IPO Details
Bidding Dates
06 Feb '25 - 10 Feb '25
Minimum Investment
₹1,23,000 / 1 Lot (1,000 Shares)
Price Range
₹121-₹123
Maximum Investment
₹1,23,000 / 1 Lot (1,000 Shares)
Retail Discount
To be announced
Issue Size
₹37.66 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Readymix Construction IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 06, 25
IPO Closing Date
Feb 10, 25
Basis of Allotment
Feb 11, 25
Initiation of Refunds
Feb 12, 25
IPO Listing Date
Feb 13, 25
About Readymix Construction Machinery IPO
Readymix Construction Machinery IPO is a book-built issue worth ₹37.66 crore, consisting entirely of a fresh issue of 30.62 lakh shares. The IPO opens for subscription on February 6, 2025, and closes on February 10, 2025. The allotment is expected to be finalised on February 11, 2025, with the listing scheduled on NSE SME on February 13, 2025.
Established in 2012, Readymix Construction Machinery Limited is a leading manufacturer and supplier of construction equipment. The company specialises in designing, developing, fabricating, and installing plant machinery, including Dry Mix Mortar Plants, concrete plant support, silos, and customised projects. With expertise in engineering solutions, the company caters to the growing demand in the construction sector.
The IPO price band is set between ₹121 and ₹123 per share. Retail investors need a minimum investment of ₹1,23,000 for one lot of 1,000 shares, while HNIs must invest at least ₹2,46,000 for two lots.
Hem Securities Limited is the book-running lead manager, Bigshare Services Pvt Ltd is the registrar, and Hem Finlease Private Limited is the market maker for the IPO.
Industry Outlook
- The Indian manufacturing industry contributed 16-17% of GDP pre-pandemic and is projected to expand further, with a goal of reaching 25% of GDP by 2025. India is also targeting $1 trillion in exports by 2030, driven by automation and process efficiency improvements.
- Sales in India’s construction equipment sector grew by 5% in Q1 FY25, reaching 28,902 units. Earthmoving equipment saw a 5% rise, road construction equipment increased by 9%, and concrete equipment grew by 11%, highlighting a strong demand for advanced machinery.
Readymix Construction Machinery IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- A portion of the funds will be used to repay or prepay existing borrowings, improving the company’s financial stability.
- Funds will be used to meet working capital needs, ensuring smooth business operations and timely project execution.
- The remaining funds will be used for general corporate purposes.
About Readymix Construction Machinery Limited
Readymix Construction Machinery Limited is an engineering-led company specialising in designing, developing, fabricating, and installing various plants, machinery, and related equipment. The company caters to industries such as cement, concrete, crushing, construction, and building materials by offering solutions like Dry Mix Mortar Plants, Support Equipment for Readymix Concrete Plants, High-Capacity Silos, Artificial Sand Plants (Crusher), Wall Putty Plants, and other customised projects.
Providing end-to-end turnkey solutions, the company manages every stage from conceptualisation and fabrication to testing, logistics, final erection, and installation at customer sites. Additional services include after-sales support, annual maintenance contracts, software upgrades, scheduled inspections, and operational consulting. Business consultancy services help clients with innovative design, technology integration, and process optimisation to enhance efficiency and reduce costs.
Over 2 years, the company developed more than 35 in-house products, significantly improving cost efficiency and increasing gross margins. Headquartered in Pune, Maharashtra, Readymix Construction Machinery Limited operates a fabrication unit at Chakan Industrial Area (MIDC) spanning 10,764 sq. ft.
Since its incorporation in 2012, the company has expanded its portfolio beyond support equipment to advanced plant and machinery installations. Over 200 clients have been served in the last 3 financial years, reflecting strong industry demand and a growing market presence.
How To Check the Allotment Status of Readymix Construction Machinery IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Readymix Construction Machinery IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Readymix Construction Machinery IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Readymix Construction Machinery IPO
Registered office: Office No. 401, 3rd and 4th Floor, Plot No. 209, Survey No. 96/2B, Paud Road, Right Bhusari Colony, Kothrud, Pune-411038, Maharashtra, India.
