Readymix Construction Machinery Limited IPO (Readymix Construction IPO) Detail
Readymix Construction IPO is a book built issue of Rs 37.66 crores. The issue is entirely a fresh issue of 30.62 lakh shares.
Readymix Construction IPO bidding started from February 6, 2025 and ended on February 10, 2025. The allotment for Readymix Construction IPO was finalized on Tuesday, February 11, 2025. The shares got listed on NSE SME on February 13, 2025.
Readymix Construction IPO price band is set at ₹123 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,21,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,23,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,46,000.
Hem Securities Limited is the book-running lead manager of the Readymix Construction IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Readymix Construction IPO is Hem Finlease Private Limited.
Refer to Readymix Construction IPO RHP for detailed information.
Readymix Construction IPO Details
| IPO Date | February 6, 2025 to February 10, 2025 |
| Listing Date | February 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹123 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 30,62,000 shares (aggregating up to ₹37.66 Cr) |
| Fresh Issue | 30,62,000 shares (aggregating up to ₹37.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,96,500 shares |
| Share Holding Post Issue | 1,09,58,500 shares |
| Market Maker Portion | 1,54,000 shares Hem Finlease Private Limited |
Readymix Construction IPO Reservation
Readymix Construction IPO offers 30,62,000 shares. 5,82,000 (19.01%) to QIB, 4,37,000 (14.27%) to NII, 10,18,000 (33.25%) to RII and 8,71,000 (28.45%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 8,71,000 (28.45%) |
| Market Maker Shares Offered | 1,54,000 (5.03%) |
| QIB Shares Offered | 5,82,000 (19.01%) |
| NII (HNI) Shares Offered | 4,37,000 (14.27%) |
| Retail Shares Offered | 10,18,000 (33.25%) |
| Total Shares Offered | 30,62,000 (100%) |
Readymix Construction IPO Anchor Investors Details
Readymix Construction IPO raises Rs 10.71 crore from anchor investors. Readymix Construction IPO Anchor bid date is February 5, 2025. Readymix Construction IPO Anchor Investors list
| Bid Date | February 5, 2025 |
| Shares Offered | 8,71,000 |
| Anchor Portion Size (In Cr.) | 10.71 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2025 |
Readymix Construction IPO Timeline (Tentative Schedule)
Readymix Construction IPO opens on February 6, 2025, and closes on February 10, 2025.
| IPO Open Date | Thu, Feb 6, 2025 |
| IPO Close Date | Mon, Feb 10, 2025 |
| Tentative Allotment | Tue, Feb 11, 2025 |
| Initiation of Refunds | Wed, Feb 12, 2025 |
| Credit of Shares to Demat | Wed, Feb 12, 2025 |
| Tentative Listing Date | Thu, Feb 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2025 |
Readymix Construction IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,23,000 |
| Retail (Max) | 1 | 1000 | ₹1,23,000 |
| HNI (Min) | 2 | 2,000 | ₹2,46,000 |
| Lot Size Calculator | |||
Readymix Construction IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.06% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Readymix Construction Machinery Limited
Incorporated in 2012, Readymix Construction Machinery Limited is a multidisciplinary manufacturer and supplier in the construction equipment sector.
The company offers engineering solutions for designing, developing, fabricating, and installing plant machinery and equipment, including Dry Mix Mortar Plants, concrete plant support, silos, and customized projects.
The company provides end-to-end turnkey solutions, including conceptualization, development, fabrication, testing, installation, and after-sales services such as repair and maintenance for plant machinery and equipment.
The company offers business consultancy services, including design, engineering, technology solutions, equipment installation support, and recipe consultancy to optimize performance, reduce costs, and enhance efficiency.
Product Portfolio: The product portfolio comprises of various plant & machineries.
- Dry Mix Mortar Plant: Designed to produce pre-mixed mortar for construction applications like masonry, plastering, and tile fixing, enhancing strength and durability.
- Support Equipments for Readymix Concrete Plant: They provides concrete plants equipped with components like aggregate bins, storage silos, batching units, mixers, and conveyors for large-scale construction projects.
- High-capacity Silos: They provides high-capacity silos for storing bulk materials like gypsum, cement, and lime, ensuring a continuous supply and preventing project delays.
- Artificial Sand Plant: They provides artificial sand plants that process sand, removing impurities to produce high-quality sand for construction and other industries.
- Wall Putty Plant: They provides wall putty, a pre-mixed blend of cement, fillers, polymers, and additives, used for smooth finishes and crack filling.
- Service & Consultancy: Offers business consultancy services, including design, engineering, technology solutions, installation support, and recipe optimization for improved efficiency and performance.
As of December 31, 2024, the Company has 114 employees.
Competitive Strengths:
- Offer a diversified range of Products
- Catering to wide range of industries
- Dedicated after-sales network
- Established relationships with customers across various geographical locations
- Experienced Promotors & Management team backed by design and development team
Company Financials
Readymix Construction Machinery Limited Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 52.43 | 38.97 | 32.16 | 30.16 |
| Revenue | 35.5 | 69.84 | 55.01 | 47.83 |
| Profit After Tax | 1.04 | 9.28 | 2.78 | 1.33 |
| Net Worth | 19.8 | 18.75 | 9.43 | 6.63 |
| Reserves and Surplus | 11.9 | 18.29 | 8.96 | 6.17 |
| Total Borrowing | 16.68 | 7.9 | 7.6 | 4.68 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Readymix Construction IPO is Rs 134.79 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 65.90% |
| ROCE | 48.96% |
| Debt/Equity | 0.42 |
| RoNW | 49.51% |
| PAT Margin | 13.30 |
| Price to Book Value | 5.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.76 | 1.27 |
| P/E (x) | 10.46 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2024 that is available in RHP.
Objects of the Issue (Readymix Construction IPO Objectives)
The Company intend to utilize the proceeds of the Issue to meet the following objects:
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General Corporate Purpose
Readymix Construction IPO Review (Avoid)
[Dilip Davda] RCML is engaged in providing engineering solutions for various industries along with related services. It is also offering AMC to its customers post supply of plants/machinery etc. The company marked steady growth in its top lines for the reported periods. The sudden boost in its earnings for FY24 raises eyebrows and concern over its sustainability. Based on FY25 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this risky bet. Read detail review…
Readymix Construction IPO Subscription Status (Bidding Detail)
The Readymix Construction IPO is subscribed 4.61 times on February 10, 2025 6:19:59 PM (Day 3). The public issue subscribed 4.26 times in the retail category, 5.1 times in the QIB category, and 4.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 5.1 | 5,82,000 | 29,70,000 | 8 |
| NII* | 4.76 | 4,37,000 | 20,81,000 | 282 |
| Retail | 4.26 | 10,18,000 | 43,36,000 | 4,336 |
| Total | 4.61 | 20,37,000 | 93,87,000 | 4,626 |
Total Application : 4,626
*Market Maker portion is not included to NII/HNI.
Readymix Construction IPO Prospectus
Readymix Construction IPO Listing Details
| Listing Date | February 13, 2025 |
| BSE Script Code | |
| NSE Symbol | READYMIX |
| ISIN | INE10QL01011 |
| Final Issue Price | ₹123 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹123.00 |
| Open | ₹123.00 |
| Low | ₹116.85 |
| High | ₹123.00 |
| Last Trade | ₹116.85 |
Check IPO Performance…
Readymix Construction Machinery Limited Contact Details
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/
Readymix Construction IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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