Readymix Construction IPO Readymix Construction IPO png

Readymix Construction IPO GMP, Price band, Details

Readymix Construction IPO is a book-built issue valued at Rs 37.66 crores, consisting entirely of a fresh issue of 30.62 lakh shares.

The subscription for the Readymix Construction IPO will open on February 6, 2025, and close on February 10, 2025. The allotment process is expected to be finalized on Tuesday, February 11, 2025. The IPO is set to list on the NSE SME, with a tentative listing date scheduled for Thursday, February 13, 2025.

Readymix Construction operates in the construction equipment sector. They offer a range of services including the conceptualization, development, fabrication, testing, installation, and after-sales services of construction machinery.

The price band for the Readymix Construction IPO is set between ₹121 and ₹123 per share. Investors must apply for a minimum lot size of 1,000 shares. The minimum investment required for retail investors is ₹1,23,000, while high-net-worth individuals (HNI) must apply for at least 2 lots (2,000 shares), amounting to ₹2,46,000.

Hem Securities Limited is the book-running lead manager for the Readymix Construction IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. The market-making responsibilities will be handled by Hem Finlease Private Limited.

Readymix Construction IPO Details:

Company NameReadymix Construction Limited
SectorConstruction Equipment
IPO TypeSME
IPO Open date06th Feb 2025
IPO Close date10th Feb 2025
Listing ExchangesNSE
DRHP Draft ProspectusClick to check
RHP Draft ProspectsClick to check

Readymix Construction IPO Lot Size:

ApplicationLot SizeSharesAmount
Retail (Min)110001,23,000
HNI (Min)220002,46,000

Readymix Construction IPO Timeline:

IPO Open Date06th Feb 2025
IPO Close Date10th Feb 2025
Basis of Allotment11th Feb 2025
Refund Initiation Date12th Feb 2025
Shares Credit to Demat12th Feb 2025
Listing Date13th Feb 2025

Things to Consider before applying for an IPO

Financial Performance: Review Readymix Construction’s Financials to understand its revenue, profitability, and growth prospects.

Industry Outlook: Consider the overall health of India’s Construction Equipment Industry.

Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.

Management Team: Research the experience and capabilities of the management team.

Our Verdict

This IPO offers a good opportunity to invest in Readymix Construction and be a part of its growth.

FAQ

What is Grey Market Premium (GMP)?

The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.

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