by About Readymix Construction Machinery Ltd.
Established in Pune in 2008, Readymix Construction Machinery (RMX) specializes in engineering solutions for the construction industry. They offer design, development, fabrication, and installation of plant machinery and equipment, including dry mix mortar plants, concrete support equipment, high-capacity silos, and artificial sand plants. They also provide end-to-end turnkey solutions, including after-sales service.
Management
The Director of Readymix Construction Machinery Ltd. is Prashant Kanikdale.
IPO Details
- IPO Open Date: February 6, 2025
- IPO Close Date: February 10, 2025
- Issue Size: 30.62 lakh shares aggregating to ₹37.66 crore
- Price Band: ₹121 to ₹123 per share
- Face Value: ₹10 per equity share
- Lot Size: 1,000 shares
- Minimum Investment: ₹1,23,000
- Listing: NSE SME Emerge
- Issue Type: Book Built Issue
- Allocation: 50% for Qualified Institutional Investors (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NII)
- Registrar: Integrated BigShare Services Pvt.
- Book-running Lead Manager: Hem Securities Ltd
IPO Schedule
- Final Allotment: February 11, 2025
- Refunds Initiation: February 12, 2025
- Shares Credit: February 12, 2025
- Listing Date: February 13, 2025
Financial Performance
For the period ended December 2024, Readymix Construction Machinery reported revenues of ₹35.5 crore and a profit of ₹1.04 crore.
Objectives of the IPO
The company plans to use the IPO proceeds to repay borrowings, meet working capital needs, and for general corporate purposes.
How to Apply
- Log in: Access your trading account through your broker’s platform.
- Navigate: Go to the IPO section.
- Select IPO: Find “Readymix Construction Machinery IPO” and click ‘Apply’.
- Enter Details: Specify the number of lots and the bid price (₹121 to ₹123 per share).
- UPI ID: Provide your UPI ID for payment authorization.
- Review and Submit: Verify all details and submit the application. Approve the UPI mandate before 5 PM on February 10, 2025.
FAQs
- What is the Grey Market Premium (GMP)? As of February 6, 2025, the Grey Market Premium (GMP) for Readymix Construction Machinery IPO was ₹9 apiece.
- What is pre-apply? Pre-apply allows investors to place IPO orders before the official subscription window opens.
- How can I track my application status? The status can be tracked through the broker’s IPO application portal.
GMP
As of February 6, 2025, at 8:34 a.m., the Grey Market Premium (GMP) for Readymix Construction Machinery IPO was ₹9 apiece, according to InvestorGain. This suggests a potential listing gain of 7.32%, with shares likely to be listed at ₹132 apiece. Another source mentions the GMP is around ₹9, signaling a marginal premium of 7% over the issue price. However, GMP is speculative and not an official price quote. On February 5, 2025, the GMP stood at ₹10, indicating an 8.13% increase. As of February 3, 2025, the Grey Market Premium (GMP) for Readymix Construction Machinery Limited was ₹0.
Disclaimer: Investing in the stock market involves risks, including the risk of losing your entire investment. IPO investments are particularly speculative and subject to market volatility. This article is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions. The Grey Market Premium (GMP) is an unofficial indicator and should not be the sole basis for investment decisions.
“The only limit to our realization of tomorrow is our doubts of today.” – Franklin D. Roosevelt
📢 Need Expert Help with Finance & Taxation?
Get professional assistance on Taxation, Business Registration & Compliance. 🔗 Contact Us for expert guidance! 🚀
