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Readymix Construction Machinery Ltd

Engineering

Offer Period :

6th to 10th Feb 2025

Readymix Construction Machinery Ltd IPO Details

IPO Date 6th to 10th Feb 2025 Minimum Investment ₹123000 / 1 Lots
Listing Date 2025-02-13 Maximum Investment ₹123000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹37.66 Crores
Price ₹123 to ₹123 per share Fresh Issue ₹37.66 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 7896500 Shares
Issue Type Book Building - SME Shareholding Post Issue 10958500 Shares
IPO Date 6th to 10th Feb 2025
Listing Date 2025-02-13
Face Value ₹10 per share
Price ₹123 to ₹123 per share
Lot Size 1 Lots (1000 Shares)
Listing At NSE-SME
Total Issue Size ₹37.66 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹123000 / 1 Lots
Maximum Investment ₹123000 / 1 Lots
Fresh Issue ₹37.66 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 7896500 Shares
Shareholding Post Issue 10958500 Shares

About Readymix Construction Machinery Ltd IPO

Founding Head: 2012

Managing Director: Anand Suresh Watve

READYMIX CONSTRUCTION MACHINERY LIMITED Timeline

Important dates for allocation and IPO listing.

6th Feb

IPO Opens

10th Feb

IPO Close

11th Feb

Allotment Date

12th Feb

Initiation of Refund

12th Feb

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 72.06
Public Group 0 27.94

Readymix Construction Machinery Ltd IPO Reservation

QIB Shares Offered 582000(19.01%)
NII (HNI) Shares Offered 437000(14.27%)
Retail Shares Offered 1018000(33.25%)
Anchor Investor Shares Offered 871000(28.45%)
Total Shares Offered 3062000
Total Shares With Anchor Investor 3062000

Readymix Construction Machinery Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 ₹123000
Retail (Max) 1 1000 ₹123000
S HNI (Min) 2 2000 ₹246000
S HNI (Max) 8 8000 ₹984000
B HNI (MIN) 9 9000 ₹1107000

Readymix Construction Machinery Ltd IPO Anchor Investor Details

Bid Date 05 February 2025
Shares Offered 0
Anchor Portion Size 0

Readymix Construction Machinery Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91-22 6263 8200
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Readymix Construction Machinery Ltd IPO Lead Manager

1. Hem Securities Ltd

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Readymix Construction Machinery Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹18.75 ₹9.43 ₹6.63
Reserves and Surplus ₹18.29 ₹8.96 ₹6.17
Total Borrowing ₹7.9 ₹7.6 ₹4.68

Readymix Construction Machinery Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 582000 2970000 5.1031
Non Institutional Investors (NIIs) 437000 2235000 5.1144
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 437000 0 0
Retail Individual Investors (RIIs) 1018000 4336000 4.2593
Total 2191000 9541000 4.3546

Strength of Readymix Construction Machinery Ltd

1. We offer a diversified range of Products.

2. Catering to wide range of industries.

3. Dedicated after-sales network.

4. Established relationships with customers across various geographical locations.

5. Experienced Promotors & Management team backed by design and development team.

Risks Involved

1. The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for its products may adversely affect the company business, results of operations, cash flows and financial condition.

2. Its business is dependent on the sale of the company products to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

3. Its business is substantially dependent on the company design and engineering teams to accurately carryout the estimates and engineering studies for potential orders The inability of its design and engineering team to design the company product in an efficient manner may lead to reduced margins.

4. The company is subject to strict quality requirements, customer inspections and audits, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its reputation and the company business and results of operations and future prospects.

5. The company is pivoting towards sale of Dry Mix Mortar Plant for achieving high margins, from sales of support equipment of Readymix Concrete Plant, which was its highest selling product till FY 2022-23. Any decline in the sales of Dry Mix Mortar Plant in future could have an adverse effect on its business, results of operations and financial condition.

6. Its may be subject to risks associated with product warranty.

7. The company generate its major portion of turnover from its operations in certain geographical regions and any adverse developments affecting the company operations in these regions could have an adverse impact on its revenue and results of operations.

8. Its historical performance is not indicative of the company future growth or financial results and its may not be able to sustain the company historical growth rates.

9. Its reliance on Steel industry for purchase of the company major components could have an adverse effect on its business.

10. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of the company operations.

Why should you invest in

-

Readymix Construction Machinery Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

READYMIX CONSTRUCTION MACHINERY LIMITED IPO Contact Details

Readymix Construction Machinery Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-02-13 94025 READYMIX
INE10QL01011
₹123 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹123 ₹123
Open ₹0 ₹123
Low ₹0 ₹116.85
High ₹0 ₹123
Low ₹0 ₹116.85

Frequently Asked Questions

What is Readymix Construction Machinery Ltd IPO?

Answer Field

Readymix Construction Machinery Ltd IPO is a SME IPO of 30,62,000 equity shares of a face value of ₹10 aggregating up to ₹37.66 Crores. The issue is priced at ₹123 to ₹123 per share. The minimum order quantity is 1000 Shares. The IPO opens on February 06, 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.

When Readymix Construction Machinery Ltd IPO will open?

Answer Field

The Readymix Construction Machinery Ltd IPO opens on February 06, 2025 and closes on February 10, 2025.

What is the lot size of Readymix Construction Machinery Ltd?

Answer Field

Readymix Construction Machinery Ltd lot size is 1000 shares, and the minimum amount required is ₹1,23,000.

How to apply for Readymix Construction Machinery Ltd IPO?

Answer Field

You can apply in Readymix Construction Machinery Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Readymix Construction Machinery Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Readymix Construction Machinery Ltd IPO will be done on February 11, 2025, and the allotted shares will be credited to your demat account by February 12, 2025.

When is Readymix Construction Machinery Ltd IPO listing date?

Answer Field

The Readymix Construction Machinery Ltd listing date is February 13, 2025.

Who is the registrar of Readymix Construction Machinery Ltd IPO?

Answer Field

The registrar of Readymix Construction Machinery Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Readymix Construction Machinery Ltd IPO?

Answer Field

The fresh issue size is ₹37.66 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Readymix Construction Machinery Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,23,000 amount.

How can I approve the UPI mandate request for Readymix Construction Machinery Ltd IPO?

Answer Field

To apply for Readymix Construction Machinery Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Readymix Construction Machinery Ltd?

Answer Field

The price of each Readymix Construction Machinery Ltd share will be ranging in between ₹123 to ₹123 per share.

What is the cut-off time for the UPI mandate for Readymix Construction Machinery Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 10, 2025.

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