Price Band
₹121 - ₹123
Lot Size
1000
Issue Size
₹37.66 Cr
GMP
N/A
Subscription
4.61x
Analyzing...
IPO Schedule
1
Open
6 Feb 2025
2
Close
10 Feb 2025
3
Allotment
-
4
Listing
13 Feb 2025
About Readymix Construction Machinery
Readymix Construction Machinery is an SME focused on providing construction machinery solutions. They likely operate in a niche market within the broader construction equipment industry, potentially specializing in ready-mix concrete machinery or related equipment.
Key Strengths
- High Return on Equity (ROE) of 65.90% indicates efficient use of shareholder equity and strong profitability.
- Low Price-to-Earnings (P/E) ratio of 10.46 suggests the IPO is potentially undervalued compared to industry peers.
- Operates in the construction machinery sector, which benefits from infrastructure development and urbanization trends.
- SME status may allow for agility and responsiveness to specific customer needs within their target market.
- Fixed price IPO increases certainty for investors regarding the subscription amount.
Risk Factors
- •SME IPOs generally carry higher risk due to smaller scale of operations and limited financial history.
- •The construction machinery sector is cyclical and sensitive to economic downturns.
- •Limited information available about the company's specific market position and competitive landscape.
Valuation Analysis
The IPO appears attractively priced based on the low P/E ratio, however, further due diligence is required to assess the sustainability of the high ROE and the company's long-term growth prospects.
IPO Details
ExchangeNSE
SegmentSME
ISININE10QL01011
NSE SymbolREADYMIX
Face Value₹10
Lot Size1000
Issue Size₹37.66 Cr
Key Metrics
ROE65.90%
ROCE48.96%
P/E Ratio10.46
Industry P/E20
EPS11.76
PAT Margin13.30%
Debt/Equity0.42
Growth & Quality
ProfitableYes ✓
Subscription
Total0.99x
Documents
RHP not available
Key Dates
Open Date6 Feb 2025
Close Date10 Feb 2025
Listing13 Feb 2025