Readymix Construction IPO Review: Apply or Avoid?
Posted by : sachet | Wed Feb 05 2025
Readymix Construction IPO is open for bidding on 6th February 2025. The issue is recognised as an SME IPO for its tentative listing date of 13th February 2025. It is entirely a fresh issue of 30,62,000 shares worth Rs 37.66 crore.
Readymix Construction IPO
Readymix Construction IPO date is set between 6th February 2025 and 10th February 2025. The face value of Readymix Construction Machinery Limited shares stands at Rs 10 per share, and the IPO price band is set at Rs 121 to Rs 123 per share.
Bigshare Services Pvt. Ltd. is the registrar of Readymix Construction IPO and manages the allotment procedure. On the other hand, Hem Securities Limited is the book-running lead manager of the IPO. Download Readymix Construction IPO RHP. Check the table below for more IPO details.
| IPO Open Date | 6th February 2025 |
| IPO Close Date | 10th February 2025 |
| IPO Allotment Date | 11th February 2025 |
| Refund Initiation | 12th February 2025 |
| Issue Size | 30,62,000 shares (worth Rs 37.66 crore) |
| Face Value | Rs 10 per share |
| Lot Size | 1000 shares |
| Price Band | Rs 121 to Rs 123 per share |
| Issue Type | Book Built Issue |
| Listing At | NSE & SME |
| Listing Date | 13th February 2025 |
Readymix Construction IPO GMP, Issue Size, Price, and Offer Details
Readymix Construction IPO is a fresh issue of 30,62,000 equity shares worth Rs 37.66 crore. Readymix Construction Machinery Limited shares will likely be listed on NSE and SME. Furthermore, the Securities Exchange Board of India (SEBI), the Indian stock market regulatory body, has specified share reservation criteria for different investors. Explore the table below to know more.
| Investor Categories | Reservation Required |
| QIB | <50% of total issue |
| Retail Investors | >35% of total issue |
| NII (sNII+bNII) | >15% of total issue |
| Total | 100% |
Note: NII (Non-Institutional Investors), QIB (Qualified Institutional Buyers), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors).
Readymix Construction IPO GMP Grey Market Premium
You’ve reached the right spot to get live updates on Readymix Construction IPO GMP. It is to be noted that GMP is the difference between the price band and the price at which shares of the company are trading in the grey market.
Moreover, GMP is subject to change depending on market situations and trends. You should check the live GMP status to apply for Readymix Construction IPO. Explore the GMP data below for real-time Readymix Construction IPO GMP insights.
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gains |
| 05-02-2025 | Rs 10 | Rs 133 | 8.13% |
| 04-02-2025 | Rs 12 | Rs 135 | 9.76% |
| 03-02-2025 | Rs 0 | Rs 123 | 0.00% |
| 02-02-2015 | Rs 0 | Rs 123 | 0.00% |
*Data is updated as of 5th February 2025.
As of now, on 5th February 2025, Readymix Construction IPO GMP stands at Rs 10 per share, which means the share will likely be listed at Rs 133 (123+10) on its tentative listing date, 13th February 2025.
Readymix Construction IPO Review
Look at the detailed review of Readymix Construction IPO to better understand its potential for listing gains. This detailed IPO review will also help you avoid significant losses. Read more to make informed investment decisions.
Financial Health
The healthy financials of a company might highlight its competitiveness and sustainability. It is crucial to understand the financial statements of the businesses when applying for an IPO.
During FY2023-24, the revenue of Readymix Construction Machinery Limited stood at Rs 55.01 crore, which increased by 26.59% to Rs 69.84 crore. Moreover, the PAT of the company was raised by 233.81% from Rs 2.78 crore to Rs 9.28 crore.
Readymix Construction Machinery Limited has shown consistent growth in its financial performance. It shows that the company is focused on influencing its efficiency to compete with dominant players in the industry. Thus, Readymix Construction IPO is expected to get a higher investor engagement to deliver a significant return on its tentative listing day, 13th February 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to generate returns. To analyse the possibility of Readymix Construction IPO, use the technical indicators mentioned below.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 10.46 |
| PB Ratio (Price-to-Book) | 5.18 |
| EPS (Earnings Per Share) | 11.76 |
| ROE (Return on Equity) | 65.90% |
| RoNW | 49.51% |
| ROCE | 48.96% |
| PAT Margin (Profit After Tax) | 13.30 |
| Market Capitalisation | Rs 134.79 crore |
*Data is updated as of 5th February 2025.
The PE ratio of Readymix Construction Machinery Limited shares is 10.46, and its Earnings Per Share stands at 11.76. It indicates that the Readymix Construction IPO has a high potential for short and long-term returns.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 10.46 | – |
| EPS | 11.76 | 1.27 |
*Data is updated as of 5th February 2025.
