Alice Blue Home
URL copied to clipboard
Readymix Construction IPO English
English

1 min read

Readymix Construction IPO Review 

Readymix Construction Machinery Limited is coming up with an IPO with a fresh issue of 30,62,000 shares worth INR 37.66 crores. The company aims to repay borrowings, meet working capital needs, and fund general corporate purposes. 

Readymix Construction IPO – Important Dates 

Readymix Construction Machinery Limited IPO DateFebruary 6, 2025 to February 10, 2025
Readymix Construction Machinery Limited IPO Listing DateFebruary 13, 2025 
Readymix Construction Machinery Limited IPO PriceINR 121-123 per share 
Readymix Construction Machinery Limited IPO Lot Size1,000 shares
Readymix Construction Machinery Limited IPO Total Issue SizeINR 37.66 crores 
Readymix Construction Machinery Limited IPO Basis of AllotmentFebruary 11, 2025
Readymix Construction Machinery Limited IPO Initiation of RefundsFebruary 12, 2025
Readymix Construction Machinery Limited IPO Credit of Shares to DematFebruary 12, 2025
Readymix Construction Machinery Limited IPO Issue TypeBook Built Issue IPO
Readymix Construction Machinery Limited IPO Listing AtNSE SME 

Read more about Readymix Construction Machinery Limited IPO GMP

Readymix Construction Machinery Limited IPO – Company Profile 

Readymix Construction Machinery Limited provides engineering solutions for designing, fabricating, and installing industrial plants, offering turnkey solutions, after-sales maintenance, business consultancy, automation, and recipe consultancy to enhance efficiency and performance. 

Established as a partnership in 2009 and incorporated in 2012, Readymix Construction Machinery Limited expanded from providing support equipment to offering complete engineering solutions, including plant design, fabrication, installation, and consultancy services. 

With a strong design and R&D team, Readymix Construction Machinery Limited leverages advanced software to create customised solutions, serving 200+ customers across India and Nepal with innovative engineering and manufacturing excellence. 

Readymix Construction Machinery IPO Fundamental Analysis 

Readymix Construction Machinery Limited’s financial analysis reveals a mixed performance. Revenue has grown, but profitability, EPS, and RoNW have declined. Increased debt reliance and lower inventory turnover indicate financial challenges despite business expansion and improved liquidity. 

  • Revenue Trend: The revenue increased from ₹5,499.51 lakhs in March 2023 to ₹6,979.36 lakhs in March 2024. The revenue for the current year’s 9-month period ending December 2024 is INR 3,548.86 lakhs. 
  • Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 
  • Profitability: The profit after tax (PAT) has significantly decreased from ₹277.95 lakhs in March 2023 to ₹104.41 lakhs by December 2024. This decline in profitability could be a source of concern among investors. 
  • Earnings per Share (EPS): The diluted EPS has reduced from ₹3.52 in March 2023 to ₹1.32 by December 2024, reflecting lower earnings per share for investors. 
  • Return on Net Worth (RoNW): The RoNW has reduced from 29.49% to 5.27%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
  • Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 
  • Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover   Ratio, which might suggest slower sales or inefficient inventory management. 

Readymix Construction IPO Financial Analysis 

ParticularAs of 31 March 2023As of 31 March 2024As of 31 December 2024
Revenue (₹ in lakhs)5,499.516,979.363,548.86
Equity (₹ in lakhs)942.521,875.261,979.67
Expenses (₹ in lakhs)5,128.965,752.183,400.57
Profit and Loss After Tax (₹ in lakhs)277.95928.48104.41
Diluted EPS only (₹)3.5211.761.32
Return on Net Worth (%)29.4949.515.27
NAV per Equity Share (₹)11.9423.7525.07
Total Assets (in lakhs)3,215.543,896.645,243.04
Total Liabilities (in lakhs)2,273.012,021.393,263.27
Debt Equity Ratio 0.810.420.84
Current Ratio (in times) 1.341.751.52
Inventory Turnover Ratio2.602.891.32

Readymix Construction Machinery Limited IPO Peer Comparison 

No listed companies in India are engaged in a business similar to Readymix Construction Machinery Limited. Accordingly, it is impossible to provide an industry comparison concerning the company. 

Readymix Construction Machinery IPO Objective 

The main objective of Readymix Construction Machinery Limited is to repay or prepay borrowings and meet working capital requirements, ensuring financial stability, supporting business operations, and enabling sustainable growth and expansion in the industry. 

  1. Repayment and/or pre-payment, in whole or part, of borrowing availed by the company: The company intends to utilise INR 5.25 crores to repay or prepay borrowings from IndusInd Bank, reducing debt, lowering servicing costs, improving the debt-equity ratio, and enhancing financial flexibility for future growth and expansion. 
  1. To Meet Working Capital Requirement: The company plans to utilise INR 24.05 crores from the Net Proceeds to fund working capital needs, including trade receivables, inventories, and trade payables, while meeting additional requirements through borrowings as needed for business expansion. 
  1. General Corporate Purpose: The company will deploy the balance of funds for general corporate purposes, including operating expenses, project development, business expansion, marketing, unforeseen exigencies, and strengthening business capabilities to support long-term growth and sustainability. 

