Readymix Construction IPO
Open SmeCurrent GMP
₹9 (+7.32%)
Price Band
₹ 121 – 123
Lot Size
1000
Issue Size
₹37.66 Cr
Minimum Investment
₹246000 (2000 Shares)
Listing Date
13 February 2025
Subscription
4.68x
About the Company
Readymix Construction Machinery Limited is an engineering-driven company that specializes in providing design, development, fabrication, and installation of various plant and machinery, including Dry Mix Mortar Plants, Concrete Plant support equipment, High-capacity Silos, Artificial Sand Plants, Wall Putty Plants, and other customized projects. The company offers complete end-to-end turnkey solutions, including conceptualization, development, fabrication, assembly, testing, logistics, and installation at customer sites, along with after-sales services such as repair, maintenance, and operational software updates.
In addition to its core services, the company provides Annual Maintenance Services, Business Consultancy, and Recipe Consultancy to optimize plant performance and improve operational efficiency. It operates from its office in Pune, Maharashtra, and a fabrication unit in Chakan, Pune. The company was incorporated in 2012, taking over the business previously run as a partnership under the name M/s Readymix Construction Machinery since 2009.
The company’s design and development capabilities are supported by a team of 13 employees, with research and development managed by 14 employees. Readymix Construction Machinery has customers across India and has also exported products to Nepal, with over 200 customers served in the past three years.
The management team is led by promoters Anand Suresh Watve, Atul Jagannath Kulkarni, and Prashant Balasaheb Kanikdale, each with decades of experience in the industry. Their leadership and sector-specific expertise have played a crucial role in the company’s growth and expansion, as they continue to introduce new products and capitalize on market opportunities.
Promoters
- Anand Suresh Watve
- Atul Jagannath Kulkarni
- Prashant Balasaheb Kanikdale
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.06%
Objects of the Issue
The Company intend to utilize the proceeds of the Issue to meet the following objects:
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General Corporate Purpose
Address / Contact Info
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, Maharashtra
Phone: +91-20-25289212
Email: cs@rcmpl.co.in
Website: http://www.rcmpl.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 06 February 2025
IPO Close Date
Monday, 10 February 2025
Basis of Allotment
Tuesday, 11 February 2025
Initiation of Refunds
Wednesday, 12 February 2025
Credit of Shares to Demat
Wednesday, 12 February 2025
Listing Date
Thursday, 13 February 2025 — NSE & BSE
Important Dates
Open Date
06 February 2025
Close Date
10 February 2025
Basis Of Allotment
11 February 2025
Listing Date
13 February 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 52.43 | 38.97 | 32.16 | 30.16 |
| Revenue | 35.5 | 69.84 | 55.01 | 47.83 |
| Profit After Tax | 1.04 | 9.28 | 2.78 | 1.33 |
| Net Worth | 19.8 | 18.75 | 9.43 | 6.63 |
| Reserve & Surplus | 11.9 | 18.29 | 8.96 | 6.17 |
| Total Borrowings | 16.68 | 7.9 | 7.6 | 4.68 |
EPS Pre
11.76%
EPS Post
1.27%
P/E Pre
10.46
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 65.9 |
| ROCE % | 48.96 |
| Debt / Equity | 0.42 |
| RoNW % | 49.51 |
| PbW | 0 |
| Pat Margin % | 13.3 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 582000 | 0 | 0 |
| Non-Institutional | 437000 | 0 | 0 |
| Retail Investors | 1018000 | 0 | 0 |
| Total | 2037000 | 0 | 0 |
Subscription Status ( Mon, 10 Feb 25 01:14 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 582000 | 2970000 | 5.1x |
| Non-Institutional | 437000 | 2235000 | 5.11x |
| Retail Investors | 1018000 | 4336000 | 4.26x |
| Total | 2037000 | 9541000 | 4.68x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 123,000.00 |
| Retail (Max) | 1 | 1,000 | 123,000.00 |
| S-HNI (Min) | 2 | 2,000 | 246,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Readymix Construction IPO is a Book-building IPO worth ₹37.66 crores. The price band is ₹121 to 123 per share. The IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Readymix Construction IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025
Readymix Construction IPO Price Band is ₹121 to 123.
Readymix Construction IPO lot size is 1000, and the minimum amount required for application is ₹246000.
The minimum investment for Readymix Construction IPO is approximately ₹246000 based on the upper price band.
To apply for the Readymix Construction IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Feb 10, 2025. After submission, funds are blocked until the basis of allotment of Readymix Construction IPO is finalised.
Readymix Construction IPO issue size is ₹37.66 crores.
Readymix Construction IPO allotment date is Sat, Jun 27, 2026.
The registrar for Readymix Construction IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Readymix Construction IPO through their official website or helpline.
The Readymix Construction IPO GMP (Grey Market Premium) is ₹5 as of Fri, Feb 7, 2025. Based on the upper price band of ₹123 per share, the estimated Readymix Construction IPO listing price is ₹128, indicating a potential listing gain of approximately 31% over the issue price.