# ICE Make Refrigeration stock turns Rs 1 lakh into Rs 11.5 lakh in five years 2026-08-07T15:12:19+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet ICE Make Refrigeration Ltd, a small-cap stock, has surged 3,096% from a low of Rs 25.65 in March 2020 to Rs 820 currently, turning a Rs 1 lakh investment into about Rs 11.5 lakh in five years, according to Livemint. The company provides customised cooling solutions. Retail investors own 18.86% of the firm, with nearly 29 lakh shareholders holding up to Rs 2 lakh each in value, Livemint reported. The stock has risen steadily since February 2022, giving positive returns in each of the last four calendar years. ## Coverage - livemint.com This story was synthesised by AI from the source linked above. Updated: this story now draws on 1 sources. Last updated 2026-09-27T06:04:58+00:00. Tags: ICE Make Refrigeration, multibagger, penny stocks, retail investors, stock market, wealth creation Canonical: https://indianopinion.org/ice-make-refrigeration-stock-turns-rs-1-lakh-into-rs-11-5-lakh-in-five-years/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ice-make-refrigeration-stock-turns-rs-1-lakh-into-rs-11-5-lakh-in-five-years/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/