Readymix Construction Machinery IPO: Latest GMP, Day 1 Subscription Status, Price Band And More

Readymix Construction Machinery Ltd. went live with its initial public offering on Feb. 6, joining the mega IPO party of 2025. The company, which operates in the construction equipment sector, aims to raise Rs 37.66 crore from the primary market. 

As Readymix Construction Machinery IPO opens for subscription to raise over Rs 37 crore, here is what interested investors must know about it.

The Rs 37.66-crore Readymix Construction Machinery IPO is a fresh issue of 30.62 lakh shares. The IPO will be open for subscription between Feb. 6 and Feb. 10.

The company has reserved 50% of its share offerings to qualified institutional investors (QIBs), 35% to retail investors and the remaining 15% to non-institutional investors.

The company will finalise the share allotment of the IPO on Feb. 11. Successful bidders will get the credit of shares on Feb. 12 and non-allottees will get their refunds on the same day.

The shares, offered at a price band between Rs 121 and Rs 123 apiece, will likely debut on the NSE SME platform Emerge on Feb. 13.

Retail investors have to apply for at least 1,000 shares in one lot of the Readymix Construction Machinery IPO. This takes the minimum investment amount to Rs 1,23,000 for a single lot application.

The company has appointed Integrated BigShare Services Pvt. as the registrar for the issue, while Hem Securities Ltd. will act as the book-running lead manager.

The Readymix Construction IPO has been subscribed 0.73 times as of 2:00 p.m. on Feb. 6, as per market tracking site Chittorgarh.

• Qualified Institutional Buyers: 0.84 times

• Non-Institutional Buyers: 0.87 times

• Retails Investors: 0.62 times

*The subscription status will be updated at regular intervals

Readymix Construction Machinery IPO GMP (grey market premium) was Rs 9 apiece as of 12:33 p.m. on Feb. 6, as per InvestorGain. This projects a potential listing gain of 7.32%, with the shares likely getting listed at Rs 132 apiece. 

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Multidisciplinary manufacturer and supplier Readymix Construction Machinery Ltd. caters to the construction equipment sector.

The company offers end-to-end turnkey solutions, including conceptualisation, development, fabrication, testing, installation, and after-sales services of its products.

Readymix Construction Machinery will use the funds from the IPO to meet working capital needs, repay or prepay debts and for general corporate purposes.

Readymix Construction Machinery Ltd. posted a revenue of Rs 35.5 crore and a net profit of Rs 1.04 crore during the period ended Dec. 31, 2024. In FY24, its revenue stood at Rs 69.84 crore in comparison to Rs 55.01 crore in the previous year. The net profit in FY24 was pegged at Rs 9.28 crore up multifolds from Rs 2.78 crore in FY23.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.