Readymix Construction Machinery IPO

Readymix Construction Machinery Ltd

₹1,21,000 /1000 sharesMinimum Investment

Readymix Construction Machinery IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹123.00₹123.00₹0.00 (0.00%)

Readymix Construction Machinery IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
6 Feb ‘25 - 10 Feb ‘25₹1,21,0001,000₹121 - ₹123
Issue SizeIPO Doc
37.66Cr
RHP PDF

Subscription rate

As of 10 Feb'25, 05:00 PM
Qualified Institutional Buyers1.96x
Non-Institutional Investor1.94x
Retail Individual Investor2.54x
Total2.09x

About Readymix Construction Machinery

Readymix Construction Machinery provides engineering solutions for designing, developing, fabricating, and installing various types of plant and machinery. The company caters to industries such as cement, concrete, crushing, construction, and building materials by offering equipment including dry mix mortar plants, support equipment for ready-mix concrete plants, high-capacity silos, artificial sand plants (crushers), wall putty plants, and other customised projects. In addition to manufacturing, the company delivers turnkey solutions, handling everything from conceptualisation and development to fabrication, assembly, testing, logistics, final erection, and installation of various plants and machinery along with related equipment at customer sites. The company also offers after-sales support, including repair and maintenance services. Readymix Construction Machinery also provides annual maintenance services, addressing wear and tear, software updates, and scheduled inspections. Additionally, it offers business consultancy services, assisting clients with innovative design, engineering, technology, and operational challenges. Use of proceeds: The issue is a fresh issue of shares and the proceeds will be utilised towards: Repayment or prepayment, either fully or partially, of the company's existing borrowings. Funding working capital requirements. General corporate purposes.;
Founded in
2012
Managing director
Mr. Anand Suresh Watve
Parent organisation
Readymix Construction Machinery Ltd

Strengths & Financials of Readymix Construction Machinery

Strengths
Risks
The company utilises Siemens Solid Edge Software and ARES Standard AutoCAD Software for design and development.
The company’s customer support team handles on-site training, machine installation, operational software troubleshooting, and spare parts replacement. It also provides annual maintenance services for machine repair and upkeep.
The company generates revenue from multiple regions across India, with a small portion coming from Nepal.
The company has registered a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 47.82 crore in FY22 to Rs 54.99 crore in FY23 to Rs 69.79 crore in FY24. PAT increased from Rs 1.33 crore in FY22 to Rs 2.78 crore in FY23 to Rs 9.28 crore in FY24.

Readymix Construction Machinery Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Readymix Construction Machinery IPO

Apply asPrice bandApply upto
Regular121 - 123₹2 Lakh
High Networth Individual121 - 123₹2 - 5 Lakh
For Readymix Construction Machinery IPO, eligible investors can apply as Regular.
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