Readymix Construction Machinery
Listed
Listed
IPO Timeline
Issue open date
6 Feb 2025Issue close date
10 Feb 2025UPI mandate deadline
10 Feb 2025Allotment finalization
11 Feb 2025Refund initiation
12 Feb 2025Share credit
12 Feb 2025Listing date
13 Feb 2025Mandate end date
25 Feb 2025Lock-in end date for anchor investors (50%)
13 Mar 2025Lock-in end date for anchor investors (remaining)
12 May 2025Key Dates
Open
6 Feb 2025Close
10 Feb 2025Listing
13 Feb 2025Quick Stats
Issue Size:38cr
Lot Size:1000 shares
About the Company
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.
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.
Readymix Construction Machinery IPO – Frequently Asked Questions
- The price band for the Readymix Construction Machinery IPO is set at ₹121 to ₹123 per share.
- The Readymix Construction Machinery IPO opens on February 6, 2025 and closes on February 10, 2025.
- The tentative listing date for the Readymix Construction Machinery IPO is February 13, 2025.
- You can apply for the Readymix Construction Machinery IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Readymix Construction Machinery, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Readymix Construction Machinery IPO is 1000 shares. Investors must apply for at least one lot (i.e., 1000 shares).