Readymix Construction Machinery IPO Live
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Schedule of Readymix Construction Machinery
| Issue open date | 06 Feb 2025 |
| Issue close date | 10 Feb 2025 |
| UPI mandate deadline | 10 Feb 2025 (5 PM) |
| Allotment finalization | 11 Feb 2025 |
| Refund initiation | 12 Feb 2025 |
| Share credit | 12 Feb 2025 |
| Listing date | 13 Feb 2025 |
| Mandate end date | 25 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 13 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 12 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Readymix Construction Machinery
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹37.66 crores |
| Fresh Issue | ₹37.66 crore |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 24.05 (63.83) |
| Repayment of borrowing | 5.25 (13.93%) |
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.
Allotment Status for Readymix Construction Machinery
To check your allotment status – click here.
Subscription Figures for Readymix Construction Machinery
Subscription numbers as of 5:00 PM on 7 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.82 | 11.39 | 1.96x |
| HNI (₹2L+) | 4.37 | 5.60 | 1.28x |
| Retail (upto ₹2L) | 10.18 | 16.36 | 1.61x |
| Total | 20.37 | 33.35 | 1.64x |