The Readymix Construction Machinery IPO is set to open on February 6, 2025, and will close on February 10, 2025. This is a Book Built Issue IPO, with the company aiming to raise approximately ₹37.66 crores. The IPO comprises a fresh issue of ₹37.66 crores, while the offer for sale (OFS) details are yet to be disclosed.
Readymix Construction Machinery IPO Price & Quota
- IPO Price Band: ₹121 to ₹123 per share
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net Worth Individuals (HNI): 15%
The IPO allotment date is scheduled for February 11, 2025, and the listing on NSE is expected on February 13, 2025.
Readymix Construction Machinery Financial Performance
The company has shown strong revenue growth, making it an attractive choice for long-term investors:
- FY 2024 Revenue: ₹69.84 crores (up from ₹55.01 crores in FY 2023)
- FY 2024 Net Profit: ₹9.28 crores (compared to ₹2.78 crores in FY 2023)
Given the consistent financial growth, Readymix Construction Machinery IPO presents a strong investment opportunity for those looking for long-term gains.
Readymix Construction Machinery IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | February 6, 2025 |
| IPO Close Date: | February 10, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹123 Per Share |
| Issue Size: | Approx ₹37.66 Crores |
| Fresh Issue: | Approx ₹37.66 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
About Readymix Construction Machinery Overview
Readymix Construction Machinery is a company specializing in the design, development, fabrication, and installation of various types of plant and machinery for the construction and related industries. They offer a range of equipment, including:
- Dry mix mortar plants
- Support equipment for ready-mix concrete plants
- High-capacity silos
- Artificial sand plants (crushers)
- Wall putty plants
- Other customized projects
In addition to manufacturing, they provide turnkey solutions, handling everything from conceptualization and development to fabrication, assembly, testing, logistics, final erection, and installation. They also offer after-sales support, including repair and maintenance services, and business consultancy services.
Strengths
- Engineering focus: The company utilizes advanced design software like Siemens Solid Edge and ARES Standard AutoCAD, demonstrating a strong emphasis on engineering and design.
- Comprehensive solutions: Readymix offers end-to-end turnkey solutions, covering all aspects from design and manufacturing to installation and after-sales support.
- Customer support: They have a dedicated customer support team that handles on-site training, machine installation, operational software troubleshooting, and spare parts replacement. They also provide annual maintenance services.
- Growing financials: The company has demonstrated consistent growth in revenue and profit after tax (PAT) in recent years.
- Multiple revenue streams: They generate revenue from various regions across India and even some international presence in Nepal.
Risks
- Competition: The construction machinery industry is competitive, with both established players and new entrants.
- Dependence on specific industries: A downturn in the cement, concrete, or construction industries could negatively impact the company’s business.
- Project delays: Delays in customer projects can affect the company’s revenue and cash flow.
- Technological advancements: The company needs to keep up with technological advancements in the industry to remain competitive.
- Raw material costs: Fluctuations in raw material prices can impact the company’s profitability.
Readymix Construction Machinery IPO Market Lot
Readymix Construction Machinery IPO is set to launch soon, offering investors an opportunity to participate in the company’s growth. The minimum market lot for this IPO is 1,000 shares, requiring an application amount of ₹1,23,000.
This means that retail investors must apply for at least 1,000 shares to participate in the Readymix Construction Machinery IPO. With increasing demand in the construction sector, this IPO has generated significant interest among investors.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,23,000 |
| Retail Maximum | 1 | 1000 | ₹1,23,000 |
| HNI Minimum | 2 | 2,000 | ₹2,46,000 |
Readymix Construction Machinery IPO Allotment & Listing Dates
The much-anticipated Readymix Construction Machinery IPO is set to open on February 6, 2025, and will close on February 10, 2025. Investors eagerly awaiting the allotment can expect it to be finalized on February 11, 2025. Following the allotment, the Readymix Construction Machinery IPO listing is scheduled for February 13, 2025, offering a new opportunity for investors in the stock market.
| Type | Date |
|---|---|
| IPO Open Date: | February 6, 2025 |
| IPO Close Date: | February 10, 2025 |
| Basis of Allotment: | February 11, 2025 |
| Refunds: | February 12, 2025 |
| Credit to Demat Account: | February 12, 2025 |
| IPO Listing Date: | February 13, 2025 |
Promoters of Readymix Construction Machinery IPO
The Readymix Construction Machinery IPO is backed by a strong leadership team, ensuring expertise and innovation in the construction equipment sector. The promoters of Readymix Construction Machinery Ltd include Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb, and Shubhangi Rohit Deo. Their extensive industry experience plays a crucial role in driving the company’s growth and expansion strategies.