Phone: +91-20-25289212
E-mail: cs@rcmpl.co.in
Readymix Construction Machinery IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 50% of the net issue |
|
Retail Shares |
Not less than 35% of the net issue |
|
NII (HNI) Shares |
Not Less than 15% of the net issue |
Readymix Construction Machinery IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,000 |
₹1,23,000 |
|
Retail (Max) |
1 |
1,000 |
₹1,23,000 |
|
HNI (Min) |
2 |
2,000 |
₹2,46,000 |
Readymix Construction Machinery IPO Promoter Holding
The promoters of the company are Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb and Shubhangi Rohit Deo.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
72.06% |
Key Performance Indicators for Readymix Construction Machinery IPO
As of March 31, 2024, the market capitalisation of Readymix Construction Machinery's IPO is ₹134.79 crore. Here are the KPIs of Readymix Construction Machinery:
|
KPI |
Value |
|
RoE (%) |
65.90 |
|
RoCE (%) |
48.96 |
|
Debt/Equity |
0.42 |
|
PAT Margin |
13.30 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
11.76 |
1.27 |
|
P/E (x) |
10.46 |
- |
Note: Pre-IPO EPS is based on pre-issue shareholding as per RHP and FY earnings as of March 31, 2024. Post-Issue EPS is based on post-issue shareholding and annualised FY earnings as of December 31, 2024, as per RHP.
Readymix Construction Machinery IPO Prospectus
Readymix Construction Machinery IPO Registrar and Lead Managers
Readymix Construction Machinery IPO Lead Managers
- Hem Securities Limited
Registrar for Readymix Construction Machinery IPO
Bigshare Services Pvt Ltd
- Contact Number:+91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Readymix Construction MachineryIPO Registrar
Financial Performance of Readymix Construction Machinery Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 6,979.36 | 5,499.51 | 4,782.47 |
| Profit After Tax (PAT) (in ₹ lakh) | 928.48 | 277.95 | 132.77 |
| EPS (Earnings per Share in ₹) | 11.77 | 3.57 | 1.70 |
| Total Borrowings (in ₹ lakh) | 789.75 | 759.96 | 468.13 |
| Return on equity (%) | 65.90 | 34.62 | 21.89 |
| Return on capital employed (%) | 48.96 | 25.71 | 19.59 |
| EBITDA (in ₹ lakh) | 1,365.95 | 458.14 | 236.48 |
Know before investing
Strengths
5-
Readymix Construction Machinery Limited offers a diverse product portfolio across industries.
-
The company serves customers across 20 states in India and Nepal.
-
Revenue from after-sales services grew to ₹142.88 lakh in FY24.
-
A dedicated after-sales team of 25 ensures customer satisfaction.
-
Domestic sales contributed 96.83% of revenue as of December 2024.
Risks
5-
Dependence on key suppliers may disrupt raw material procurement and pricing.
-
Major purchases from top 10 suppliers raise supply chain risks.
-
Loss of key customers could impact revenue and financial stability.
-
Reliance on in-house design teams may affect product accuracy and margins.
-
Failure to meet quality standards may lead to order cancellations.
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Readymix Construction Machinery IPO FAQs
Readymix Construction Machinery IPO is a book-built issue IPO. It will be open from February 6, 2025, to February 10, 2025.
The Basis of Allotment will happen on Tuesday, February 11, 2025.
The IPO subscription window will open on February 6, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
The listing date for Readymix Construction Machinery Limited is Thursday, February 13, 2025.
The issue size of the Readymix Construction Machinery IPO is up to ₹37.66 crore, with a fresh issue of ₹37.66 crore.
The open and close dates for Readymix Construction Machinery IPO are from February 6, 2025, to February 10, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Readymix Construction Machinery Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Readymix Construction Machinery IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Bigshare Services Pvt Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.
Readymix Construction Machinery IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).
