Readymix Construction Machinery SME IPO Details, Financials, Valuation & Peers
Explore Readymix Construction Machinery IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Readymix Construction Machinery Limited is an engineering-led company specializing in providing end-to-end engineering solutions for the design, development, fabrication, and installation of a wide range of industrial plants and machinery. Established in 2012, the company evolved from its predecessor partnership firm, M/s Readymix Construction Machinery, founded in 2009. The company caters to various industries, including cement, concrete, crushing, construction, and building materials, offering customized solutions that enhance operational efficiency and reduce costs. Readymix Construction Machinery’s extensive product portfolio includes Dry Mix Mortar Plants, Artificial Sand Plants (Crusher), Wall Putty Plants, High-Capacity Silos, Support Equipment for Readymix Concrete Plants, and other tailor-made engineering projects. The company also provides turnkey project solutions, covering conceptualization, development, fabrication, testing, logistics, final installation, and after-sales services such as maintenance, upgrades, and repair. Additionally, Readymix offers Annual Maintenance Contracts (AMCs), Business Consultancy Services, and Recipe Consultancy Services to optimize plant performance and operational efficiency.
Key Points:
- Product Portfolio: Specializes in Dry Mix Mortar Plants, Artificial Sand Plants, Wall Putty Plants, High-Capacity Silos, Readymix Concrete Support Equipment, and customized engineering projects.
- Turnkey Solutions: Offers complete project lifecycle services, from design, fabrication, assembly, testing, and logistics to on-site installation and after-sales support.
- R&D Focus: Developed over 35 products in-house since FY 2022-23, enhancing margins through cost savings and increased customization capabilities.
- After-Sales Services: Provides Annual Maintenance Contracts (AMCs), plant operational software updates, and repair & maintenance services to ensure optimal equipment performance.
- Business & Recipe Consultancy: Offers expert consultancy on engineering design, operational improvements, and recipe optimization for industrial applications.
- Operational Presence: Headquartered in Pune with a modern fabrication unit at Chakan MIDC, Maharashtra.
- Global Reach: Strong domestic presence with international exports, notably to Nepal.
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General corporate purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 06 Feb - 10 Feb 2025 |
| IPO Price Band | ₹121 - ₹123 per share |
| Fresh Issue | 30,62,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹37.66 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 06 Feb 2025 |
| IPO Closing Date | 10 Feb 2025 |
| Basis Of Allotment | 11 Feb 2025 |
| Refunds | 12 Feb 2025 |
| Demat Transfer | 12 Feb 2025 |
| IPO Listing Date | 13 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| Total Income | 47.83 | 55.01 | 69.84 | 35.50 |
| Total Expenses | 46.00 | 51.29 | 57.52 | 34.01 |
| Net Profit/Loss | 1.33 | 2.78 | 9.28 | 1.04 |
| NPM (*) | 2.78 | 5.05 | 13.30 | 2.94 |
| Total Assets | 30.16 | 32.16 | 38.97 | 52.43 |
| Total Liabilities | 23.52 | 22.73 | 20.21 | 32.63 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| EPS | 1.68 | 3.52 | 11.76 | 1.32 |
| ROE (%) | 21.89 | 34.62 | 65.90 | 5.42 |
| ROCE (%) | 19.59 | 25.71 | 48.96 | 6.01 |
| D/E Ratio | 0.71 | 0.81 | 0.42 | 0.84 |
| Current Ratio | 1.33 | 1.34 | 1.75 | 1.52 |
| EBITDA MARGIN (%) | 4.94 | 8.33 | 19.57 | 8.26 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 5.01 |
| Non-Institutional Investor (NII/HNI) | 4.76 |
| Retail Individual Investor (RII) | 4.26 |
| Total | 4.61 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- Anand Suresh Watve
- Atul Jagannath Kulkarni
- Prashant Balasaheb Kanikdale
- Shubhangi Rohit Deo
Lead Managers
- HEM SECURITIES LIMITED
Company Address
Readymix Construction Machinery Limited
Office No. 401, 3rd and 4th Floor, Plot No. 209, Survey No. 96/2B, Paud Road, Right Bhusari Colony, Kothrud, Pune-411038, Maharashtra, India.
Phone: +91-20-25289212
Email: cs@rcmpl.co.in
Website: www.rcmpl.co.in
FAQs
- What is the issue size of the Readymix Construction Machinery SME IPO?The Readymix Construction Machinery SME IPO has an issue size of ₹37.66 crore. This includes a fresh issue of 30,62,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Readymix Construction Machinery IPO?The price band for the Readymix Construction Machinery IPO is ₹121 - ₹123 per share.
- What are the bidding dates for the Readymix Construction Machinery IPO?The Readymix Construction Machinery IPO will open for bidding on 06 Feb 2025 and close on 10 Feb 2025.
- What is the allotment date for the Readymix Construction Machinery IPO?The allotment date for the Readymix Construction Machinery IPO is 11 Feb 2025.
- What is the minimum lot size and investment required for the Readymix Construction Machinery IPO?The minimum lot size for the Readymix Construction Machinery IPO is 1000 shares and the minimum investment required is ₹1,23,000.
- What is the listing date for the Readymix Construction Machinery IPO?The listing date for the Readymix Construction Machinery IPO is 13 Feb 2025.
- What is the Readymix Construction Machinery IPO grey market premium?The grey market premium (GMP) for the Readymix Construction Machinery IPO is currently at ₹5, with an expected listing gain of approximately 4.07%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.