Readymix Construction IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Thu, 06 Feb 2025
Close Date
Mon, 10 Feb 2025
Price Band
₹ 121 – 123
Lot Size
1000
Issue Size
₹ 37.66 Cr
Minimum Investment
₹ 246,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Readymix Construction IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹37.66 Crore, comprising a fresh issue of 30.62 Lakh equity shares aggregating to ₹37.66 Crore.
The Readymix Construction IPO remained open for subscription from February 06, 2025, to February 10, 2025. The basis of allotment was finalized on February 11, 2025, and the company's shares were listed on NSE SME Platform on February 13, 2025.
The company had fixed the price band at ₹121 to ₹123 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹246,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Readymix Construction Machinery Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Readymix Construction IPO Timeline (Tentative)
- IPO Open Date
- Thu, 06 Feb 25
- IPO Close Date
- Mon, 10 Feb 25
- Basis of Allotment
- Tue, 11 Feb 25
- Initiation of Refunds
- Wed, 12 Feb 25
- Credit of Shares to Demat
- Wed, 12 Feb 25
- Listing Date
- Thu, 13 Feb 25 — NSE & BSE
Open Date
06 February 2025
Close Date
10 February 2025
Basis Of Allotment
11 February 2025
Listing Date
13 February 2025
IPO Subscription
Check Live Subscription →The Readymix Construction IPO has received bids for 95,41,000 shares against 20,37,000 shares offered, resulting in an overall subscription of 4.68x. the NII category is subscribed 5.11x, Retail Investors 4.26x, and QIBs 5.1x.
QIB
5.1x
NII
5.11x
RII
4.26x
Total
4.68x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,18,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,82,000 shares (0%), while Non-Institutional Investors (NIIs) receive 4,37,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 582,000 | 0% |
| Non-Institutional | 437,000 | 0% |
| Retail Investors | 1,018,000 | 0% |
| Total | 2,037,000 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Readymix Construction Machinery Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 65.9 |
| ROCE % | 48.96 |
| Debt / Equity | 0.42 |
| RoNW % | 49.51 |
| Pat Margin % | 13.3 |
Peers Comparison
No Peer Comparision Available
About Readymix Construction Machinery Limited
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.
Readymix Construction IPO Promoters
- Anand Suresh Watve
- Atul Jagannath Kulkarni
- Prashant Balasaheb Kanikdale
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.06%
Readymix Construction IPO Objective
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
Readymix Construction Machinery Limited Address / Contact Details
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
Readymix Construction IPO Lot Size
The Readymix Construction IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,23,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,23,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Readymix Construction IPO?
Readymix Construction IPO is a Book-building IPO with a total issue size of ₹37.66 crore. The Readymix Construction IPO price band is ₹121 to 123 per share. The Readymix Construction IPO subscription opens on Thu, Feb 6, 2025, and closes on Mon, Feb 10, 2025. The Readymix Construction IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Readymix Construction IPO.
When will the Readymix Construction IPO open for subscription?
The Readymix Construction IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025
What is Readymix Construction IPO Price Band?
Readymix Construction IPO Price Band is ₹121 to 123 per share.
What is Readymix Construction IPO Lot Size?
Readymix Construction IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹246000 based on the upper price band
What is the minimum investment for Readymix Construction IPO?
The minimum investment for Readymix Construction IPO is ₹246000, based on one lot of 1000 shares at the upper price band of ₹123 per share.
How to apply for Readymix Construction IPO?
Investors can apply for the Readymix Construction IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Feb 10, 2025. The application amount remains blocked until the Readymix Construction IPO allotment is finalized.
What is Readymix Construction IPO Issue Size?
Readymix Construction IPO issue size is ₹37.66 crores.
What is the Readymix Construction IPO Allotment Date?
Readymix Construction IPO allotment date is Tue, Feb 11, 2025.
Who is the Readymix Construction IPO Registrar?
The registrar for Readymix Construction IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Readymix Construction IPO allotment status, refund processing, and other IPO-related information.
What is the Readymix Construction IPO GMP?
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 4.07% over the issue price.
Who is the Readymix Construction IPO Lead Manager?
The book-running lead managers (BRLMs) for the Readymix Construction IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Readymix Construction IPO Red Herring Prospectus (RHP).