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Readymix Construction IPO
Price Band
₹121.0–123.0
Issue Size
₹37.66 Cr
Lot Size
1,000 shares
Min Investment
₹123,000
GMP
—
Issue Price
₹123.0
Readymix Construction IPO AI Summary
- Readymix Construction IPO is listed on NSE SME.
- Price band: ₹121.0–₹123.0 per share, lot size 1,000 shares (min. investment ₹123,000).
- Subscription window: 06 Feb–10 Feb 2025, listing on 13 Feb 2025.
Readymix Construction Machinery Limited is set to raise ₹37.66 Cr through its IPO, with an issue price of ₹123.0 per share. The company has shown growth in total income and profit over the past years, although recent figures for the 9-month period ending December 2024 are not directly comparable to full fiscal years.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Readymix Construction IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Readymix Construction IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 52.43 | 38.97 | 32.16 | 30.16 |
| Total Income | 35.50 | 69.84 | 55.01 | 47.83 |
| Profit After Tax | 1.04 | 9.28 | 2.78 | 1.33 |
| NET Worth | 19.80 | 18.75 | 9.43 | 6.63 |
| Reserves and Surplus | 11.90 | 18.29 | 8.96 | 6.17 |
| Total Borrowing | 16.68 | 7.90 | 7.60 | 4.68 |
Key Ratios
EPS
₹11.76
NAV
₹23.75
ROE
65.90%
ROCE
48.96%
RoNW
49.51%
P/B Value
5.18
P/E Ratio
10.46
Market Cap
₹134.79 Cr
PAT Margin
13.30%
Debt/Equity
0.42
Promoters
Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb and Shubhangi Rohit Deo
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or pre-payment, in full or part, of borrowing availed by the Company 5.25 2 To Meet Working Capital Requirement 24.05 3 General Corporate Purposes 4.77 4 Issue expenses 3.59 Total 37.66
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹47.83 Cr in the year ending 31 Mar 2022, rising to ₹55.01 Cr by 31 Mar 2023, then increasing further to ₹69.84 Cr by 31 Mar 2024. However, for the period ending 31 Dec 2024, total income dropped to ₹35.50 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹1.33 Cr in the year ending 31 Mar 2022, increasing to ₹2.78 Cr by 31 Mar 2023, and then rising significantly to ₹9.28 Cr by 31 Mar 2024. For the period ending 31 Dec 2024, profit after tax was ₹1.04 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange. A positive GMP suggests strong demand, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions. It is essential to consider the company's fundamentals and growth prospects.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 6th February 2025, closing on 10th February 2025. Allotment of shares will be done on 11th February 2025, and the listing date is set for 13th February 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Readymix Construction's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Readymix Construction IPO?
The price band of Readymix Construction IPO is ₹121.0–₹123.0 per share.
When does Readymix Construction IPO open and close?
Readymix Construction IPO opens on 06 February 2025 and closes on 10 February 2025.
When does Readymix Construction IPO list on the stock exchange?
Readymix Construction IPO listed on 13 February 2025 at ₹123.0.
What is the lot size for Readymix Construction IPO?
The lot size for Readymix Construction IPO is 1000 shares, requiring a minimum investment of ₹123,000.
What is the price band for the IPO?
The price band for the IPO is ₹121.0 to ₹123.0.
What is the minimum investment required?
The minimum investment required is ₹123,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When does the IPO open and close for subscription?
The IPO opens on 6th February 2025 and closes on 10th February 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand and supply in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Feb 2025
Close
10 Feb 2025
Allotment
11 Feb 2025
Listing
13 Feb 2025
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