New Delhi, Feb. 7 -- Readymix Construction Machinery IPO: The initial public offer (IPO) of Readymix Construction Machinery, which kicked off for subscription, on February 6, managed to sail through on the second day of the book-building process.

The company is looking to raise Rs.37.66 crore via the fresh share sale of 30.62 shares. Readymix Construction Machinery IPO price band is fixed at Rs.121-123 apiece. The minimum lot size for Readymix Construction Machinery IPO is 1000 shares, requiring Rs.1,23,000 investment by retail investors to apply for one lot.

Readymix Construction Machinery plans to use the funds raised via the IPO for repayment and/or pre-payment, in full or part, of borrowing availed by the company, meeting the workin...