Readymix Construction Machinery IPO Company Financial Report
Readymix Construction Machinery IPO has showcased remarkable financial growth over the past year, strengthening its position in the industry. The company reported an impressive revenue of ₹69.84 crores in 2024, reflecting a substantial increase from ₹55.01 crores in 2023. This notable 27% revenue growth highlights the company’s expanding market presence and strong business operations.
Moreover, Readymix Construction Machinery witnessed a dramatic surge in profitability, with its profit soaring to ₹9.28 crores in 2024, compared to ₹2.78 crores in 2023. This signifies an astounding 234% growth in profit, reinforcing investor confidence ahead of the Readymix Construction Machinery IPO.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹47.83 | ₹46.00 | ₹1.33 | ₹30.16 |
| 2023 | ₹55.01 | ₹51.29 | ₹2.78 | ₹32.16 |
| 2024 | ₹69.84 | ₹57.52 | ₹9.28 | ₹38.97 |
| December 2024 | ₹35.5 | ₹34.01 | ₹1.04 | ₹52.43 |
Readymix Construction Machinery IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 65.90% |
| ROCE: | 48.96% |
| EBITDA Margin: | 19.57% |
| PAT Margin: | 13.30% |
| Debt to equity ratio: | 0.42 |
| Earning Per Share (EPS): | ₹11.76 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.51% |
| Net Asset Value (NAV): | ₹23.75 |
Readymix Construction Machinery Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| NA | – | – | – | – | – Cr. |
| NA | – | – | – | – | – Cr. |
Readymix Construction Machinery IPO: Key Objectives and Fund Utilization
The Readymix Construction Machinery IPO aims to raise capital for strategic business expansion and financial strengthening. The proceeds from this IPO will be utilized for the following key purposes:
- Repayment and Prepayment of Borrowings: A portion of the funds will be allocated to repay or prepay outstanding loans, either in full or partially, to enhance financial stability and reduce interest costs.
- Meeting Working Capital Requirements: The company plans to utilize the capital raised through the Readymix Construction Machinery IPO to support its day-to-day operational needs and business growth.
- General Corporate Purposes: The remaining funds will be used for business expansion, technology upgrades, brand-building initiatives, and other corporate requirements to strengthen the company’s market position.
Investors keen on the Readymix Construction Machinery IPO should analyze the company’s financial performance and market potential before making an informed investment decision. Stay updated with the latest IPO news, listing details, and GMP trends to maximize your investment opportunities.
Readymix Construction Machinery IPO Review
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Readymix Construction Machinery IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Readymix Construction Machinery IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Readymix Construction Machinery Limited
Office No. 401, 3rd and 4th Floor, Plot No. 209,
Survey No. 96/2B, Paud Road, Right Bhusari Colony,
Kothrud, Pune-411038
Phone: +91-20-25289212
Email: cs@rcmpl.co.in
Website: http://www.rcmpl.co.in/
FAQs for Readymix Construction Machinery IPO
The Readymix Construction Machinery IPO is set to open on February 6, 2025, and will close on February 10, 2025.
The IPO price band is set between ₹121 to ₹123 per share.
The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,23,000.
The IPO issue size is approximately ₹37.66 crores, comprising a fresh issue of the same amount.
The basis of allotment is expected to be finalized on February 11, 2025.
The IPO shares are expected to be listed on NSE SME on February 13, 2025.
The IPO proceeds will be utilized for:
Repayment or Prepayment of Borrowings
Meeting Working Capital Requirements
General Corporate Purposes
The company is promoted by Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb, and Shubhangi Rohit Deo.
FY 2024 Revenue: ₹69.84 crores (up from ₹55.01 crores in FY 2023)
FY 2024 Net Profit: ₹9.28 crores (compared to ₹2.78 crores in FY 2023)
ROE (Return on Equity): 65.90%
EBITDA Margin: 19.57%
You can apply through ASBA (Application Supported by Blocked Amount) via your bank’s net banking or through UPI-enabled IPO applications on stockbroker platforms like Zerodha, Groww, or Upstox.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
