Readymix Construction IPO Details
The key details of Readymix Construction’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹37.66 Cr |
| Price Range | ₹121 - ₹123 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹1,23,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Readymix Construction IPO Timelines
The IPO process for Readymix Construction includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
06/02/2025
Start Date10/02/2025
End Date12/02/2025
Refund Initiation12/02/2025
Credit of Shares to Demat Ac13/02/2025
Listing DateReadymix Construction IPO Lot Size
The Readymix Construction IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹123 per share, requiring ₹123,000 per lot for retail investors. For HNI investors, the minimum application is 2,000 shares (2 lots) amounting to ₹246,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,23,000 |
| Retail Maximum | 1 | 1000 | ₹1,23,000 |
| HNI Minimum | 2 | 2000 | ₹2,46,000 |
Readymix Construction IPO Subscription Status
The subscription status for Readymix Construction IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 5.10x | 4.76x | 4.26x | -- | 4.61x |
IPO Performance on Listing Day
On the listing day (February 13, 2025), Readymix Construction made a flat debut on the stock exchange. The stock opened at ₹123, at par with its issue price. During the trading session, while unable to trade above its opening price, the stock faced selling pressure that pulled it down to ₹116.85. The shares ended their first trading day at ₹116.85, recording a decline of 5% from the issue price, suggesting a cautious market response to this construction materials provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹123 | ₹116.85 | ₹123 | ₹116.85 |
Readymix Construction IPO Company Financials
Readymix Construction reports robust performance in FY2024 with Total Income of ₹69.84 crores, managing expenses at ₹57.52 crores, and achieving a strong PAT (Profit After Tax) of ₹9.28 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹47.83 | ₹46.00 | ₹1.33 |
| FY 2023 | ₹55.01 | ₹51.29 | ₹2.78 |
| FY 2024 | ₹69.84 | ₹57.52 | ₹9.28 |
About Company
Readymix Construction Machinery Limited (RMX), founded in 2008 in Pune, is a leading manufacturer and supplier in the construction equipment sector. The company specializes in a wide range of products, including construction machinery and customized solutions tailored to the specific needs of the construction industry. RMX is known for its commitment to quality, innovation, and the efficient design of construction machinery, such as Dry Mix Mortar Plants, Wall Putty Plants, and Plaster Sand Plants, along with essential support equipment for concrete batching plants.
In addition to providing high-quality products, RMX emphasizes strong after-sales support and services to ensure customer satisfaction. With a broad network of dealers and distributors across India, the company serves a diverse clientele in various regions. RMX is also dedicated to sustainability, focusing on reducing its environmental impact through energy-efficient technologies and promoting the use of recycled materials, helping create a more eco-friendly and sustainable construction industry.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2012 | Engineering | Anand Watve |
Know Before Investing
Readymix Construction IPO Strengths
- Readymix specializes in various construction machinery solutions, catering to a wide range of client needs in the construction industry.
- With a strong foundation since 2009, Readymix Construction Machinery Ltd. has built a reputable position in the construction machinery sector.
- The company has a healthy order book, indicating ongoing projects that support future revenue growth.
- The company invests in technology and innovation to enhance its product offerings and improve operational efficiency.
- The construction sector is poised for growth due to increasing infrastructure projects, positioning Readymix for sustained demand and expansion opportunities.
Readymix Construction IPO Risks
- The company relies on forming joint ventures for large projects; failure to manage these effectively could lead to financial losses.
- Past experiences of negative cash flows may affect future operations and investor confidence.
- Business operations are subject to seasonal and other fluctuations, which could impact cash flows and profitability.
- Instances of regulatory non-compliance in the past could lead to penalties and adversely affect the company’s reputation and operations.
- The construction industry is sensitive to economic conditions; downturns can significantly impact demand for services.
- The company has faced additional costs and delays in project completion, which may continue to affect profitability.
- A significant portion of revenue may come from a few major clients, increasing vulnerability to contract losses.
Swot Analysis for Readymix Construction IPO
Strengths
Established market presence, Innovative technology, Strong customer base
Weaknesses
High capital investment requirements, Limited product diversification, Regional dependence
Opportunities
Growing construction industry, Expansion into new markets, Increasing infrastructure projects
Threats
Intense competition, Fluctuating raw material costs, Economic downturn impacts
Company Details
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, Maharashtra, India
Website: http://www.rcmpl.co.in/
Phone: +91-20-25289212
Email: cs@rcmpl.co.in
IPO Registar Details
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,Makwana Road, Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
FAQs
The key objectives of Readymix Construction IPO are:
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General Corporate Purpose
Hem Securities Limited is the book-running lead managers for the Readymix Construction IPO.