The Readymix Construction Machinery Limited IPO, which opened on February 6, 2025, aims to raise ₹37.66 crore through a fresh issue of 30.62 lakh shares. The price band for this IPO is ₹121 to ₹123 per share, and the minimum investment is ₹1,23,000 for a single lot of 1,000 shares for retail investors. As of February 6, 2025, the Readymix Construction Machinery Limited IPO GMP stands at ₹9, indicating a 7% premium over the issue price. The IPO will close on February 10, 2025, with allotment expected on February 11, 2025, refunds on February 12, and listing on the NSE SME platform on February 13, 2025.
What is the Readymix Construction Machinery Limited IPO?
The Readymix Construction Machinery Limited IPO is a fresh issue offering 30.62 lakh shares at a price band of ₹121 to ₹123 per share. The company aims to raise ₹37.66 crore through this IPO to fund debt repayment, meet working capital needs, and fulfill general corporate purposes. Readymix Construction Machinery Pvt. Ltd has been a key player in the construction equipment sector, specializing in solutions like Dry Mix Mortar Plants and concrete plant support systems. The IPO aims to provide retail investors with an opportunity to invest in this growing company.
Key Details of the Readymix Construction Machinery Limited IPO
Here’s a breakdown of the essential details of the Readymix Construction Machinery Limited IPO:
- Issue Size: ₹37.66 crore
- Issue Type: Book Built Issue
- Price Band: ₹121 to ₹123 per share
- Listing: NSE SME
- Face Value: ₹10 per share
- IPO Open Date: February 6, 2025
- IPO Close Date: February 10, 2025
- Allotment Finalization: February 11, 2025
- Listing Date: February 13, 2025
Readymix Construction Machinery Limited IPO GMP: What Does It Mean for Investors?
The Readymix Construction Machinery Limited IPO GMP is ₹9 as of February 6, 2025, suggesting a 7% premium over the issue price. Readymix Construction Machinery Limited IPO GMP indicates a positive market sentiment, suggesting that the IPO could list at a slight premium on its listing date. The Readymix Construction Machinery Limited IPO GMP is one of the key factors for potential investors to consider as it gives an idea of the possible listing gain on the first day of trading. A premium of ₹9 means investors are anticipating strong demand for Readymix Construction Machinery Pvt Ltd shares.
How Can Retail Investors Participate in the Readymix Construction Machinery Limited IPO?
Retail investors looking to apply for the Readymix Construction Machinery Limited IPO can do so by purchasing a minimum lot size of 1,000 shares, which costs ₹1,23,000. The Readymix Construction Machinery Pvt Ltd IPO price offers an accessible entry point for those interested in investing in the construction equipment sector. For High Net-worth Individuals (HNIs), the minimum application is for 2,000 shares, costing ₹2,46,000. It’s important for investors to evaluate the IPO’s prospects based on the Readymix Construction Machinery Limited IPO review before making their decision.
Readymix Construction Machinery Pvt. Ltd – Factory and Its Products
Readymix Construction Machinery Pvt. Ltd is a well-established name in the construction equipment industry, offering a wide range of products and services. The company’s factory specializes in the production of Dry Mix Mortar Plants, concrete plants, and related support systems. These products are integral to large-scale construction projects, and Readymix Construction Machinery Pvt Ltd continues to be a leader in providing these engineering solutions.
Financial Overview of Readymix Construction Machinery Limited
The Readymix Construction Machinery Limited company has shown impressive financial growth, which can be seen from the following table:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Revenue (₹ Crore) | 35.5 | 69.84 | 55.01 | 47.83 |
| Profit After Tax (₹ Crore) | 1.04 | 9.28 | 2.78 | 1.33 |
| Assets (₹ Crore) | 52.43 | 38.97 | 32.16 | 30.16 |
The consistent growth in revenue and profit indicates that Readymix Construction Machinery Pvt Ltd has a solid financial foundation, making it a promising investment opportunity.
The Objectives Behind the Readymix Construction Machinery Limited IPO
The funds raised through the Readymix Construction Machinery Limited IPO will be utilized for:
- Debt Repayment: A portion of the raised capital will go towards paying off the company’s outstanding loans.
- Working Capital: The raised funds will strengthen the company’s working capital to enhance its operational capabilities.
- General Corporate Purposes: Remaining funds will be allocated for the company’s business expansion.
These objectives demonstrate the company’s plans to use the IPO proceeds wisely and strategically.
Readymix Construction Machinery Limited IPO Review: Is It a Good Investment?
The Readymix Construction Machinery Limited IPO presents an attractive investment opportunity for those looking to invest in the construction equipment sector. The Readymix Construction Machinery Limited IPO price is reasonable, and the GMP suggests the potential for a listing gain. The company’s financials are strong, and its market position in the construction sector offers a good growth trajectory. Overall, the Readymix Construction Machinery Limited IPO review leans towards a positive outlook for investors.
Don’t Miss Out on Your Opportunity to Invest in Readymix Construction Machinery Limited IPO
At GRM Bulls, we are experts in stock market trading and investments. If you’re interested in learning how to make the most of the Readymix Construction Machinery Limited IPO, we provide comprehensive support to help you succeed.
Our platform helps you access the best IPOs and maximize your returns. By choosing GRM Bulls, you’re investing in expert financial services and guidance.
Create Your Demat Account Now with GRM Bulls
Start your trading journey today! Click the button below to create your demat account with GRM Bulls and get expert assistance for all your investments.
Learn More About Trading with GRM IIT
Want to learn more about trading and investing? Visit our YouTube channel for free lessons and resources to help you get started.
FAQ Section: Frequently Asked Questions
FAQ: Readymix Construction Machinery Limited IPO
The price band for the Readymix Construction Machinery Limited IPO is ₹121 to ₹123 per share.
You can apply for the Readymix Construction Machinery Limited IPO by visiting the official IPO application platforms such as Upstox, Zerodha, or GRM Bulls.
The Readymix Construction Machinery Limited IPO GMP stands at ₹9, indicating a 7% premium over the issue price.
The minimum investment for retail investors is for a lot of 1,000 shares, which costs ₹1,23,000.
The listing of the Readymix Construction Machinery Limited IPO is expected on February 13, 2025 on the NSE SME platform.