Readymix Construction Machinery Limited IPO

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The Company are an engineering-led company specializing in comprehensive solutions for design, development, fabrication, and installation of industrial plant and machinery. Their expertise extends across multiple industries, including cement, concrete, crushing, construction, and building materials. They provide end-to-end turnkey solutions, encompassing everything from conceptualization to final commissioning, ensuring seamless project execution.

Product & Service Offerings

i. Engineering Solutions for Industrial Machinery
ii. Turnkey Project Execution
iii. After-Sales & Maintenance Services
iv. Business Consultancy & Optimization Services

Conclusion

With a strong foundation in engineering innovation, manufacturing excellence, and customer-centric solutions, they continue to drive efficiency in industrial machinery. Their focus on R&D, automation, and technology-driven solutions ensures that they stay ahead in providing cost-effective, high-performance engineering solutions for the cement, concrete, and construction industries.

Objects of the Readymix Construction Machinery Limited IPO:

The Company intend to utilize the proceeds of the Issue to meet the following objects: i. Repayment and/or pre-payment, in full or part, of borrowing availed by the Company. ii. To Meet Working Capital Requirement iii. General Corporate Purpose.
DRHP of Readymix Construction Machinery Limited IPO
RHP of Readymix Construction Machinery Limited IPO

Readymix Construction Machinery Limited IPO Details:

Open Date: Feb 06 2025
Close Date: Feb 10 2025
Total Shares: 30,62,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 37.66 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 121 - 123 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 13 2025

Promoters And Management:

Anand Suresh Watve, Promoter and Chairman & Managing Director of the Company, has been on the Board since its incorporation. He holds a Diploma in Mechanical Engineering from S.E.S. Polytechnic, Solapur, and has 30 years of experience in engineering, including quality assurance, vendor management, and manufacturing for companies like Fujitsu ICIM, RIECO Industries, and Simem India. He plays a key role in business strategy formulation and oversees overall operations, including production, quality control, finance, legal compliance, and business development. Atul Jagannath Kulkarni, Promoter and Whole-Time Director of the Company, has been on the Board since incorporation. He holds a Diploma in Electrical Engineering from Government Polytechnic, Aurangabad, and has 28 years of experience, including 23 years in engineering, handling projects in concrete batching plants, concrete pumps, and power and natural gas sectors for companies like Paranjape Autocast and Aquarius Engineers. He currently oversees business administration, including HR, design & development, sales & marketing, and customer relationship management. Prashant Balasaheb Kanikdale, Promoter and Whole-Time Director of the Company, has been on the Board since incorporation. He holds a Diploma in Mechanical Engineering from E.S.S. Polytechnic, Pune, and has 29 years of experience, including 19 years in engineering, specializing in machine maintenance, vendor negotiations, procurement, and bill of materials for companies like Aquarius Engineers and SIMEM India. He currently oversees purchase & procurement, vendor management, cost management, inventory control, and dispatch planning.

Financials of Readymix Construction Machinery Limited IPO:

(In Crores)
Particulars Dec 31, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 35.48 69.79 54.99 47.82
EBITDA 2.93 13.65 4.58 2.36
EBITDA Margins 8.26% 19.57% 8.33% 4.94%
PAT 1.04 9.28 2.77 1.32
PAT Margins 2.94% 13.30% 5.05% 2.78%
ROCE 48.96% 25.71% 19.59%
CFOA -6.60 2.83 0.57 -2.59

Comparison With Peers:

As per RHP no listed peers.

Recommendation on Readymix Construction Machinery Limited IPO:

Review and recommendation of Readymix Construction Machinery IPO by team IZ is 4/10.

Lead Manager of Readymix Construction Machinery Limited IPO:

  1. Hem Securities Limited

Registrar of Readymix Construction Machinery Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

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 Phone: +91-20-25289212 Email: cs@rcmpl.co.in Website: http://www.rcmpl.co.in/

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