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Readymix Construction Machinery IPO vs Solarium Green Energy IPO

Comparison between Readymix Construction Machinery IPO and Solarium Green Energy IPO.

IPO Details

Readymix Construction Machinery IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Solarium Green Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

 Readymix Construction Machinery IPOSolarium Green Energy IPO
LogoReadymix Construction Machinery IPO LogoSolarium Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Readymix Construction Machinery IPO is up to ₹35.77 Cr whereas the issue size of the Solarium Green Energy IPO is up to ₹99.56 Cr. The final issue price of Readymix Construction Machinery IPO is ₹123.00 per share and of Solarium Green Energy IPO is ₹191.00 per share.

 Readymix Construction Machinery IPOSolarium Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share₹181.00 per share
Issue Price (Upper)₹123.00 per share₹191.00 per share
Issue Price (Final)₹123.00 per share₹191.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares600 shares
Fresh Issue Size29,08,000 shares52,12,800 shares
Fresh Issue Size (Amount)up to ₹35.77 Crup to ₹99.56 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,08,000 shares52,12,800 shares
Issue Size Total (Amount)up to ₹35.77 Crup to ₹99.56 Cr

IPO Timetable

Readymix Construction Machinery IPO opens on Feb 06, 2025, while Solarium Green Energy IPO opens on Feb 06, 2025. The closing date of Readymix Construction Machinery IPO and Solarium Green Energy IPO is Feb 10, 2025, and Feb 10, 2025, respectively.

 Readymix Construction Machinery IPOSolarium Green Energy IPO
Anchor Bid DateFeb 05, 2025Feb 05, 2025
Issue OpenFeb 06, 2025Feb 06, 2025
Issue CloseFeb 10, 2025Feb 10, 2025
Basis Of Allotment (Tentative)Feb 11, 2025Feb 11, 2025
Initiation of Refunds (Tentative)Feb 12, 2025Feb 12, 2025
Credit of Share (Tentative)Feb 12, 2025Feb 12, 2025
Listing date (Tentative)Feb 13, 2025Feb 13, 2025
Anchor Lockin End date 1Mar 13, 2025Mar 13, 2025
Anchor Lockin End date 2May 12, 2025May 12, 2025

Financials & KPIs

Readymix Construction Machinery IPO P/E ratio is 10.46, as compared to Solarium Green Energy IPO P/E ratio of 18.81.

 Readymix Construction Machinery IPOSolarium Green Energy IPO
Financials

Readymix Construction Machinery Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets52.4338.9732.1630.16
Total Income35.569.8455.0147.83
Profit After Tax1.049.282.781.33
Net Worth19.818.759.436.63
Reserves and Surplus11.918.298.966.17
Total Borrowing16.687.97.64.68
Amount in ₹ Crore

Solarium Green Energy Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2577.2144.3731.81
Total Income82.34177.8198.93167.89
Profit After Tax7.5515.591.742.05
Net Worth33.1320.334.743
Reserves and Surplus17.7817.331.74
Total Borrowing33.4730.7626.7214.8
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0078.50
Promoter Shareholding (Post-Issue)72.0657.77
P/E Ratio10.4618.81
Market Cap₹134.79 Cr.₹398.23 Cr.
ROE65.90%124.38%
ROCE48.96%54.18%
Debt/Equity0.421.51
EPS₹11.76₹10.16
RoNW49.51%76.69%

Shares Offered

In the Readymix Construction Machinery IPO Retail Individual Investors (RII) are offered 10,18,000 shares while in Solarium Green Energy IPO retail investors are offered 10,18,000 shares. Qualified Institutional Buyers (QIB) are offered 5,82,000 shares in Readymix Construction Machinery IPO and 10,42,800 shares in Solarium Green Energy IPO.

 Readymix Construction Machinery IPOSolarium Green Energy IPO
Anchor Investor Reserveration8,71,000 shares15,63,000 shares
Market Maker Reserveration1,54,000 shares2,86,800 shares
QIB5,82,000 shares10,42,800 shares
NII4,37,000 shares7,82,400 shares
RII10,18,000 shares18,24,600 shares
Employee0 shares0 shares
Others
Total29,08,000 shares52,12,800 shares

Bids Received (Subscription)

Readymix Construction Machinery IPO subscribed 4.61x in total, whereas Solarium Green Energy IPO subscribed 8.83x.

 Readymix Construction Machinery IPOSolarium Green Energy IPO
QIB (times)5.10x8.51x
NII (times)4.76x18.04x
Big NII (times)
Small NII (times)
RII (times)4.26x5.07x
Employee (times)
Other (times)
Total (times)4.61x8.83x