Readymix Construction SME: Check IPO Date, Live Subscription and Key Details
Readymix Construction Machinery Limited, founded in 2012, is a multidisciplinary manufacturer and supplier in the construction equipment industry. The company provides engineering solutions for designing, developing, fabricating, and installing plant machinery and equipment. Its product range includes Dry Mix Mortar Plants, concrete plant support systems, silos, and customized project solutions.
Min Investment
₹123000
Price Range
₹121.0 - ₹123.0
Issue Size
₹37.66 Cr
IPO Type
NSE SME
Key Metrics
Face Value
₹10
EPS
11.76
P/E Ratio
10.46
RoNW
49.51%
ROE
65.9%
Debt to Equity
0.42
Timeline
IPO Opens
6 Feb
IPO Closes
10 Feb
Allotment
11 Feb
Listing
13 Feb
IPO Objectives
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General corporate purposes
Strengths
- Supplies various construction equipment, including silos and mortar plants.
- Offers end-to-end services, from design to after-sales support.
- Provides reliable repair, maintenance, and technical assistance.
- Led by experienced promoters and a skilled engineering team.
- Serves multiple industries with customized solutions.
Weaknesses
- A small workforce of 114 employees may limit scalability and efficiency.
- Strong dependence on the construction industry makes it sensitive to market fluctuations.
- Competes with well-established global and local construction equipment brands.
- High costs for R&D, manufacturing, and equipment setup.
- Expanding into new markets requires significant investment and regulatory clearances.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 52.43 | 38.97 | 32.16 | 30.16 |
| Revenue (₹ Cr.) | 35.5 | 69.84 | 55.01 | 47.83 |
| PAT (₹ Cr.) | 1.04 | 9.28 | 2.78 | 1.33 |
| Net Worth (₹ Cr.) | 19.8 | 18.75 | 9.43 | 6.63 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.84x | 1.96x | 5.10x |
| NII | 1.31x | 1.28x | 4.75x |
| RII | 0.94x | 1.63x | 4.20x |
| Total | 0.99x | 1.65x | 4.57x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,82,000 | 29,70,000 | 36.53 |
| NII | 4,37,000 | 20,75,000 | 25.52 |
| RII | 10,18,000 | 42,73,000 | 52.56 |
| Total | 20,37,000 | 93,18,000 | 114.61 |
Company Details
- Office No. 401, 3rd and 4th Floor, Plot No. 209, Survey No. 96/2B, Paud Road, Right Bhusari Colony, Kothrud, Pune-411038
- +91-20-25289212
- cs@rcmpl.co.in
- http://www.rcmpl.co.in/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html