Readymix Construction Machinery
CLOSEDIPO Date: 6 Feb - 10 Feb 2025
Listing Date: 13 Feb 2025
Price Range
₹121 – ₹123
Issue Size
37 Cr
Min Investment
₹1,21,000
Lot Size
1000 Shares
Schedule of Readymix Construction Machinery
Issue open date
6 Feb 2025
Issue close date
10 Feb 2025
UPI mandate deadline
10 Feb 2025 (5 PM)
Allotment finalization
11 Feb 2025
Share credit
12 Feb 2025
Listing date
13 Feb 2025
Mandate end date
25 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 37 Cr |
| Fresh Issue | 37.66 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 11 Feb 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
| 12 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
| 11 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
| 10 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
| 9 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
| 8 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
| 7 Feb 2025 | ₹123 | ₹9 | ₹132 (7.32%) |
| 6 Feb 2025 | ₹123 | ₹9 | ₹132 (7.32%) |
| 5 Feb 2025 | ₹123 | ₹9 | ₹132 (7.32%) |
| 4 Feb 2025 | ₹123 | ₹12 | ₹135 (9.76%) |
| 3 Feb 2025 | ₹123 | ₹0 | ₹123 (0%) |
Performance Readymix Construction Machinery
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹121 – ₹123 | ₹ 116 (0%) | ₹ 76.95 | -37.44% |
About Readymix Construction Machinery
Incorporated in 2012, Readymix Construction Machinery Limited provides engineering solutions for the design, development, and installation of plant machinery and equipment. Its product range includes Dry Mix Mortar Plants, concrete plant support equipment, high-capacity silos, artificial sand plants, and wall putty plants. The company serves industries such as construction, cement, and building materials. With a client base spanning over 200 customers in India and exports to Nepal, the company has established a presence in the sector. The company also offers after-sales services and business consultancy to enhance operational efficiency.
| Founded in | 2012 |
| Managing director | Mr. Anand Suresh Watve |
| Parent organization | Readymix Construction Machinery Ltd |
Financial Overview
Strengths
- Diversified product portfolio serving industries like cement, concrete, and construction.
- Dedicated after-sales network offering maintenance and quick spare parts replacement.
- Established customer relationships in India and Nepal, with a focus on domestic markets.
- Revenue from multiple geographical locations, including Maharashtra, Telangana, and Goa.
- Experienced promoters and management with 15 to 30 years of industry experience.
- Strong design and development team for customized product solutions.
Risks
- Dependency on key suppliers in a limited geographical area for raw materials.
- Strict quality requirements and customer inspections, with potential order cancellations for non-compliance.
- Dependence on the steel industry for major components, vulnerable to disruptions.
- Reliance on the fabrication unit is subject to risks from disruptions, equipment failure, or natural disasters.
- Requirement for performance bank guarantees, potentially limiting new contracts.
- Secured loans with a charge on company and director properties, impacting financial flexibility.
- Competitive market with organized and unorganized players, affecting pricing and growth.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 5.1 |
| Non-Institutional Investors (NIIs) | 4.76 |
| Retail Individual Investors (RIIs) | 4.26 |
| Employee | N/A |
| Total | 4.61 |