Readymix Construction Machinery IPO

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.;