Readymix Construction IPO Details
The Readymix Construction IPO is a book build issue with a total issue size of ₹37.66 cr, comprising of fresh issue of 3062000 equity shares. Readymix Construction IPO opened for subscription on Feb 06, 2025 and closed on Feb 10, 2025. Readymix Construction IPO is set price band at ₹121 to ₹123 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹246,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 11, 2025, and listed on the NSE on Feb 13, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Readymix Construction IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 121 – 123
- Lot Size
- 1000
- Issue Size
- ₹37.66 Cr
- Minimum Investment
- ₹246000 (2000 Shares)
- Listing Date
- 13 February 2025
Current GMP
₹9 (+7.32%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Readymix Construction Machinery Limited
Readymix Construction Machinery Limited is an engineering-driven company that specializes in providing design, development, fabrication, and installation of various plant and machinery, including Dry Mix Mortar Plants, Concrete Plant support equipment, High-capacity Silos, Artificial Sand Plants, Wall Putty Plants, and other customized projects. The company offers complete end-to-end turnkey solutions, including conceptualization, development, fabrication, assembly, testing, logistics, and installation at customer sites, along with after-sales services such as repair, maintenance, and operational software updates.
In addition to its core services, the company provides Annual Maintenance Services, Business Consultancy, and Recipe Consultancy to optimize plant performance and improve operational efficiency. It operates from its office in Pune, Maharashtra, and a fabrication unit in Chakan, Pune. The company was incorporated in 2012, taking over the business previously run as a partnership under the name M/s Readymix Construction Machinery since 2009.
The company’s design and development capabilities are supported by a team of 13 employees, with research and development managed by 14 employees. Readymix Construction Machinery has customers across India and has also exported products to Nepal, with over 200 customers served in the past three years.
The management team is led by promoters Anand Suresh Watve, Atul Jagannath Kulkarni, and Prashant Balasaheb Kanikdale, each with decades of experience in the industry. Their leadership and sector-specific expertise have played a crucial role in the company’s growth and expansion, as they continue to introduce new products and capitalize on market opportunities.
Readymix Construction IPO Promoters
- Anand Suresh Watve
- Atul Jagannath Kulkarni
- Prashant Balasaheb Kanikdale
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.06%
Readymix Construction IPO Objective
The Company intend to utilize the proceeds of the Issue to meet the following objects:
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General Corporate Purpose
Address / Contact Info
Readymix Construction Machinery Limited
Office No. 401, 3rd and 4th Floor,
Plot No. 209, Survey No. 96/2B,
Paud Road, Right Bhusari Colony,
Kothrud, Pune-411038, Maharashtra
Phone: +91-20-25289212
Email: cs@rcmpl.co.in
Website: http://www.rcmpl.co.in/
IPO Snapshot
Book Running Lead Managers
- Hem Securities Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Readymix Construction IPO is a Book-building IPO with a total issue size of ₹37.66 crore. The Readymix Construction IPO price band is ₹121 to 123 per share. The Readymix Construction IPO subscription opens on Thu, Feb 6, 2025, and closes on Mon, Feb 10, 2025. The Readymix Construction IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Readymix Construction IPO.
The Readymix Construction IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025
Readymix Construction IPO Price Band is ₹121 to 123 per share.
Readymix Construction IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹246000 based on the upper price band
The minimum investment for Readymix Construction IPO is ₹246000, based on one lot of 1000 shares at the upper price band of ₹123 per share.
Investors can apply for the Readymix Construction IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Feb 10, 2025. The application amount remains blocked until the Readymix Construction IPO allotment is finalized.
Readymix Construction IPO issue size is ₹37.66 crores.
Readymix Construction IPO allotment date is Wed, Jul 1, 2026.
The registrar for Readymix Construction IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Readymix Construction IPO allotment status, refund processing, and other IPO-related information.
The Readymix Construction IPO GMP (Grey Market Premium) is ₹5 as of Fri, Feb 7, 2025. Based on the upper price band of ₹123 per share, the estimated Readymix Construction IPO listing price is ₹128, indicating a potential listing gain of approximately 0% over the issue price.