Readymix Construction Machinery Limited, a leading manufacturer and supplier in the construction equipment sector, is set to launch its IPO on February 6, 2025. Established in Pune in 2008, the company specializes in construction machinery and customized equipment solutions.

This ₹ 37.66 Crore IPO is a 100% fresh issue, with 30.62 Lakh shares being offered to investors. The IPO subscription window closes on February 10, 2025, with the allotment expected on February 11, 2025. The tentative listing date is February 13, 2025, on the NSE SME exchange.

The price band for the IPO is ₹ 121 to ₹ 123 per share, with a lot size of 1,000 shares. Retail investors must invest a minimum of ₹ 1,23,000, while HNIs must buy at least 2 lots, totaling ₹ 2,46,000. At the upper price band of ₹ 123, the market capitalization of Readymix Construction Machinery Limited will be ₹ 134.78 Crores.

The IPO is managed by HEM SECURITIES LIMITED, with BIGSHARE SERVICES PRIVATE LIMITED as the registrar and Hem Finlease Private Limited as the market maker.

Readymix Construction Machinery IPO Subscription Status

As of February 7, 2025, at 5:00 PM, the IPO was subscribed 1.59 times on its second day of subscription. Investors can check the live IPO subscription status on the NSE SME platform.

Readymix Construction Machinery IPO GMP and Market Sentiment

The Grey Market Premium (GMP) for Readymix Construction Machinery IPO stands at ₹ 0, indicating a lack of speculative interest in the stock. This neutral GMP suggests investors are cautious about short-term listing gains.

While GMP is an unofficial indicator, it can provide insights into market sentiment. However, investors should focus on the company’s financials, valuations, and future growth prospects rather than relying on GMP alone.

Readymix Construction Machinery IPO Anchor Investors Report

The company has raised ₹ 10.71 Crores from Anchor Investors at ₹ 123 per share. A total of 8,71,000 equity shares were allocated to anchor investors before the IPO opened to the public.

Note:

• Anchor investor shares are allotted from the Qualified Institutional Buyers (QIBs) reservation portion.
• The number of shares mentioned in the IPO subscription tables may vary due to the assumption of upper or lower price bands in calculations.
• The market maker portion is included in the NII reservation, and is not listed separately in subscription tables.

Readymix Construction Machinery IPO Allotment – How to Check Online

The IPO allotment date is February 11, 2025. Investors can check their Readymix Construction Machinery IPO allotment status online via the registrar’s website using the following steps:

1. Visit the IPO allotment status page on the registrar’s website.
2. Select Readymix Construction Machinery IPO from the list.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to check your allotment status.

Investors will be able to confirm allotment details and take the next steps for holding or selling their shares.

Objectives of Readymix Construction Machinery IPO

The IPO proceeds will be utilized for the following objectives:

1. Repayment of Borrowings – ₹ 525 Lakhs allocated for loan repayment to reduce financial liabilities.
2. Working Capital Requirements – ₹ 2,405 Lakhs to support business expansion and operational needs.
3. General Corporate Purposes – Remaining funds will be used for business development, marketing, and contingencies.

Readymix Construction Machinery IPO Financial Performance

The company has demonstrated consistent revenue growth, as shown in the financial results:

Revenue from Operations (₹ in Lakh)

• FY 2022 – ₹ 4,783.43 Lakh
• FY 2023 – ₹ 5,500.94 Lakh
• FY 2024 – ₹ 6,984.48 Lakh
• 9M FY 2025 (till Dec 31, 2024) – ₹ 3,550.02 Lakh

EBITDA (₹ in Lakh)

• FY 2022 – ₹ 252.74 Lakh
• FY 2023 – ₹ 494.32 Lakh
• FY 2024 – ₹ 1,384.29 Lakh
• 9M FY 2025 – ₹ 311.74 Lakh

Profit After Tax (PAT) (₹ in Lakh)

• FY 2022 – ₹ 132.77 Lakh
• FY 2023 – ₹ 277.95 Lakh
• FY 2024 – ₹ 928.48 Lakh
• 9M FY 2025 – ₹ 104.41 Lakh

Readymix Construction Machinery IPO Valuation Metrics

• Pre-Issue EPS – ₹ 11.76
• Post-Issue EPS – ₹ 8.47
• Pre-Issue P/E Ratio – 10.46x
• Post-Issue P/E Ratio – 14.52x
• ROCE (FY24) – 48.96%
• ROE (FY24) – 65.90%
• RoNW (FY24) – 49.51%

The post-issue P/E ratio of 14.52x suggests that the IPO is fully priced compared to industry standards.

Readymix Construction Machinery IPO Review – Should You Invest?

While Readymix Construction Machinery Limited has a solid financial track record, its valuation metrics indicate a fully priced IPO. The absence of Grey Market Premium (GMP) suggests that investors may not see immediate listing gains.

The Upcoming IPOs in this week and coming weeks are PS Raj Steels, Chandan Healthcare, Ajax Engineering, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.

The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green.

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