Readymix Construction Machinery Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Readymix Construction Machinery Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹123
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,23,000
Issue Size
₹37.66 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Readymix Construction Machinery Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.06%
Issue Type
Book Building - SME
ISIN
INE10QL01011
About the Company
We are an engineering-led company, offering engineering solutions for design, development, fabrication and installation of various plant & machineries along with related equipments like Dry Mix Mortar Plant, Support equipment for Readymix Concrete Plant, Highcapacity Silos, Artificial Sand Plants (Crusher), Wall Putty Plants, Other Customized Projects etc., catering to industrial requirements of various industries like cement, concrete, crushing, construction and building materials etc. We also provide complete end-to-end turnkey solutions from conceptualization, development, fabrication, assembling, testing, logistic support, final erection and installation of various plant & machineries along with related equipments at customer's site and other incidental and allied activities related therewith along with after sales services which includes repair & maintenance services.
Industry Overview
Market size for the Indian Construction Equipment Market stood at US$ 7.2 billion in FY23 and is forecasted to grow at a CAGR of 15% for next five years, as per the estimates of CII. The construction equipment industry is expected to sell 165,097 units by 2028. The machine tools market is expected to reach US$ 2.5 billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-28. India's earthmoving and construction equipment (ECE) industry has enjoyed strong growth over the last seven years due to rapid economic development, and it has become the third largest construction equipment market in the world. Construction Equipment sales grew by 26% YoY to 135,650 units in FY24. With development of infrastructure, demand for construction equipment and other machinery is expected to rise significantly.
Company History
Our Company was originally incorporated as a private limited Company under the name "Readymix Construction Machinery Private Limited" on January 24, 2012 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Pune ("RoC"), bearing CIN: U29248PN2012PTC142045. Thereafter on July 31, 2012, our Company took over the business of partnership firm, Readymix Construction Machinery. Thereafter, our Company was converted into a public limited company, pursuant to a special resolution passed by our Shareholders at the Extra Ordinary General Meeting held on June 21, 2024 and consequently, the name of our Company was changed from `Readymix Construction Machinery Private Limited' to `Readymix Construction Machinery Limited' and a fresh certificate of incorporation consequent upon conversion to public company was issued by the Registrar of Companies, Central Processing Centre on August 02, 2024. Our Company's Corporate Identity Number is U29248PN2012PLC142045.
Products & Services
- The Company is an engineering-led company, offering engineering solutions for design, development, fabrication and installation of various plant & machineries along with related equipm. like Dry Mix Mortar Plant, Support equip. for Readymix Concret Plant
Growth Strategy
- Expansion of our geographical footprint.
- Continue to enhance our core strengths by attracting, retaining and training qualified personnel and process up gradation.
- Continue to strengthen our existing portfolio and further diversify it.
- Cost effective production and timely fulfilment of orders.
- Scale up branding and promotional activities.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 30,62,000 equity shares of face value of Rs. 10/- each (the equity shares) of Readymix Construction Machinery Limited (the company or the issuer) at an issue price of Rs. 123 per equity share (including share premium of Rs. 113 per equity share) for cash, aggregating up to Rs. 37.66 crores (public issue) out of which 1,54,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 123 per equity share for cash, aggregating Rs. 1.89 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of 29,08,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 123 per equity share for cash, aggregating upto Rs. 35.77 crores is herein after referred to as the net issue. The public issue and net issue will constitute 27.94% and 26.54% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 123 per equity share of face value of Rs. 10 each. The Floor price and Cap price is 12.3 times the face value of the equity shares respectively. Bids can be made for a minimum of 1000 equity shares and in multiple of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- We offer a diversified range of Products.
- Catering to wide range of industries.
- Dedicated after-sales network.
- Established relationships with customers across various geographical locations.
- Experienced Promotors & Management team backed by design and development team.
- 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.
- 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.
- 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.
- 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.
- 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.