IPO Overview
The ReadyMix Construction IPO is another upcoming IPO that has drawn considerable attention. Opening for subscription from February 10, 2025, and closing on February 12, 2025, the IPO offers shares at a price band of ₹100 to ₹105. ReadyMix Construction plans to raise ₹20 crore through this offering, which will consist of 20 lakh shares. The listing is expected on February 15, 2025, on the NSE.
ReadyMix Construction is a leading provider of ready-mix concrete used in large-scale infrastructure and construction projects. The proceeds from this IPO will be utilized to strengthen its infrastructure and expand its business.
Key Details of ReadyMix Construction IPO
| Particulars | Details |
|---|---|
| Issue Type | Book Built Issue |
| Issue Size | ₹20 Crore |
| Face Value | ₹10 per share |
| IPO Open Date | February 10, 2025 |
| IPO Close Date | February 12, 2025 |
| Allotment Date | February 13, 2025 |
| Listing Date | February 15, 2025 |
The funds raised will be directed toward expanding the company’s operations and enhancing its production capacity.
IPO Reservation
Here’s the ReadyMix Construction IPO reservation details:
| Investor Category | Shares Offered |
|---|---|
| QIB | Up to 50% |
| Retail | Minimum 35% |
| NII (HNI) | Minimum 15% |
IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | February 10, 2025 |
| IPO Close Date | February 12, 2025 |
| Basis of Allotment | February 13, 2025 |
| Initiation of Refunds | February 14, 2025 |
| Credit of Shares to Demat | February 14, 2025 |
| Listing Date | February 15, 2025 |
GMP Trend and Expectations
As of February 3, 2025, the GMP for the ReadyMix Construction IPO stands at ₹5, indicating a listing price of ₹110, which represents a 5% gain from the upper price band of ₹105.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 11-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 11-Feb-2025 12:11 |
| 10-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 10-Feb-2025 23:32 |
| 09-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 9-Feb-2025 23:29 |
| 08-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 8-Feb-2025 23:34 |
| 07-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 7-Feb-2025 23:28 |
| 06-02-2025 | ₹123.00 | ₹9 | 6800 | ₹132 (7.32%) | 6-Feb-2025 23:32 |
| 05-02-2025 | ₹123.00 | ₹9 | 6800 | ₹132 (7.32%) | 5-Feb-2025 23:33 |
| 04-02-2025 | ₹123.00 | ₹12 | 9100 | ₹135 (9.76%) | 4-Feb-2025 23:30 |
| 03-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 3-Feb-2025 23:33 |
| 02-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 2-Feb-2025 23:32 |
| 01-02-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 1-Feb-2025 23:28 |
| 31-01-2025 | ₹123.00 | ₹0 | — | ₹123 (0.00%) | 31-Jan-2025 23:29 |
What is GMP in IPO?
The GMP (Grey Market Premium) is the price at which IPO shares are traded before they are listed on the exchange. A positive GMP typically signals investor confidence and suggests the IPO could list at a premium.
You can stay updated with live IPO GMP trends on various platforms to track IPO movements.
Frequently Asked Questions (FAQs)
- What is ReadyMix Construction IPO? The ReadyMix Construction IPO is a book-built issue offering 20 lakh shares at a price band of ₹100 to ₹105, targeting to raise ₹20 crore.
- What is GMP of this IPO? As of February 3, 2025, the IPO GMP stands at ₹5, which suggests an expected listing price of ₹110.
- How can I check IPO allotment status? You can check the IPO allotment status on the registrar’s website or through platforms like IPO Watch GMP.
- What is the expected listing price for ReadyMix Construction IPO? The expected listing price, based on the current GMP, is ₹110.
WatchipoGMP
Watchipogmp.in is a website that focuses on providing information about Initial Public Offerings (IPOs), particularly the Grey Market Premium (GMP). The GMP is an unofficial indicator of the expected listing price of an IPO in the stock market. Watchipogmp.in likely offers details such as current GMP, IPO dates, price bands, and other relevant information to help investors track and analyze upcoming IPOs. This can be valuable for those looking to make informed investment decisions in the IPO market.
watchipogmp.in provides information and analysis on IPOs and the Grey Market Premium for informational purposes only. Investing in the stock market involves risk, and all investment decisions should be made at your own discretion. We do not offer financial advice, and users are solely responsible for their investment choices.