Mumbai, Feb. 13 -- The scrip was listed at 123, matching the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 123 and a low of Rs 116.85. About 4.12 lakh shares of the company changed hands at the counter.

Readymix Construction Machinery's IPO was subscribed 4.35 times. The issue opened for bidding on 6 February 2025, and it closed on 10 February 2025. The price band of the IPO was set at Rs 121 to Rs 123 per share.

The IPO comprised a fresh issue of 21,91,000 equity shares. The promoter and promoter group shareholding diluted to 72.06% from 100% pre-issue.

The company intends to utilize the net proceeds to meet working capital requirement, r...