Readymix Construction IPO Allotment Status

Summary

Readymix Construction Machinery Limited, established in 2012, stands as a comprehensive manufacturer and supplier in the construction equipment sector. The company has built its reputation by offering end-to-end engineering solutions, including the design, development, fabrication, and installation of specialized equipment like Dry Mix Mortar Plants, concrete plant support systems, and high-capacity silos. With 114 employees as of December 2024, they provide complete turnkey solutions from conceptualization through after-sales services, demonstrating their commitment to comprehensive customer support.
 

Readymix Construction IPO comes with a total issue size of ₹37.66 crore, which is entirely a fresh issue of 30.62 lakh shares. The IPO opened on February 6, 2025, and closed on February 10, 2025. The allotment date for the Readymix Construction IPO is expected to be finalized on Tuesday, February 11, 2025.

Steps to Check Readymix Construction IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "Readymix Construction IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Readymix Construction IPO Allotment Status on BSE/NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Readymix Construction IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Readymix Construction IPO Subscription Status 

Readymix Construction IPO received good investor interest, being subscribed 4.61 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on February 10, 2025:

• Retail Category: 4.26 times
• Qualified Institutional Buyers (QIB): 5.10 times
• Non-Institutional Investors (NII): 4.76 times

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Debt Reduction: Repayment and/or pre-payment of borrowings
• Working Capital: Meeting working capital requirements
• General Corporate Purposes: Supporting various business initiatives

Readymix Construction IPO - Listing Details 

The shares are scheduled to list on February 13, 2025, on NSE SME. The subscription rate of 4.61 times shows moderate investor interest in Readymix Construction's business model and growth prospects. The company has shown steady growth with revenue of ₹35.50 crore and profit after tax of ₹1.04 crore for the period ended December 31, 2024. Their diversified product portfolio, established customer relationships, and comprehensive engineering solutions position them in the construction equipment sector, though investors should note the significant earnings volatility between periods.