The Readymix Construction Machinery Target 2030 is scheduled to open on February 6, 2025, and close on February 10, 2025, with the expected listing date on February 13, 2025. The IPO is priced between ₹121 to ₹123 per share, with a total issue size of ₹37.66 crores. The company will be listed on the NSE SME exchange, and the minimum investment lot size is 1,000 shares.
IPO Details
- IPO Opening Date: February 6, 2025
- IPO Closing Date: February 10, 2025
- Listing Date: February 13, 2025
- Issue Price: ₹121 to ₹123 per share
- Total Issue Size: ₹37.66 crores
- Lot Size: 1,000 shares
- Exchange: NSE SME
Company Background
Readymix Construction Machinery Limited specializes in manufacturing and supplying construction equipment, including batching plants, concrete mixers, and other machinery used in infrastructure projects. The company has a strong market presence in India and is expanding its reach into global markets.
Objectives of the IPO
- Expansion of Production Capacity – To meet growing demand for construction equipment.
- Research & Development – Investing in innovative and sustainable construction solutions.
- Debt Reduction – Strengthening financial stability by reducing outstanding liabilities.
- General Corporate Purposes – Supporting operational growth and business expansion.
Financial Performance & Share Price Predictions
- Revenue (Last FY): ₹110 Crores
- Profit (Last FY): ₹15 Crores
- Year-over-Year Growth: 12%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹130 – ₹150 |
| 2026 | ₹160 – ₹180 |
| 2027 | ₹190 – ₹210 |
| 2028 | ₹220 – ₹250 |
| 2029 | ₹260 – ₹280 |
| 2030 | ₹300 – ₹330 |
Subscription & Grey Market Premium (GMP) Details
| Category | Expected Subscription |
|---|---|
| Retail Investors | High |
| Institutional Investors | Moderate |
| HNIs | Strong |
- GMP for Readymix Construction Machinery Limited: ₹[To be updated closer to listing]
Key Growth Factors
- Rising Infrastructure Development – Increased government spending on roads, bridges, and smart cities.
- Strong Industry Demand – Growing construction and real estate sector drives demand for advanced machinery.
- Technological Advancements – Investing in automated and AI-powered construction solutions.
- Export Growth Potential – Expanding presence in international markets.
Conclusion: Is Readymix Construction Machinery Limited a Good Investment?
The Readymix Construction Machinery Limited IPO presents a strategic investment opportunity in the booming construction and infrastructure sector. With strong market demand, technological advancements, and planned business expansion, the company is well-positioned for long-term growth. However, investors should assess market conditions and risk factors before making a decision.