I'm not using sharpdevelop or visual studio for ironpython app development. I have my reasons for not using them for app development. What are my console based options for compiling ironpython .exe file and packaging it manually ? 
Is it possible to create executable app with ironpython and pack it using installer ?
I've used pyc and InnoSetup to create my installers.  You can also download and run WIX from the command line without using #Develop or Visual Studio. The key is make sure you include all of the DLL's you need and to NGEN them on install for shorter start times and better performance.
Packing ironpython app into .exe and Installer