The Readymix Construction Machinery IPO is scheduled to open for subscription on February 6, 2025, and will close on February 10, 2025. It is a book-built issue aiming to raise approximately ₹37.66 crores entirely through a fresh issue of 30.62 lakh equity shares, each with a face value of ₹10. The price band has been fixed at ₹121 to ₹123 per share.
The quota allocation includes 35% for retail investors, 50% for QIBs (Qualified Institutional Buyers), and 15% for HNIs (High Net-Worth Individuals). The minimum investment for retail investors is ₹1,23,000 for a lot size of 1,000 shares, while HNIs are required to invest a minimum of ₹2,46,000 for 2 lots (2,000 shares).
The allotment of shares is expected to be finalized on February 11, 2025, and the IPO is tentatively scheduled to list on the NSE SME platform on February 13, 2025.
Financially, the company has shown strong growth, with revenue increasing from ₹55.01 crores in 2023 to ₹69.84 crores in 2024. Profits also saw a significant rise, from ₹2.78 crores in 2023 to ₹9.28 crores in 2024. Given these robust financials, the IPO presents a promising opportunity for long-term investors.
Overview of Contents
Readymix Construction Machinery IPO Overview
| Parameter | Details |
|---|---|
| Subscription Period | February 6, 2025 – February 10, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹121 – ₹123 per share |
| Total Issue Size | 30,62,000 shares (₹37.66 Cr) |
| Fresh Issue | 30,62,000 shares (₹37.66 Cr) |
| Offer for Sale (OFS) | Not applicable |
| Issue Structure | Book Built Issue |
| Minimum Lot Size | 1,000 shares |
| Retail Investor Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 15% |
| Market Maker Portion | 1,54,000 shares |
| Listing Platform | NSE SME |
| Tentative Listing Date | 13 Feb |
| Pre-Issue Shareholding | 78,96,500 shares |
| Post-Issue Shareholding | 1,09,58,500 shares |
| DRHP | Click here |
| RHP | Click here |
Readymix Construction Machinery IPO Market Lot
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,23,000 |
| Retail (Max) | 1 | 1000 | ₹1,23,000 |
| HNI (Min) | 2 | 2,000 | ₹2,46,000 |
Readymix Construction Machinery IPO Dates
| Event | Scheduled Date |
|---|---|
| Opening of Subscription | 6th February 2025 (Thursday) |
| Closing of Subscription | 10th February 2025 (Monday) |
| Basis of Allotment Finalization | 11th February 2025 (Tuesday) |
| Initiation of Refunds | 12th February 2025 (Wednesday) |
| Shares Credited to Demat | 12th February 2025 (Wednesday) |
| Expected Listing Date | 13th February 2025 (Thursday) |
About Readymix Construction Machinery IPO
Readymix Construction Machinery Limited, incorporated in 2012, is a leading manufacturer and supplier in the construction equipment industry. Headquartered in Pune, the company specializes in designing, developing, fabricating, and installing a wide range of construction machinery, including Dry Mix Mortar Plants, concrete plant support systems, high-capacity silos, artificial sand plants, and wall putty plants. With a strong focus on quality and efficiency, Readymix Construction Machinery provides turnkey solutions, from conceptualization to installation, along with comprehensive after-sales support such as maintenance and repair services.
The company’s expertise extends beyond manufacturing, offering business consultancy services that include design, engineering, technology solutions, installation support, and recipe optimization to enhance efficiency and reduce costs. Supported by a team of skilled engineers and technicians, Readymix Construction Machinery is dedicated to delivering innovative and reliable solutions tailored to the needs of the construction sector.
Financially, the company has demonstrated strong growth, reporting a revenue increase from ₹55.01 crores in 2023 to ₹69.84 crores in 2024, while its profit surged from ₹2.78 crores to ₹9.28 crores during the same period. This steady financial performance reflects its commitment to quality and customer satisfaction.
Readymix Construction Machinery’s competitive strengths lie in its diversified product portfolio, extensive industry reach, well-established customer relationships, and a dedicated after-sales network. Backed by experienced promoters and a skilled management team, the company continues to expand its presence across various geographical locations while maintaining a strong focus on innovation and excellence. As of December 31, 2024, the company employs 114 professionals, further strengthening its capabilities in delivering high-quality construction solutions.