Readymix Construction Machinery IPO subscribed 4.61 times overall on the last day, a retail quota was subscribed over 4.26 times, NNII was subscribed over 4.76 times, QIB was subscribed over 5.1
Readymix Construction Machinery IPO details
Readymix Construction Machinery got approval from SEBI for an IPO of ₹37.66 crores, a fresh issue with ₹37.66 crores with a face value of Rs 10 each. Further, it had a set price band between ₹121 to ₹123 per share.
In this IPO 1,000 shares were in 1 lot size for retail minimum and maximum category.
Moreover, 2,000 shares were in 2 lot sizes for the S-HNI category.
To invest in Readymix Construction Machiner IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,23,000
- SHNI (S-HNI): Minimum investment of ₹2,46,000
Readymix Construction Machinery IPO’s Subscription Duration
Readymix Construction Machinery IPO’s subscription started on February 6, 2025, and closed on February 10, 2025.
The Readymix Construction Machinery IPO’s allotment date was February 11, 2025, and they received a refund on February 12, 2025. Readymix Construction Machinery IPO listing is on February 13, 2025.
Readymix Construction Machinery Funds Deployment
Repayment or pre-payment, either partially or fully, of the company’s outstanding borrowings.
- To fulfill working capital needs.
- For general corporate purposes.
About Readymix Construction Machinery Company
Readymix Construction Machinery is one of the top companies in manufacturers and suppliers in the construction equipment industry. Readymix Construction Machinery was Founded in Pune in 2008, the company provides machinery for various construction needs and focuses on providing high-quality equipment to ensure the efficiency of construction projects.
Financially, RMX has seen strong growth, with revenue rising to ₹69.84 crores in 2024, up from ₹55.01 crores in 2023. The company’s profit also grew significantly, reaching ₹9.28 crores in 2024, compared to ₹2.78 crores in 2023.
Readymix Construction Machinery IPO Company Financial Report
The company’s revenue of ₹69.84 crores in 2024 against ₹55.01 crores in 2023 and also a profit of ₹9.28 crores in 2024 against profit of 2.78 crores in 2023.
