Readymix Construction Machinery Limited
Bookbuilding IPO · NSE
- Price band
- ₹121 - ₹123
- Lot size
- 1,000 shares
- Issue amount
- ₹37.66 cr
- Total subscription
- 4.68×
- Opens
- 6 Feb 2025
- Closes
- 10 Feb 2025
- Allotment
- 11 Feb 2025
- Listing
- 13 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 30,62,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,21,000
- Fresh issue
- ₹37.66 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,23,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 78,96,500
- Shares after issue
- 1,09,58,500
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,23,000 |
| HNI | 2 | 2,000 | ₹2,46,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 8 |
| NIB | — | 282 |
| RETAIL | — | 4,336 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.16 | 36.53 |
| RETAIL | 12.52 | 53.33 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.32 | 11.76 | 3.52 |
| ROE | 5.42 | 65.9 | 34.62 |
| ROCE | 6.01 | 48.96 | 25.71 |
| RONW | 5.27 | 49.51 | 49.51 |
| PRE IPO(PE) | 0 | 10.46 | 0 |
| POST IPO(PE) | 96.82 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2012, Readymix Construction Machinery Limited provides complete solutions for construction equipment needs. The company designs, manufactures, and installs machinery such as dry mix mortar plants, concrete support systems, silos, artificial sand plants, and wall putty plants. It offers turnkey services covering planning, fabrication, installation, testing, and after-sales maintenance. Along with equipment, Readymix provides consultancy in design, engineering, and technology to help improve efficiency. With a team of 111 skilled professionals as of July 31, 2024, the company continues to focus on innovation and quality to meet diverse industrial requirements.
Strengths
- Wide Range of Products – The company provides a variety of products, including Dry Mix Mortar Plants, concrete plant support systems, high-capacity silos, artificial sand plants, and wall putty plants, meeting different construction needs.
- Serving Multiple Industries – The company supports industries like construction, infrastructure, and manufacturing, reducing reliance on a single market and ensuring steady growth.
- Reliable After-Sales Support – A strong service team offers repair, maintenance, installation assistance, and expert advice, ensuring customer satisfaction and lasting partnerships.
Risk factors
- Supplier Dependency: Relying on a few key suppliers in one region for raw materials can disrupt the supply chain, affecting operations and finances.
- Customer Concentration Risk: A large part of the company’s revenue comes from a few major customers. Losing any of them could impact business stability and cash flow.
- Design & Engineering Risks: The company depends on its design and engineering teams for accurate estimates. Mistakes or inefficiencies could lead to lower profits and project delays.
Promoters
Anand Suresh Watve
Atul Jagannath Kulkarni
Prashant Balasaheb
Shubhangi Rohit Deo
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 401, 3rd and 4th Floor, Plot No. 209, Survey No. 96/2B, Paud Road, Right Bhusari Colony, Kothrud, Pune-411038
+91-20-25289212
[email protected]Company website ↗Understanding READYMIX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.