Readymix Construction IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Founded in 2012, Readymix Construction Machinery Limited is a dynamic player in the construction equipment industry. The bidding process for the IPO opened on February 6, 2025, and closed on February 10, 2025.

Readymix Construction IPO Allotment Status Online

Check Readymix Construction IPO Allotment Status on NSE 

1. Users can check their IPO allotment verification status on NSE's website here
2. Select 'READYMIXCONS' from the dropdown menu.
3. Enter the PAN no.
4. Enter the application number for the IPO.
5. Click on submit.

Check Readymix Construction IPO Allotment Status on BigShare Services

1. Visit the official website of the registrar Bigshare Services Pvt  here.
2. Click any of the server links. 
3. Select 'Readymix Construction' from the dropdown menu. 
4. Enter any of these details (Application Number, Beneficiary ID or PAN). 
5. Clear Captcha. 
6. Click Search to get allotment details.

Readymix Construction IPO Details

The Readymix Construction IPO is a book-built issue, aiming to raise ₹37.66 crores through a fresh issue of 30.62 lakh shares. The price band has been set between ₹121 and ₹123 per share. Investors looking to participate must apply for a minimum lot size of 1,000 shares, requiring a minimum investment of ₹1,23,000 for retail investors. High Net-Worth Individuals (HNIs) need to apply for at least 2 lots (2,000 shares), with an investment of ₹2,46,000.

Use of Proceeds

The proceeds from the Readymix Construction IPO are planned to be utilized for key financial objectives, including the repayment or partial pre-payment of the company’s existing borrowings, addressing working capital requirements, and supporting general corporate purposes. This strategic allocation is aimed at strengthening the company's financial position and ensuring smooth operational growth.

Readymix Construction IPO Overall Subscription Status 

(February 10, 2025, End of Day)

The Readymix Construction IPO was subscribed 3.12 times.
The retail investor segment saw a subscription of 4.26 times, while Qualified Institutional Buyers (QIBs) subscribed 5.10 times. The Non-Institutional Investors (NII) category was subscribed 5.11 times. 

GMP (Grey Market Premium) Details

According to Livemint, as of February 11, 2025, the Grey Market Premium (GMP) for Readymix Construction SME IPO stands at ₹0. With the upper price band set at ₹123.00, the estimated listing price remains ₹123, indicating no expected gain or loss per share, with a projected percentage change of 0.00%..

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.

Readymix Construction  Business Overview

Founded in 2012, Readymix Construction Machinery Limited is a dynamic player in the construction equipment industry. The company specializes in manufacturing and supplying a wide range of construction machinery and plant equipment, including Dry Mix Mortar Plants, concrete plant support systems, silos, and custom-built solutions. Offering a comprehensive suite of services, Readymix Construction provides turnkey solutions covering the entire project lifecycle, from design and fabrication to testing, installation, and ongoing maintenance. Additionally, the company extends its expertise through business consultancy services, helping clients optimize performance, enhance efficiency, and minimize operational costs by offering tailored design, engineering, technology solutions, and equipment installation support.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.