Readymix Construction Machinery Limited is a multidisciplinary manufacturer and supplier in the construction equipment sector.
The company offers engineering solutions for designing, developing, fabricating, and installing plant machinery and equipment, including Dry Mix Mortar Plants, concrete plant support, silos, and customized projects.
The company provides end-to-end turnkey solutions, including conceptualization, development, fabrication, testing, installation, and after-sales services such as repair and maintenance for plant machinery and equipment.
The company offers business consultancy services, including design, engineering, technology solutions, equipment installation support, and recipe consultancy to optimize performance, reduce costs, and enhance efficiency.
The product portfolio comprises various plant & machineries:
- Dry Mix Mortar Plant: Designed to produce pre-mixed mortar for construction applications like masonry, plastering, and tile fixing, enhancing strength and durability.
- Support Equipments for Readymix Concrete Plant: They provides concrete plants equipped with components like aggregate bins, storage silos, batching units, mixers, and conveyors for large-scale construction projects.
- High-capacity Silos: They provides high-capacity silos for storing bulk materials like gypsum, cement, and lime, ensuring a continuous supply and preventing project delays.
- Artificial Sand Plant: They provides artificial sand plants that process sand, removing impurities to produce high-quality sand for construction and other industries.
- Wall Putty Plant: They provides wall putty, a pre-mixed blend of cement, fillers, polymers, and additives, used for smooth finishes and crack filling.
- Service & Consultancy: Offers business consultancy services, including design, engineering, technology solutions, installation support, and recipe optimization for improved efficiency and performance.
As on July 31, 2024, the Company has 111 employees.
Readymix Construction IPO – Details
| IPO Opening Date | 06 February 2025 |
| IPO Closing Date | 10 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 30,62,000 Shares Worth ₹37.66 Crore Fresh Issue: 30,62,000 Shares Worth ₹37.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 – ₹123 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Readymix Construction IPO – Date Schedule
| IPO Open Date | 06 February 2025 |
| IPO Close Date | 10 February 2025 |
| Basis of Allotment | 11 February 2025 |
| Initiation of Refund | 12 February 2025 |
| Credit of Shares to Demat Account | 12 February 2025 |
| IPO Listing Date | 13 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2025 |
Readymix Construction IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,23,000 |
| Retail (Max) | 1 | 1000 | ₹1,23,000 |
| HNI (Min) | 2 | 2000 | ₹2,46,000 |
Competitive Strengths
- 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.
Company Promoters
- Anand Suresh Watve
- Atul Jagannath Kulkarni
- Prashant Balasaheb
- Shubhangi Rohit Deo
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 47.83 | 46.00 | 1.32 | 4.68 |
| 31 March 2023 | 55.00 | 51.28 | 2.77 | 7.60 |
| 31 March 2024 | 69.84 | 57.52 | 9.28 | 7.90 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 65.90% |
| ROCE | 48.96% |
| Debt/Equity | 0.42 |
| RoNW | 49.51% |
| PAT Margin | 13.30 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.76 | 8.47 |
| P/E (x) | 10.46 | 14.52 |
Object Of The Issue
- 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 IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Readymix Construction IPO Prospectus
- Readymix Construction IPO DRHP
- Readymix Construction IPO RHP
Company Contact Information
| 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: http://www.rcmpl.co.in/ |
Readymix Construction IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Readymix Construction IPO Lead Manager(s)
| 1. Hem Securities Limited |
Readymix Construction IPO FAQs
| What is Readymix Construction IPO? Readymix Construction IPO is a SME IPO. The issue is priced at ₹121 to ₹123 per equity share. The IPO is to be listed on NSE SME. |
| When Readymix Construction IPO will open? The IPO is to open on 06 February 2025 for QIB, NII, and Retail Investors. |
| What is Readymix Construction IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Readymix Construction IPO? You can apply Readymix Construction IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Readymix Construction IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Readymix Construction IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Readymix Construction IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Readymix Construction IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Readymix Construction IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Readymix Construction IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Readymix Construction IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Readymix Construction IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Readymix Construction IPO Size? Readymix Construction IPO size is ₹37.66 Crore. |
| What is the Readymix Construction IPO Price Band? Readymix Construction IPO Price Band is ₹121 to ₹123. |
| What is Readymix Construction IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1000 Shares with ₹1,23,000 amount while the maximum bid is 1000 Shares with ₹1,23,000. |
| What is the Readymix Construction IPO Allotment Date? Readymix Construction IPO allotment date is 11 February 2025. |
| What is the Readymix Construction IPO Listing Date? Readymix Construction IPO listing date is 13 February 2025. The IPO is to be listed on NSE SME. |
