Readymix Construction Machinery IPO Details and Analysis
The Readymix Construction Machinery IPO is set to open on February 6, 2025, and will close on February 10, 2025. This IPO follows the Book Built Issue method, with the company aiming to raise ₹37.66 crores through a fresh issue of shares.
The IPO price band is set at ₹121 to ₹123 per share. The retail investor quota is 35%, while QIB (Qualified Institutional Buyers) get 50%, and HNI (High Net-worth Individuals) are allocated 15%. The IPO is scheduled to be listed on the NSE SME on February 13, 2025.
Company Financial Performance
Readymix Construction Machinery has shown strong financial growth. The company reported:
- Revenue of ₹69.84 crores in 2024, compared to ₹55.01 crores in 2023.
- Net profit of ₹9.28 crores in 2024, up from ₹2.78 crores in 2023.
Based on financial performance, long-term investors may consider applying for this IPO.
Readymix Construction Machinery IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | February 6, 2025 |
| IPO Close Date | February 10, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹121 – ₹123 per share |
| Issue Size | ₹37.66 crores |
| Fresh Issue | ₹37.66 crores |
| Offer for Sale | Not Disclosed |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
Readymix Construction Machinery IPO Market Lot
The minimum lot size for the IPO is 1,000 shares, requiring a minimum application amount of ₹1,23,000.
| Investor Type | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹1,23,000 |
| Retail Maximum | 1 | 1,000 | ₹1,23,000 |
| HNI Minimum | 2 | 2,000 | ₹2,46,000 |
Readymix Construction Machinery IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | February 6, 2025 |
| IPO Close Date | February 10, 2025 |
| Basis of Allotment | February 11, 2025 |
| Refund Initiation | February 12, 2025 |
| Credit to Demat Account | February 12, 2025 |
| IPO Listing Date | February 13, 2025 |
Company Promoters
The key promoters of Readymix Construction Machinery Limited are:
- Anand Suresh Watve
- Atul Jagannath Kulkarni
- Prashant Balasaheb
- Shubhangi Rohit Deo
About Readymix Construction Machinery
Readymix Construction Machinery (RMX) is a leading manufacturer and supplier in the construction equipment industry. Established in Pune in 2008, the company specializes in high-quality machinery to support construction projects efficiently.
Key Highlights
- Offers a wide range of construction machinery for various applications.
- Focus on quality, efficiency, and customer satisfaction.
- Backed by an expert team of engineers and technicians.
- Strong financial performance, with increased revenue and profits over recent years.
Readymix Construction Machinery Financial Report
| Year | Revenue (₹ Cr.) | Expenses (₹ Cr.) | Profit After Tax (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|
| 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 |
Readymix Construction Machinery IPO Valuation – FY 2024
| KPI | Value |
|---|---|
| ROE (Return on Equity) | 65.90% |
| ROCE (Return on Capital Employed) | 48.96% |
| EBITDA Margin | 19.57% |
| PAT Margin | 13.30% |
| Debt to Equity Ratio | 0.42 |
| Earnings Per Share (EPS) | ₹11.76 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 49.51% |
| Net Asset Value (NAV) | ₹23.75 |
Use of IPO Funds
The proceeds from the IPO will be used for:
- Repayment/prepayment of company borrowings.
- Meeting working capital requirements.
- General corporate purposes.
Readymix Construction Machinery IPO Review by Analysts
- Canara Bank – Pending
- Emkay Global – Pending
- Hem Securities – Pending
- IDBI Capital – Pending
- ICICI Direct – Pending
- Choice Broking – Pending
(Full review by analysts will be updated as reports are published.)
Readymix Construction Machinery IPO Registrar
The IPO registrar is Bigshare Services Pvt Ltd.
| Registrar Details | Contact Information |
|---|---|
| Registrar | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | Bigshare IPO Status |
IPO Lead Managers
The merchant banker managing the IPO is 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: www.rcmpl.co.in
Readymix Construction Machinery IPO FAQs
1. What is Readymix Construction Machinery IPO?
Readymix Construction Machinery IPO is a main-board IPO raising ₹37.66 crores via fresh issue. The IPO is priced at ₹121 – ₹123 per share and will be listed on NSE SME.
2. When will the Readymix Construction Machinery IPO open?
The IPO will open on February 6, 2025, and close on February 10, 2025.
3. What is the investor quota for Readymix Construction Machinery IPO?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI): 15%
4. How can I apply for the Readymix Construction Machinery IPO?
You can apply via:
- ASBA (Application Supported by Blocked Amount) through your bank account.
- UPI-based applications via stockbrokers.
5. What is the Readymix Construction Machinery IPO listing date?
The IPO is expected to list on February 13, 2025, on NSE SME.
Note: The Readymix Construction Machinery IPO price band and dates are officially announced. Stay tuned for Grey Market Premium (GMP) updates.