About Readymix Construction Machinery Limited
Readymix Construction Machinery Limited was incorporated in 2012 and is engaged in the manufacturing and distributing of construction equipment. The company provides engineering solutions for designing, developing, fabricating, and installing plant machinery. End-to-end turnkey solutions of Readymix Construction Machinery Limited helped the company retain its customers.
Readymix Construction Machinery Limited Financials
Before applying for Readymix Construction IPO, the company’s financial assessment is essential. See the table below to learn about Solarium Green Energy Limited’s financials.
| Year Ended | 31st December 2024 (in cr.) | 31st Mar 2024 (in cr.) | 31st Mar 2023 (in cr.) | 31st Mar 2022 (in cr.) |
| Assets | 52.43 | 38.97 | 32.16 | 20.16 |
| Revenue | 35.50 | 69.84 | 55.01 | 47.83 |
| Profit After Tax | 1.04 | 9.28 | 2.78 | 1.33 |
| Reserves and Surplus | 11.90 | 18.29 | 8.96 | 6.17 |
| Debt | 16.68 | 7.90 | 7.60 | 4.68 |
| Net Worth | 19.80 | 18.75 | 9.43 | 6.63 |
*Data is updated as of 5th February 2025.
Explanation
Readymix Construction Machinery Limited has shown a growth of 26.59% in its revenue, which was estimated at Rs 55.01 crore in March 2023 and Rs 69.84 crore in March 2024. Moreover, the PAT of the company was raised by 233.81% from Rs 2.78 crore to Rs 9.28 crore.
Readymix Construction IPO Bidding Requirements
Readymix Construction IPO has reserved lot sizes for different categories of investors. Explore the table below to know about the requirements to be fulfilled for applying for this IPO.
| Investor Category | Lots | Shares | Amount (in Rs) |
| Retail (Minimum) | 1 | 1,000 | Rs 1,23,000 |
| Retail (Maximum) | 1 | 1,000 | Rs 1,23,000 |
| HNIs (Minimum) | 2 | 2,000 | Rs 2,46,000 |
How to Apply for Readymix Construction IPO?
Follow the steps mentioned below to apply for Readymix Construction IPO.
- Step 1: Conduct deep research on Readymix Construction IPO GMP, subscription status, issue size, lot size, and more.
- Step 2: Open a demat account on Univest to know about the real-time insights. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for one lot of 1,000 shares worth Rs 1,23,000 of Readymix Construction IPO.
- Step 4: Once you’re done with the bidding process, you will receive a mandate request on your mode of payment. Approve the request and stay informed about the allotment status.
Let’s Wrap
Readymix Construction IPO is the fresh issue of 30,62,000 shares worth Rs 37.66 crores. The shares will be listed on NSE and SME on the tentative listing date of 13th February 2025. Most investors and brokers are neutral for this IPO. Researching Readymix Construction IPO reviews is highly suggested to fix ideal listing gains. Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link.
FAQs on Readymix Construction IPO
How is Readymix Construction IPO?
Ans. As of now, on 5th February 2025, Readymix Construction IPO GMP (Grey Market Premium) stands at Rs 10 (8.13% up). It indicates that the estimated listing price could be Rs 133 per share. It is entirely a fresh issue of 30,62,000 shares worth Rs 37.66 crore. The IPO price band is fixed at Rs 121 to Rs 123 per share, and the face value of each share is Rs 10.
What is Readymix Construction IPO price?
Ans. Readymix Construction IPO price band has been set between Rs 121 and Rs 123 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1,000 shares worth Rs 1,23,000. Moreover, NIIs are required to bid for a minimum of 2 lots (2,000 shares) worth Rs 2,46,000.
Is Readymix Construction IPO good?
Ans. During FY2023-24, the revenue of Solarium Green Energy Limited was increased by 26.59% to reach Rs 69.84 crore. On the other hand, the PAT of the company was raised by 233.81% from Rs 2.78 crore to Rs 9.28 crore. Readymix Construction IPO has gained a neutral rating from industry experts, brokers and institutional investors.
Who is the registrar of Readymix Construction IPO?
Ans. Bigshare Services Private Limited is the registrar of Readymix Construction IPO and awaits to manage the IPO allotment procedure. For any query regarding Readymix Construction IPO allotment and refund initiation, you can reach at investor@bigshareonline.com or +91-22-62638200.
What is the issue size of Readymix Construction IPO?
Ans. Readymix Construction IPO is entirely a fresh issue of 30,62,000 shares worth Rs 37.66 crore. The issue is open from 6th February to 10th February with a price band of Rs 121 to Rs 123 per share.
Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Readymix Construction IPO, download the Readymix Construction IPO RHP and Readymix Construction IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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