Readymix Construction IPO
- IPO Date06 Feb, 2025 to 10 Feb, 2025
- Listing Date13 Feb, 2025
- Face Value₹10 per share
- Issue Price₹121 to ₹123 per share
- Lot Size1000 Shares
- Minimum Investment₹1,23,000
- Listing AtNSE SME
- Total Issue Size30,62,000 Shares
(aggregating up to ₹37.66 Cr) - Fresh Issue30,62,000 Shares
(aggregating up to ₹37.66 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue78,96,500
- Shareholding post issue1,09,58,500
IPO Dates
Closing Date
10 Feb, 2025
Initiation of Refunds
12 Feb, 2025
Listing Date
13 Feb, 2025
06 Feb, 2025
Opening Date
11 Feb, 2025
Basis of Allotment
12 Feb, 2025
Credit of Shares
Readymix Construction Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,23,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,23,000 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,46,000 |
Readymix Construction Promoter Holding
Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb and Shubhangi Rohit Deo are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.06% |
Readymix Construction COMPANY INFORMATION
Readymix Construction IPO is a book built issue of Rs 37.66 crores. The issue is entirely a fresh issue of 30.62 lakh shares. Readymix Construction IPO opens for subscription on February 6, 2025 and closes on February 10, 2025. The allotment for the Readymix Construction IPO is expected to be finalized on Tuesday, February 11, 2025. Readymix Construction IPO will list on NSE SME with tentative listing date fixed as Thursday, February 13, 2025. Readymix Construction IPO price band is set at ₹121 to ₹123 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,23,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,46,000. Hem Securities Limited is the book running lead manager of the Readymix Construction IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Readymix Construction IPO is Hem Finlease Private Limited. Refer to Readymix Construction IPO RHP for detailed information.
Incorporated in 2012, Readymix Construction Machinery Limited is a multidisciplinary manufacturer and supplier in the construction equipment sector.
The company offers engineering solutions for designing, developing, fabricating, and installing plant machinery and equipment, including Dry Mix Mortar Plants, concrete plant support, silos, and customized projects.
The company provides end-to-end turnkey solutions, including conceptualization, development, fabrication, testing, installation, and after-sales services such as repair and maintenance for plant machinery and equipment.
The company offers business consultancy services, including design, engineering, technology solutions, equipment installation support, and recipe consultancy to optimize performance, reduce costs, and enhance efficiency.
Product Portfolio: The product portfolio comprises of various plant & machineries.
- Dry Mix Mortar Plant: Designed to produce pre-mixed mortar for construction applications like masonry, plastering, and tile fixing, enhancing strength and durability.
- Support Equipments for Readymix Concrete Plant: They provides concrete plants equipped with components like aggregate bins, storage silos, batching units, mixers, and conveyors for large-scale construction projects.
- High-capacity Silos: They provides high-capacity silos for storing bulk materials like gypsum, cement, and lime, ensuring a continuous supply and preventing project delays.
- Artificial Sand Plant: They provides artificial sand plants that process sand, removing impurities to produce high-quality sand for construction and other industries.
- Wall Putty Plant: They provides wall putty, a pre-mixed blend of cement, fillers, polymers, and additives, used for smooth finishes and crack filling.
- Service & Consultancy: Offers business consultancy services, including design, engineering, technology solutions, installation support, and recipe optimization for improved efficiency and performance.
As of December 31, 2024, the Company has 114 employees.
Competitive Strengths:
- 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
Readymix Construction Machinery IPO
IPO Overview and Key Highlights
Readymix Construction Machinery, a Pune-based company specializing in the manufacturing of construction equipment, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 30,62,000 equity shares with a face value of ₹10 each. The proceeds will be utilized for business expansion, working capital, and other corporate purposes. Shares will be listed on the SME Platform of NSE (NSE Emerge).
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 30,62,000 equity shares
- Face Value: ₹10 per share
- Offer Price: To be determined
- Offer Opens: February 6, 2025
- Offer Closes: February 10, 2025
- Listing Exchange: NSE Emerge
Company Overview
Incorporated in 2012, Readymix Construction Machinery specializes in the production of concrete batching plants, mixers, and construction machinery. The company offers comprehensive solutions to the construction industry, focusing on quality, innovation, and customer satisfaction. The promoters include Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb Kanikdale, and Shubhangi Rohit Deo.
Financial Overview
The company has demonstrated strong financial growth, driven by demand for construction equipment and infrastructure development in India. The IPO proceeds will help expand the company's manufacturing capacity and enhance working capital.
Key Strengths of Readymix Construction Machinery
- Diverse Product Portfolio: Offers a wide range of construction machinery and equipment.
- Strong Industry Presence: Over a decade of experience in the construction machinery sector.
- Experienced Promoters: Industry experts leading the company's strategic growth.
IPO Pros and Cons
Pros
- Sectoral Growth: Positioned in the growing infrastructure and construction sector.
- Proceeds Utilization: Focused on capacity expansion and operational efficiency.
- Established Brand: Recognized for high-quality construction equipment.
Cons
- Market Dependency: Revenue closely tied to the construction industry's performance.
- Competitive Landscape: Faces competition from domestic and international players in the machinery sector.
- Regulatory Risks: Compliance with industry-specific and environmental regulations.
Risk Factors
Potential investors should consider the following risks:
- Economic Sensitivity: Revenue linked to the health of the infrastructure sector.
- Operational Challenges: Scaling operations while maintaining product quality.
- Regulatory Compliance: Adherence to environmental and industry standards.
Conclusion
The Readymix Construction Machinery IPO offers an opportunity to invest in a company with a strong foothold in the construction machinery sector. With experienced promoters, a diverse product range, and a focus on quality, the company is well-positioned for future growth. However, investors should carefully assess risks related to market dependency, competition, and regulatory compliance before making an investment decision.
FAQs About Readymix Construction Ipo
Readymix Construction IPO will open on 06 Feb, 2025 and close on 10 Feb, 2025. Investors must apply within this period to participate.
The Readymix Construction IPO price band is set between ₹121.00 and ₹123.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹123000.00.
The Readymix Construction IPO shares are expected to be listed on 13 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Readymix Construction IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Readymix Construction IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.