Readymix Construction Machinery Ltd IPO
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Readymix Construction Machinery Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 30.62 L | TBA | ₹ 10.18 L | ₹ 78.97 L | NSE | ₹ 37.66 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 06 Feb, 25 | 10 Feb, 25 | 1000 | ₹ 1,21,000 | Book Building - SME | 13 Feb, 25 |
Readymix Construction Machinery Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Readymix Construction Machinery Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 12.99 | 3.94 | 1.99 |
| EBITDA | 13.65 | 4.16 | 2.15 |
| PAT | 9.28 | 2.78 | 1.33 |
| Total Assets | 34.98 | 29.53 | 29.46 |
| Share Capital | 0.46 | 0.46 | 0.46 |
| Total Borrowings | 10.19 | 9.25 | 6.22 |
| Operating Activities (Net Cash) | 9.94 | 3.00 | 1.49 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 10.19 | 9.25 | 6.22 |
| Net Cashflow | 0.79 | 0.53 | 0.19 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- No Listed Industry Peers
Readymix Construction Machinery Ltd IPO 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.
- 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.
How To Apply for Readymix Construction Machinery Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
