 2020 low of ₹25.65 to a current price of ₹820.
An investment of ₹1 lakh made five years ago would now be worth approximately ₹11.54 lakh.
The stock's bull run, which began in February 2022 and continued until April 2025, delivered a 1,240% gain and a record high of ₹1,088.
The company's market capitalization now stands at ₹1,200 crore as of Thursday's close.
Retail investors collectively own a 24% stake, with nearly 29 lakh small investors (capital up to ₹2 lakh) holding 18.86% of the company.
- Who
- ICE Make Refrigeration and its shareholders, especially retail investors who hold a 24% stake.
- What
- The company's stock surged about 3,096% from its March 2020 low of ₹25.65 to ₹820, turning a ₹1 lakh investment into roughly ₹11.54 lakh.
- When
- Over the last five years, with the main bull run spanning February 2022 to April 2025.
- Where
- Dalal Street, the Indian stock market, with data sourced from the BSE.
- Why
- Steady long-term share price growth made the stock a multibagger wealth creator for investors.
- Current share price
- ₹820
- March 2020 low
- ₹25.65
- Total gain from March 2020 low
- Nearly 3,096%
- Investment growth in five years
- ₹1 lakh to approximately ₹11.54 lakh
- Market capitalization
- ₹1,200 crore
- Record high
- ₹1,088
- Bull run gain (Feb 2022 - Apr 2025)
- 1,240%
- Retail investor stake
- 24%