Super Iron Foundry IPO - Day 3 Subscription at 0.57 Times
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Readymix Construction IPO Day 3 Subscription at 2.34 Times
Readymix Construction's initial public offering (IPO) has garnered solid investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates progressing from 0.99 times on day one, to 1.65 times on day two, and reaching 2.34 times by 12:25 PM on the final day.
Readymix Construction IPO, which opened on February 6, 2025, has seen strong participation across categories. The Retail Investors segment has shown robust interest, reaching 2.77 times subscription, while QIB portion achieved 1.96 times subscription. The NII segment registered 1.86 times subscription.
Subscription Status of Readymix Construction IPO:
| Date | QIB | NII | Retail | Total |
| Day 1 (Feb 6) | 0.84 | 1.31 | 0.94 | 0.99 |
| Day 2 (Feb 7) | 1.96 | 1.28 | 1.63 | 1.65 |
| Day 3 (Feb 10) | 1.96 | 1.86 | 2.77 | 2.34 |
Here are the subscription details for Readymix Construction IPO as of Day 3 (February 10, 2025, 12:25 PM):
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
| Anchor Investors | 1.00 | 8,71,000 | 8,71,000 | 10.71 |
| Market Maker | 1.00 | 1,54,000 | 1,54,000 | 1.89 |
| Qualified Institutions | 1.96 | 5,82,000 | 11,39,000 | 14.01 |
| Non-Institutional Buyers | 1.86 | 4,37,000 | 8,11,000 | 9.98 |
| Retail Investors | 2.77 | 10,18,000 | 28,18,000 | 34.66 |
| Total | 2.34 | 20,37,000 | 47,68,000 | 58.65 |
Note:
"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.
Readymix Construction IPO - Day 3 Subscription
Key Highlights:
- Overall subscription reached 2.34 times on the final day
- Retail investors showing strong interest at 2.77 times subscription
- QIB portion maintained at 1.96 times subscription
- NII segment improved to 1.86 times
- Total bids worth ₹58.65 crores received
- Applications reached 2,947 showing good retail interest
- Market response indicating steady demand
- All categories showing healthy oversubscription
Readymix Construction IPO - Day 2 Subscription at 1.65 Times
Key Highlights:
- Overall subscription grew to 1.65 times
- Retail investors showed growth to 1.63 times
- QIB portion improved to 1.96 times
- NII segment at 1.28 times
- Day two witnessed steady momentum
- Market response showing consistent growth
- All segments demonstrating balanced participation
- Strong institutional interest emerging
Readymix Construction IPO - Day 1 Subscription at 0.99 Times
Key Highlights:
- Overall subscription opened at 0.99 times
- Retail investors began at 0.94 times
- QIB portion started at 0.84 times
- NII segment showed strong start at 1.31 times
- Opening day showed balanced response
- Initial momentum indicating good interest
- Strong NII participation from start
- Steady retail participation emerging
About Readymix Construction Machinery Limited
Readymix Construction Machinery Limited, established in 2012, has emerged as a comprehensive manufacturer and supplier in the construction equipment sector. The company specializes in providing end-to-end engineering solutions, from design and development to fabrication and installation of sophisticated plant machinery and equipment. Their expertise spans across Dry Mix Mortar Plants, concrete plant support systems, high-capacity silos, and customized industrial projects.
Their financial performance shows steady growth with revenue increasing from ₹55.01 crores in FY2023 to ₹69.84 crores in FY2024, while profit after tax rose significantly from ₹2.78 crores to ₹9.28 crores. For the nine months ended December 31, 2024, the company reported revenue of ₹35.50 crores with a PAT of ₹1.04 crores, maintaining operational stability.
Their competitive strengths include:
- Diverse product portfolio across construction equipment
- Wide industry coverage and applications
- Strong after-sales service network
- Established customer relationships
- Experienced management and design team
- Comprehensive turnkey solutions capability
- End-to-end project consultancy services
Highlights of the Readymix Construction IPO:
- IPO type: Book Built Issue SME IPO
- IPO size: ₹37.66 crores
- Fresh Issue: 30.62 lakh shares
- Face value: ₹10 per share
- Price band: ₹121 to ₹123 per share
- Lot size: 1,000 shares
- Minimum investment for retail investors: ₹1,23,000
- Minimum investment for HNI: ₹2,46,000 (2 lots)
- Market maker reservation: 1,54,000 shares
- Listing at: NSE SME
- IPO opens: February 6, 2025
- IPO closes: February 10, 2025
- Allotment date: February 11, 2025
- Refund initiation: February 12, 2025
- Credit of shares: February 12, 2025
- Listing date: February 13, 2025
- Lead Manager: Hem Securities Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Hem Finlease Private Limited
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