Readymix Construction Machinery came to market through an SME IPO that opened on 6 February 2025 and closed on 10 February 2025, and the shares listed on 13 February 2025 on NSE SME. The price band was ₹121 to ₹123 per share and one lot was 1000 shares, so the minimum application was ₹1,23,000. The issue size was ₹37.66 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Hem Securities Limited was the lead manager.
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Readymix Construction Machinery Limited, a multidisciplinary manufacturer and supplier, was established in 2012 in the construction equipment industry. Engineering solutions in designing, developing, fabricating, and installing plant machinery and equipment are offered by the company. Some of the products offered by the company include Dry Mix Mortar Plants, concrete plant support, silos, and customized projects. The services range from conceptualization, development, fabrication, testing, and installation to after-sales services, including repair and maintenance for plant machinery and equipment.
The company offers consultancy services for businesses, such as design, engineering, technology solutions, support with equipment installation, and recipe consultancy to enhance performance, minimize cost, and efficiency.
As described in the offer document.
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Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb, Shubhangi Rohit Deo. Promoter holding 100% before the issue and 72.06% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Readymix Construction Machinery IPO was a ₹37.66 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹121–₹123 per share with a lot size of 1,000 shares (₹1,23,000). The IPO was open from February 6 to February 10, 2025. Shares listed on NSE SME on February 13, 2025 at ₹123, in line with the issue price of ₹123. Bigshare Services Pvt Ltd is the registrar. Hem Securities Limited is the book running lead manager.
The price band of Readymix Construction Machinery IPO is ₹121 to ₹123 per share.
The lot size of Readymix Construction Machinery IPO is 1000 shares.
The minimum investment for Readymix Construction Machinery IPO is approximately ₹1,23,000 based on the upper price band.
The allotment date of Readymix Construction Machinery IPO is Feb 11, 2025.
You can check Readymix Construction Machinery IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Readymix Construction Machinery IPO allotment status on Rupix for quick and easy access.
₹121 to ₹123 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,23,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,23,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 February 2025 and closed on 10 February 2025.
The basis of allotment was published on 11 February 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 February 2025 on NSE SME.
The issue size was ₹37.66 crore. The fresh issue was 30,62,000 shares (aggregating up to ₹37.66 crore).