Take Your Shot at the Next Big IPO

Readymix Construction IPO Risks And Challenges 

Readymix Construction Machinery Limited’s risk includes supply disruptions, price fluctuations, design inefficiencies, competitor advancements, and quality defects, which could impact production, profitability, competitiveness, and reputation, ultimately affecting overall financial stability and business operations. 

  • The company relies on various suppliers for raw materials, primarily from Maharashtra. Supply disruptions, price fluctuations, or delayed payments to vendors, including MSMEs, could impact production, profitability, and financial stability, affecting overall business operations. 
  • The company’s in-house design and engineering teams ensure efficient product development, but inaccuracies in estimates, design inefficiencies, or competitors’ advancements could impact profitability, competitiveness, and financial stability. 
  • The company ensures high-quality, customised machinery, but defects or failure to meet specifications could lead to order cancellations, liability costs, and reputational damage, adversely impacting operations and financial performance. 

Readymix Construction Machinery IPO – Industry & Market Potential 

India’s manufacturing sector, contributing 17% to GDP, is set to grow with digital transformation, automation, and government initiatives like the National Manufacturing Policy and PLI scheme, aiming for a 25% GDP contribution by 2025. 

The Indian cement industry, which reached 3.96 billion tonnes in 2023, is projected to grow at a CAGR of 4.7%, reaching 5.99 billion tonnes by 2032. Cement demand is expected to grow 6-7% in FY25. 

India’s construction equipment market, valued at US$ 7.2 billion in FY23, is forecast to grow at a 15% CAGR, with sales expected to reach 165,097 units by 2028. The machine tools market is projected to reach US$ 2.5 billion by 2028. 

Readymix Construction Machinery Limited IPO – Type of Offer 

Readymix Construction Machinery Limited is coming up with an IPO with a fresh issue of 30,62,000 shares worth INR 37.66 crores. The company aims to repay borrowings, meet working capital needs, and fund general corporate purposes. 

Readymix Construction IPO Offer Size 

The offer size of Readymix Construction Machinery Limited is INR 37.66 crores, consisting of a fresh issue of 30,62,000 shares. The company aims to repay borrowings, meet working capital needs, and fund general corporate purposes. 

Readymix Construction Machinery Limited IPO Allotment Structure 

Readymix Construction Machinery Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 1,54,000 shares are reserved for market makers. 

Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

Market Maker Reservation: A portion of shares, i.e. 1,54,000 shares, are reserved for market makers. 

How to apply for Readymix Construction Machinery IPO?

To apply for the Readymix Construction Machinery Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

  1. Check for IPO Details: Once your account is active, you can check for the Readymix Construction Machinery Limited IPO details in the IPO section of the Alice Blue platform.
  2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Readymix Construction Machinery Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Readymix Construction Machinery IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

  1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
  2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  4. Select the Readymix Construction Machinery Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Readymix Construction Machinery Limited IPO.
  5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Readymix Construction Machinery Limited IPO:

Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Readymix Construction Machinery Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Readymix Construction Machinery Ltd IPO Offer Registrar

The registrar for the Readymix Construction Machinery Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

BIGSHARE SERVICES PRIVATE LIMITED

S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves

Road, Andheri (East) 

Mumbai-400093, Maharashtra, India.

Telephone: +91-22 6263 8200

Email: [email protected]

Website: www.bigshareonline.com 

Readymix Construction IPO – FAQs 

1. What is the allotment date of the Readymix Construction IPO? 

The allotment date of the Readymix Construction is February 11, 2025. 

2. What is the price band of the Readymix Construction IPO? 

The price band of the issue is INR 121-123 per share. 

3. What is the size of the Readymix Construction IPO? 

The offer size of Readymix Construction Machinery Limited is INR 37.66 crores, consisting of a fresh issue of 30,62,000 shares. The company aims to repay borrowings, meet working capital needs, and fund general corporate purposes. 

4. What is the listing date of the Readymix Construction IPO? 

The listing date of the Readymix Construction is February 13, 2025. 

5. Where is the Readymix Construction IPO Getting Listed? 

Readymix Construction is getting listed on the National Stock Exchange (NSE) and Small Medium Exchange (SME). 

6. What are the open and close dates of the Readymix Construction Machinery Ltd IPO? 

The open and close dates of the Readymix Construction Machinery Ltd are February 6, 2025, to February 10, 2025. 

7. How to apply for Readymix Construction Machinery IPO in Alice Blue? 

To apply for the Readymix Construction Machinery Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid, submit the application, and check allotment status afterwards. Allotment depends on IPO demand and is not guaranteed. 

8. Who is the Book Runner for the Readymix Construction IPO? 

The Book Runner for the Readymix Construction is HEM SECURITIES LIMITED. 

All Topics

READY FOR

NEW IPO'S ?

Get your Demat Account
and Apply For IPOs At "Free Of Cost"