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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 ₹123.00 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 investment for 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 Date | February 6, 2025 to February 10, 2025 |
| Listing Date | February 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹123 per share |
| Issue Price Final | ₹123 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,62,000 shares (aggregating up to ₹37.66 Cr) |
| Reserved for Market Maker | 1,54,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.89 Cr) |
| Net Offered to Public | 29,08,000 shares (aggregating up to ₹35.77 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,96,500 shares |
| Share Holding Post Issue | 1,09,58,500 shares |
Readymix Construction Machinery IPO offers total 30,62,000 shares. Out of which 14,53,000 (47.45%) allocated to QIB, 5,82,000 (19.01%) allocated to QIB (Ex- Anchor), 4,37,000 (14.27%) allocated to NII, 10,18,000 (33.25%) allocated to RII and 8,71,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,54,000 (5.03%) |
| QIB Shares Offered | 14,53,000 (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 (14.27%) |
| Retail Shares Offered | 10,18,000 (33.25%) |
| Total Shares Offered | 30,62,000 (100.00%) |
Readymix Construction Machinery IPO raises ₹10.71 crore from anchor investors. Readymix Construction Machinery IPO Anchor bid date is February 5, 2025. Readymix Construction Machinery IPO Anchor Investors list
| Bid Date | February 5, 2025 |
| Shares Offered | 8,71,000 |
| Anchor Portion Size (In Cr.) | 10.71 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2025 |
Readymix Construction Machinery IPO opens on February 6, 2025, and closes on February 10, 2025.
| IPO Open Date | Thu, Feb 6, 2025 |
| IPO Close Date | Mon, Feb 10, 2025 |
| Tentative Allotment | Tue, Feb 11, 2025 |
| Initiation of Refunds | Wed, Feb 12, 2025 |
| Credit of Shares to Demat | Wed, Feb 12, 2025 |
| Tentative Listing Date | Thu, Feb 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 10, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 35.5 | 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 |
| Reserves and Surplus | 11.9 | 18.29 | 8.96 | 6.17 |
| Total Borrowing | 16.68 | 7.9 | 7.6 | 4.68 |
| Amount in ₹ Crore | ||||
The market capitalization of Readymix Construction Machinery IPO is ₹134.79 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 11.76 | 1.27 |
| P/E (x) | 10.46 |
The Company intend to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] RCML is engaged in providing engineering solutions for various industries along with related services. It is also offering AMC to its customers post supply of plants/machinery etc. The company marked steady growth in its top lines for the reported periods. The sudden boost in its earnings for FY24 raises eyebrows and concern over its sustainability. Based on FY25 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this risky bet. Read detail review...
| Listing Date | February 13, 2025 |
| BSE Script Code | |
| NSE Symbol | READYMIX |
| ISIN | INE10QL01011 |
| Final Issue Price | ₹123 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹123.00 |
| Open | ₹123.00 |
| Low | ₹116.85 |
| High | ₹123.00 |
| Last Trade | ₹116.85 |
Readymix Construction Machinery Ltd.
Office No. 401, 3rd and 4th Floor, Plot No. 209,
Survey No. 96/2B, Paud Road, Right Bhusari Colony,
Kothrud
Pune, Maharashtra, 411038
Phone: +91-20-25289212
Email: cs@rcmpl.co.in
Website: http://www.rcmpl.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Readymix Construction Machinery IPO is a SME IPO of 30,62,000 equity shares of the face value of ₹10 aggregating up to ₹37.66 Crores. The issue is priced at ₹123 per share. The minimum order quantity is 1000.
The IPO opens on February 6, 2025, and closes on February 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 February 6, 2025 and closes on February 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 Wednesday, February 12, 2025. Check the Readymix Construction Machinery IPO allotment status.
The Readymix Construction Machinery IPO listing date is on Thursday, February 13, 2025.
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