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 Name | Readymix Construction Limited |
| Sector | Construction Equipment |
| IPO Type | SME |
| IPO Open date | 06th Feb 2025 |
| IPO Close date | 10th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Readymix Construction IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,23,000 |
| HNI (Min) | 2 | 2000 | 2,46,000 |
Readymix Construction IPO Timeline:
| IPO Open Date | 06th Feb 2025 |
| IPO Close Date | 10th Feb 2025 |
| Basis of Allotment | 11th Feb 2025 |
| Refund Initiation Date | 12th Feb 2025 |
| Shares Credit to Demat | 12th Feb 2025 |
| Listing Date | 13th 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.
