Bookbuilding IPO | ₹38 Cr | Listed at NSE SME | Thu, Feb 6, 2025 - Mon, Feb 10, 2025
Readymix Construction Machinery IPO is a book build issue of ₹37.66 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹37.66 crore.
Readymix Construction Machinery IPO bidding started from Feb 6, 2025 and ended on Feb 10, 2025. The allotment for Readymix Construction Machinery IPO was finalized on Feb 11, 2025. The shares got listed on NSE SME on Feb 13, 2025.
Readymix Construction Machinery IPO price band is set at ₹123 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,23,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,46,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Readymix Construction Machinery IPO RHP for detailed Information.
IPO Open
Thu, Feb 6, 2025
IPO Close
Mon, Feb 10, 2025
Issue Price
₹123 per share
Market Cap (Pre-IPO)
₹134.79 Cr
| IPO Date | 6 to 10 Feb, 2025 |
| Listed on | Thu, Feb 13, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹123 |
| Issue Price | ₹123 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,62,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 1,54,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 29,08,000 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 29,08,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 78,96,500 shares |
| Share Holding Post Issue | 1,09,58,500 shares |
| NSE Symbol | READYMIX |
| ISIN | INE10QL01011 |
Readymix Construction Machinery IPO comprises a total issue size of 30,62,000 shares. The net offer to the public is 29,08,000 shares, after excluding 1,54,000 shares allotted on a firm basis. Of the Net offer 14,53,000 (49.97%) are allocated to QIB, 4,37,000 (15.03%) allocated to NII 10,18,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,53,000 | 49.97% | 47.45% |
| − Anchor Investor Shares Offered | 8,71,000 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 5,82,000 | 19.01% | |
| NII (HNI) Shares Offered | 4,37,000 | 15.03% | 14.27% |
| Retail Shares Offered | 10,18,000 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,54,000 | 5.03% | |
| Total Shares Offered | 30,62,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,23,000 |
| Retail (Max) | 1 | 1,000 | ₹1,23,000 |
| HNI (Min) | 2 | 2,000 | ₹2,46,000 |
Readymix Construction Machinery IPO raises ₹10.71 crore from anchor investors. Readymix Construction Machinery IPO Anchor bid date is February 5, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Feb 5, 2025 |
| Shares Offered | 8,71,000 |
| Anchor Portion (₹ Cr.) | 10.71 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 12, 2025 |
Incorporated in 2012, 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.
Product Portfolio: The product portfolio comprises of various plant & machineries.
As of December 31, 2024, the Company has 114 employees.
Competitive Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 52.43 | 38.97 | 32.16 | 30.16 |
| Total Income | 35.50 | 69.84 | 55.01 | 47.83 |
| Profit After Tax | 1.04 | 9.28 | 2.78 | 1.33 |
| NET Worth | 19.80 | 18.75 | 9.43 | 6.63 |
| Reserves and Surplus | 11.90 | 18.29 | 8.96 | 6.17 |
| Total Borrowing | 16.68 | 7.90 | 7.60 | 4.68 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 5.25 |
| 2 | To Meet Working Capital Requirement | 24.05 |
| 3 | General Corporate Purpose | 4.77 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 65.90% |
| ROCE | 48.96% |
| Debt/Equity | 0.42 |
| RoNW | 49.51% |
| PAT Margin | 13.30% |
| Price to Book Value | 5.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.76 | 1.27 |
| P/E (x) | 10.46 | |
| Promoter Holding | 100% | 72.06% |
| Market Cap | ₹134.79 Cr. |
The Readymix Construction IPO is subscribed 4.61 times on February 10, 2025 6:19:59 PM (Day 3). The public issue subscribed 4.26 times in the retail category, 5.1 times in the QIB category, and 4.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 5.1 | 5,82,000 | 29,70,000 | 8 |
| NII* | 4.76 | 4,37,000 | 20,81,000 | 282 |
| Retail | 4.26 | 10,18,000 | 43,36,000 | 4,336 |
| Total | 4.61 | 20,37,000 | 93,87,000 | 4,626 |
Total Application : 4,626
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Manger fees (inclusive underwriting commission) | 1.88 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.24 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.06 |
| 5 | Payment for Printing & Stationery, Postage etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.15 |
| 7 | Others, if any (Fees payable for Marketing & distribution expenses, Sponsor Bank/Banker(s) to the Issue, Selling Commission, Brokerage, depositories, Processing Fees and Miscellaneous Expenses) | 1.22 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹123.00 |
| Open | ₹123.00 |
| Low | ₹116.85 |
| High | ₹123.00 |
| Last Trade | ₹116.85 |
Lead Manager Reports
Readymix Construction Machinery IPO is a SME IPO of 30,62,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹123 per share. The minimum order quantity is 1000.
The IPO opens on Thu, Feb 6, 2025, and closes on Mon, Feb 10, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Readymix Construction Machinery IPO using UPI as a payment gateway. Zerodha customers can apply in Readymix Construction Machinery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Readymix Construction Machinery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Readymix Construction Machinery IPO opens on Thu, Feb 6, 2025 and closes on Mon, Feb 10, 2025.
Readymix Construction Machinery IPO lot size is 1000, and the minimum amount required for application is ₹1,23,000.
You can apply in Readymix Construction Machinery IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Readymix Construction Machinery IPO will be done on Tuesday, February 11, 2025, and the allotted shares will be credited to your demat account by Wed, Feb 12, 2025. Check the Readymix Construction Machinery IPO allotment status.
The Readymix Construction Machinery IPO listing date is on Thu, Feb 13, 2025.
