Readymix Construction Machinery IPO allotment expected on February 11: Steps to check status on NSE, Bigshare Services

Readymix Construction Machinery IPO allotment status is expected to be finalised on Tuesday, February 11, after the successful subscription.

The ₹37.66 crore SME IPO closed with a subscription over 4 times on the last day of bidding on Monday, February 10. The NSE SME issue opened for subscription on February 6.

On the final day, the issue received applications for over 95.41 lakh shares against 20.37 lakh shares on offer, leading to an overall subscription of 4.68 times. The retail portion of the IPO was booked 4.25 times with applications for 43.36 lakh shares compared to 10.18 shares on offer. The Non-Institutional Investors (NIIs) applied for 22.35 lakh shares against 4.37 lakh shares on offer, leading to a subscription of 5.11 times. The Qualified Institutional Buyers submitted applications for 29.7 lakh shares compared to 5.82 lakh shares reserved for them. The QIBs overbid their segment by 5.1 times.

Following the subscription, the investors are waiting for the IPO share allotment status to be finalised by the company. The investors can check the IPO allotment status on the websites of the NSE and issue registrar, Bigshare Services Pvt. Ltd.

How to check IPO allotment status on the Bigshare Services website

• Visit the IPO allotment status page on the official website of Bigshare Services
• Click on any of the server links
• Select Readymix Construction Machinery from the list of company names
• Choose any of these—Application number, beneficiary ID and PAN
• Complete the 'captcha' to verify
• Click the "Search" button to check the allotment status

Steps to check IPO allotment status on the NSE

• Open NSE allotment page
• Select Readymix Construction Machinery Ltd as the issue name
• Verify PAN
• Enter the IPO application Number
• Click on Submit

Readymix Construction Machinery IPO key details

• Readymix Construction IPO was a fresh issue of 30.62 lakh shares.
• The price band was set at ₹121 to ₹123 per share for the IPO.
• The lot size was 1,000 shares, requiring a minimum investment of ₹1,23,000.
• The company is expected to initiate crediting shares to the Demat accounts on February 12. Refunds will also be processed for the non-allottees on the same day.
• The company has proposed to list its shares on the NSE SME platform on February 13.

Readymix Construction Machinery IPO objects

Readymix Construction Machinery offers engineering solutions for the design, development, fabrication and installation of various plants and machinery. It also offers related equipment like support equipment for readymix concrete plants, dry mix mortar plants, artificial sand plants (crusher), high-capacity silos, wall putty plants and other customised projects.

The company caters to the industrial requirements of various users such as cement, concrete, crushing, construction and building materials, among others.

It plans to use ₹24.05 crore of the IPO proceeds to meet working capital requirements. A sum of ₹5.25 crore has been proposed for repayment or pre-payment, in full or part, of debt availed by the company.

Readymix Construction Machinery Financials

Readymix Construction posted a profit after tax of ₹1.04 crore for the April-December period of FY 2024-25. Revenue from operations was ₹35.48 crore in the first nine months of FY25.

The company reported a profit after tax of ₹12.32 crore for FY 2023-24 against ₹3.71 crore in FY 2022-23.

The company reported revenue from operations of ₹69.79 crore in FY24 against ₹54.99 crore in FY23.

Readymix Construction Machinery key performance indicators