February 5, 2025
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What was the last grey market premium of Readymix Constructions IPO?
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Subscription status of Readymix Constructions IPO
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Readymix Constructions IPO Price Rs. 94 Lot 1200 shares, Rs. ? Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Readymix Constructions?
Founded in 2012, Readymix Construction Machinery Limited is a versatile manufacturer and supplier within the construction equipment industry.
The company specializes in providing engineering solutions for the design, development, fabrication, and installation of plant machinery and equipment, including Dry Mix Mortar Plants, concrete plant support systems, silos, and custom projects.
Readymix Construction Machinery offers comprehensive turnkey solutions, covering all stages from conceptualization and development to fabrication, testing, installation, and ongoing after-sales services such as repair and maintenance for plant machinery and equipment.
Additionally, the company provides business consultancy services, offering expertise in design, engineering, technology solutions, equipment installation support, and recipe consultancy. These services aim to optimize performance, reduce costs, and enhance operational efficiency.
Get more information about the company @ http://www.kenindia.in/
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Readymix Constructions IPO Details |
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| IPO opens on | 6 February 2025 |
| IPO closes on | 8 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3062000 Shares / Rs 37.66 Crore |
| * Fresh Issue | 3062000 Shares / Rs 37.66 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 154000 Shares |
| Net offer to Public | 2908000 Shares/ Rs 35.77 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 121-123 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1454000 | 17.88 |
| HNI (15%) | 436200 | 5.37 |
| RII (35%) | 1017800 | 12.52 |
| Total Shares | 2908000 | 35.77 |
| Retail portion will be oversubscribed by |
1018 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.123000 |
| Min HNI Application | 2000 Shares | Rs. 246000 |
Who are the Promoters of Readymix Constructions?
Anand Suresh Watve, Atul Jagannath Kulkarni, Prashant Balasaheb and Shubhangi Rohit Deo are the promoters of the company.
What are the Objects of Readymix Constructions IPO?
The Company intend to utilize the proceeds of the Issue to meet the following objects:
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
- To Meet Working Capital Requirement
- General Corporate Purpose
Tentative timetable |
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| IPO opens on | 6 February 2025 |
| IPO Closes on | 10 February 2025 |
| IPO Allotment on | 11 February 2025 |
| Refund Initiation | 12 February 2025 |
| Credit of Shares | 12 February 2025 |
| Listing on | 13 February 2025 |
| Registered Office of the Company Readymix Construction Machinery Limited Office No. 401, 3rd and 4th Floor, Plot No. 209, Survey No. 96/2B, Paud Road, Right Bhusari Colony, Kothrud, Pune-411038 |
| Who is the Lead Manager of this IPO? Hem Securities Ltd |
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Who is the Registrar to IPO? |
Readymix Constructions IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Readymix Constructions IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 47.83 | 1.33 | ||
| 2022-23 | 55.01 | 2.78 | ||
| 2023-24 | 69.84 | 9.28 | 11.76 | 49.51 |
| Book Value of the Share on 31.03.2024 |
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| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 123 | ||
Key Performance
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| Price/EPS of 23-24 | 10.46 |
| Price/BV Ratio | 5.18 |
| Debt/Equity Ratio | 0.42 |
How Readymix Constructions IPO compares with the Peers?
| As per RHP | FV | Total | PE |
| Income in | Ratio | ||
| Rs. crore | |||
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Readymix Constructions IPO Review by Paresh Gordhandas, CA & Research Analyst.
K
+ from fundamental angle: so-so
+ from grey market angle:
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