Readymix Construction Machinery: Readymix Construction Machinery shares get listed flat at ₹123!Readymix Construction Machinery: Readymix Construction Machinery shares get listed flat at ₹123!

Readymix Construction Machinery shares had a flat debut on February 13, listing at ₹123 on NSE SME, identical to its IPO price. The ₹37.66 crore IPO was open for subscription from February 6 to February 10, with the SME IPO price set at ₹123 per share.

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Readymix Construction Machinery IPO saw decent demand, closing with 4.61 times subscription. It received 93.87 lakh bids against 20.37 lakh shares. The retail segment was subscribed 4.26 times, NIIs 4.76 times, and QIBs 5.1 times over three days of bidding.

Readymix Construction Machinery, established in Pune in 2008, is a leading manufacturer of construction equipment. With a skilled engineering team, it delivers high-quality, reliable solutions. The company’s revenue grew to ₹69.84 crore in 2024, with profits rising to ₹9.28 crore, ensuring strong financial performance.

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The objective of Readymix Construction Machinery’s IPO is to raise funds for working capital, business expansion, and general corporate purposes. The proceeds will support infrastructure development, enhance manufacturing capacity, and strengthen the company’s market position in the construction equipment industry.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.