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The Readymix Construction IPO is a book-built issue of ₹37.66 crores, consisting entirely of a fresh issue of 30.62 lakh shares.
The IPO opens for subscription on February 6, 2025, and closes on February 10, 2025. Allotment for the Readymix Construction IPO is expected to be finalized on Tuesday, February 11, 2025. The IPO will be listed on NSE SME, with the tentative listing date set for Thursday, February 13, 2025.
The price band for the Readymix Construction IPO is ₹121 to ₹123 per share. The minimum lot size for an application is 1000 shares, with the minimum investment required for retail investors at ₹1,23,000. For HNI investors, the minimum lot size is 2 lots (2,000 shares), requiring an investment of ₹2,46,000.
For detailed information and the latest updates on the Readymix Construction Machinery Limited IPO, including the IPO GMP, subscription status, and allotment details, investors can rely on trusted platforms such as IPO Watch, IPO Allotment BSE, or refer to the Readymix Construction Machinery Limited IPO Red Herring Prospectus (RHP). Staying informed on these crucial aspects is essential for making well-informed and strategic investment decisions in this IPO.
| IPO Date | February 6, 2025 to February 10, 2025 |
| Listing Date | Share Holding Pre-Issue |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹123 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 30,62,000 shares (aggregating up to ₹37.66 Cr) |
| Fresh Issue | 30,62,000 shares (aggregating up to ₹ 37.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,96,500 shares |
| Share Holding Post Issue | 1,09,58,500 shares |
| Market Maker Portion | 1,54,000 shares Hem Finlease Private Limited |
| IPO Open Date | Thursday, February 6, 2025 |
| IPO Close Date | Monday, February 10, 2025 |
| Basis of Allotment | Tuesday, February 11, 2025 |
| Initiation of Refunds | Wednesday, February 12, 2025 |
| Credit of Shares to Demat | Wednesday, February 12, 2025 |
| Listing Date | Thursday, February 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,23,000 |
| Retail (Max) | 1 | 1000 | ₹1,23,000 |
| HNI (Min) | 2 | 2,000 | ₹2,46,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 52.43 | 38.97 | 32.16 | 30.16 |
| Revenue | 35.5 | 69.84 | 55.01 | 47.83 |
| Profit After Tax | 1.04 | 9.28 | 2.78 | 1.33 |
| Net Worth | 19.8 | 18.75 | 9.43 | 6.63 |
| Reserves and Surplus | 11.9 | 18.29 | 8.96 | 6.17 |
| Total Borrowing | 16.68 | 7.9 | 7.6 | 4.68 |
Maximizing Opportunities with Readymix Construction Machinery Limited IPO
In conclusion, the Readymix Construction Machinery Limited IPO presents a promising opportunity for investors looking to tap into the growing construction and infrastructure sector. With a price band of ₹121 to ₹123 per share and a minimum investment requirement of ₹1,23,000 for retail investors, this IPO offers potential for those who believe in the company’s future growth prospects. However, as with any investment, it’s crucial to stay updated on the IPO details, including subscription status and allotment information, to make informed decisions. Platforms like IPO Watch and the Red Herring Prospectus (RHP) will be valuable resources for those interested in this offering.
