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Readymix Construction Machinery IPO

  • Status: Closed
  • RHP:
  • ₹ 121,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    13 Feb 2025

  • Listing Price

    ₹ 123.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹ 83.95

IPO Details

  • Bidding starts

    06 Feb 2025

  • Bidding ends

    10 Feb 2025

  • Listing

    13 Feb 2025

  • IPO Price Range

    ₹ 121 to ₹ 123

  • IPO Size

    ₹ 37.66 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Readymix Construction Machinery IPO Subscription Status

Last Updated: 10 February 2025 6:26 PM by 5Paisa

Readymix Construction Machinery, is a multidisciplinary manufacturer and supplier of construction equipment. The company offers end-to-end turnkey solutions, including design, development, fabrication, and after-sales services. Its product portfolio includes dry mix mortar plants, concrete plant support, silos, and customized projects, catering to various industries with a dedicated after-sales network.

Established in: 2012

Managing Director: Anand Suresh Watve
 

Objectives

1. Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
2. To meet working capital requirements.
3. General corporate purpose in the Company.

Readymix Construction Machinery IPO Size

Types Size
Total IPO Size ₹14.60 Cr.
Offer For Sale -
Fresh Issue ₹14.60 Cr.

 

Readymix Construction Machinery IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3000 141,000
Retail (Max) 1 3000 141,000
HNI (Min) 2 6000 282,000

Readymix Construction Machinery IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.96 5,82,000 11,39,000 14.010
NII (HNI) 1.28 4,37,000 5,60,000 6.888
Retail 1.62 10,18,000 16,52,000 20.320
Total** 1.65 20,37,000 33,51,000 41.217

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

Readymix Construction Machinery IPO Anchor Allocation

Anchor Bid Date 05 February, 2025
Shares Offered 8,71,000
Anchor portion Size (In ₹ Cr.) 10.71
Anchor lock-in period end date for 50% shares (30 Days) 13 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 12 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 47.83 55.01 69.84
EBITDA 2.36 4.58 13.60
PAT 1.33 2.78 9.28
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 30.16 32.16 38.97
Share Capital 0.46 0.46 0.46
Total Borrowings 4.68 7.60 7.90
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -2.59 0.57 2.83
Net Cash Generated From / (used in) investing activities -0.1 -2.14 -2.01
Net Cash Generated From / (used in) financing activities 1.62 1.91 -0.55
Net Increase (Decrease) In Cash And Cash Equivalents -1.07 0.34 0.25


Strengths

1. Offers a wide range of construction equipment, including silos and mortar plants.
2. Provides end-to-end services from conceptualization to after-sales maintenance and repair.
3. Ensures customer satisfaction through dedicated repair, maintenance, and technical assistance services.
4. Led by seasoned promoters and a skilled design and development team.
5. Serves multiple industries with customized engineering and consultancy solutions.
 

Risks 

1. With only 114 employees, scalability and operational efficiency could be a challenge.
2. Heavily reliant on the construction industry, making it vulnerable to economic downturns.
3. Faces intense competition from established global and domestic construction equipment manufacturers.
4. Requires substantial investment in R&D, fabrication, and equipment installation.
5. Expansion to new markets may require significant resources and regulatory approvals.
 

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FAQs

Readymix Construction Machinery IPO opens from 6 February 2025 to 10 February 2025.
 

The size of Readymix Construction Machinery IPO is ₹37.66 Cr.
 

The price of Readymix Construction Machinery IPO is fixed at ₹121 to ₹123 per share.
 

To apply for Readymix Construction Machinery IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Readymix Construction Machinery  IPO.   
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
4. You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Readymix Construction Machinery IPO is 1,000 shares and the investment required is ₹121,000.
 

The share allotment date of Readymix Construction Machinery IPO is 12 February 2025.
 

The Readymix Construction Machinery IPO will be listed on 13 February 2025.
 

Hem Securities Limited is the book running lead manager for Readymix Construction Machinery IPO.
 

Readymix Construction Machinery plans to utilise the raised capital from the IPO for:

1. Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
2. To meet working capital requirements.
3. General corporate purpose in the Company.