Readymix Construction Machinery Limited (RMX) is a Pune-based multidisciplinary manufacturer and supplier of construction equipment and machinery. Established in 2008, the company specializes in tailor-made construction solutions to meet industry demands.

The Readymix Construction Machinery IPO is a Book Built Issue worth ₹37.66 crores, comprising an entirely fresh issue of 30.62 lakh shares. The IPO subscription period is from February 6, 2025, to February 10, 2025.

IPO Price, Lot Size & Investment Details

• IPO Price Band: ₹121 - ₹123 per share

• Lot Size: 1,000 shares per lot

• Minimum Investment: ₹1,23,000 for retail investors | ₹2,46,000 for HNIs (2 lots)

• Market Capitalization at ₹123 per share: ₹134.78 crores

IPO Subscription Status & GMP

As of February 7, 2025 (Day 2), the IPO has been subscribed 1.59 times. Investors can check the Readymix Construction Machinery IPO Live Subscription Status on NSE SME.

The Grey Market Premium (GMP) for Readymix Construction Machinery is currently ₹0, indicating no premium or discount on the expected listing price. GMP is for educational purposes only and does not guarantee listing performance.

Key IPO Dates

• Subscription Opens: February 6, 2025

• Subscription Closes: February 10, 2025

• Allotment Finalization: February 11, 2025

• Refunds & Demat Credit: February 12, 2025

• Listing Date (Tentative): February 13, 2025 (NSE SME)

Readymix Construction Machinery IPO Anchor Investors

The company has raised ₹10.71 crores from Anchor Investors at ₹123 per share, allocating 8,71,000 shares. This allocation is from the Qualified Institutional Buyers (QIBs) reservation portion.

IPO Lead Managers & Registrars

• Book Running Lead Manager: HEM SECURITIES LIMITED

• Registrar: BIGSHARE SERVICES PRIVATE LIMITED

• Market Maker: Hem Finlease Private Limited

Financial Performance & IPO Review

The company has shown steady financial growth, with revenue and profits increasing over recent years:

• Revenue: ₹3,550.02 lakh (Dec 31, 2024) | ₹6,984.48 lakh (FY24)

• EBITDA: ₹311.74 lakh (Dec 31, 2024) | ₹1,384.29 lakh (FY24)

• Profit After Tax: ₹104.41 lakh (Dec 31, 2024) | ₹928.48 lakh (FY24)

Key Performance Indicators:

• Pre-Issue EPS: ₹11.76 | Post-Issue EPS: ₹8.47

• Pre-Issue P/E Ratio: 10.46x | Post-Issue P/E Ratio: 14.52x

• Return on Capital Employed (ROCE): 48.96% (FY24)

• Return on Equity (ROE): 65.90% (FY24)

• Annualized EPS: ₹1.76 | PE Ratio: 69.88x

Based on the financials, the IPO is fully priced, and analysts recommend avoiding it for listing gains.

IPO Allotment: How to Check Status Online

The Readymix Construction Machinery IPO allotment will be finalized on February 11, 2025. Investors can check their allotment status online by following these steps:

1. Visit the Registrar’s website.

2. Select Readymix Construction Machinery IPO from the list.

3. Enter Application Number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Objectives of the IPO

The company plans to utilize the net proceeds from the IPO as follows:

• ₹525.00 lakh for repayment of borrowings

• ₹2,405.00 lakh for working capital requirements

• Remaining funds for general corporate purposes

Final Verdict

With a moderate growth trajectory and fair valuations, Readymix Construction Machinery IPO is not recommended for listing gains. Investors should consider fundamental and long-term prospects before applying.

The Upcoming IPOs in this week and coming weeks are Quality Power Electrical Equipmwnt, PS Raj Steels, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.

The Current active IPO are Solarium Green, Ajax Engineering, Chandan Healthcare.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.