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Readymix Construction Machinery Ltd IPO

We are an engineering-led company, offering engineering solutions for design, development, fabrication and installation of various plant & machineries along with related equipments like Dry Mix Mortar Plant, Support equipment for Readymix Concrete Plant, Highcapacity Silos, Artificial Sand Plants (Crusher), Wall Putty Plants, Other Customized Projects etc., catering to industrial requirements of various industries like cement, concrete, crushing, construction and building materials etc. We also provide complete end-to-end turnkey solutions from conceptualization, development, fabrication, assembling, testing, logistic support, final erection and installation of various plant & machineries along with related equipments at customer's site and other incidental and allied activities related therewith along with after sales services which includes repair & maintenance services.

Readymix Construction Machinery Ltd IPO Details

Total Shares Offered

₹ 30,62,000

Offer to Public

TBA

Retail Max (Shares)

₹ 10,18,000

Pre Issue Promoters Holding

₹ 78,96,500

Exchange

NSE

Issue size

₹ 37.66 Cr

IPO Open Date

Feb 6, 2025

Close Date

Feb 10, 2025

Lot Size

1000

Min Investment

₹ 1,21,000

Issue Type

Book Building - SME

Listing Date

Feb 13, 2025

Readymix Construction Machinery Ltd IPO Dates

Feb 6, 2025

Opening date

Feb 10, 2025

Closing date

Feb 11, 2025

Basis of Allotment

Feb 12, 2025

Initiation of Refunds

Feb 12, 2025

Credit of Shares

Feb 13, 2025

Listing date

Details

Sector	Type
Sector	Engineering
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	2.04x	1453000	2970000
NII	5.11x	437000	2235000
Retail	4.26x	1018000	4336000
Employee	0x	0	0
Total	3.12x	3062000	9541000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2.04x

5.11x

4.26x

3.12x

1453000

437000

1018000

3062000

2970000

2235000

4336000

9541000

Readymix Construction Machinery Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	13.63	12.99	3.94
EBITDA	14.72	13.65	4.16
PAT	9.34	9.28	2.78
Total Assets	70.23	33.64	29.53
Share Capital	10.96	0.46	0.46
Total Borrowings	4.12	8.77	9.25
Operating Activities (Net Cash)	10.43	9.94	3.00
Investing Activities (Net Cash)	9.73	0.36	0.00
Financing Activities (Net Cash)	4.12	8.77	9.25
Net Cashflow	3.97	0.77	0.53

About Readymix Construction Machinery Ltd

Our Company was originally incorporated as a private limited Company under the name Readymix Construction Machinery Private Limited on January 24, 2012 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Pune (RoC), bearing CIN: U29248PN2012PTC142045. Thereafter on July 31, 2012, our Company took over the business of partnership firm, Readymix Construction Machinery. Thereafter, our Company was converted into a public limited company, pursuant to a special resolution passed by our Shareholders at the Extra Ordinary General Meeting held on June 21, 2024 and consequently, the name of our Company was changed from `Readymix Construction Machinery Private Limited' to `Readymix Construction Machinery Limited' and a fresh certificate of incorporation consequent upon conversion to public company was issued by the Registrar of Companies, Central Processing Centre on August 02, 2024. Our Company's Corporate Identity Number is U29248PN2012PLC142045.

Market size for the Indian Construction Equipment Market stood at US$ 7.2 billion in FY23 and is forecasted to grow at a CAGR of 15% for next five years, as per the estimates of CII. The construction equipment industry is expected to sell 165,097 units by 2028. The machine tools market is expected to reach US$ 2.5 billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-28. India's earthmoving and construction equipment (ECE) industry has enjoyed strong growth over the last seven years due to rapid economic development, and it has become the third largest construction equipment market in the world. Construction Equipment sales grew by 26% YoY to 135,650 units in FY24. With development of infrastructure, demand for construction equipment and other machinery is expected to rise significantly.

Peer Comparison:

No Listed Industry Peers

Readymix Construction Machinery Ltd Key Points

Strengths

We 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.

Risk

The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for its products may adversely affect the company business, results of operations, cash flows and financial condition.

Its business is dependent on the sale of the company products to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

Its business is substantially dependent on the company design and engineering teams to accurately carryout the estimates and engineering studies for potential orders The inability of its design and engineering team to design the company product in an efficient manner may lead to reduced margins.

Strategy

Expansion of our geographical footprint.

Continue to enhance our core strengths by attracting, retaining and training qualified personnel and process up gradation.

Continue to strengthen our existing portfolio and further diversify it.

Cost effective production and timely fulfilment of orders.

Scale up branding and promotional activities.

How To Apply for Readymix Construction Machinery Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Readymix Construction Machinery Ltd IPO?

Readymix Construction Machinery Ltd's IPO offers shares for up to 37.66 It begins on Feb 6, 2025 and ends on Feb 10, 2025.

What is the price of the Readymix Construction Machinery Ltd IPO?

The price of Readymix Construction Machinery Ltd IPO ranges between ₹121 to ₹123 per share.

What are the open and close dates for the Readymix Construction Machinery Ltd IPO?

The Readymix Construction Machinery Ltd IPO opens on Feb 6, 2025 and closes on Feb 10, 2025.

When will the Readymix Construction Machinery Ltd IPO be allotted?

The allotment for the Readymix Construction Machinery Ltd IPO will be finalised on Feb 11, 2025. The shares will be listed on BSE and NSE on Feb 13, 2025.

What is the minimum lot size required for Readymix Construction Machinery Ltd IPO?

The minimum lot size for Readymix Construction Machinery Ltd IPO is 1000 shares, priced between ₹121 to ₹123 per share.

What is the GMP of Readymix Construction Machinery Ltd IPO?

The GMP (Grey Market Premium) of Readymix Construction Machinery Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Readymix Construction Machinery Ltd IPO?

To check the allotment status of Readymix Construction Machinery Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Readymix Construction Machinery Ltd IPO getting listed?

The Readymix Construction Machinery Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 6, 2025, and closes on Feb 10, 2025. The allotment is finalised on Feb 11, 2025.

How do you apply for the Readymix Construction Machinery Ltd IPO?

To apply for the Readymix Construction Machinery Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.