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Ajax Engineering Limited IPO Details – Price, Date, GMP & Analysis
Listed
Mainboard
Price Range:
Rs.629.00
Issue Size:
Rs.1,268.93 Cr
Lot Size:
23 shares
Open Date:
February 10
Ajax Engineering Limited IPO Overview
Bidding Dates
February 10 - February 12
Min Investment
₹14,467
Price Range
₹629.00
Issue Size
₹1,268.93 Cr
IPO DRHP Doc
Company Overview
Ajax Engineering Limited, incorporated in July 1992, manufactures a wide range of concrete equipment and services. The company has developed 110 concrete equipment variants and sold over 27,800 units in India over the last decade. As of March 31, 2024, it employs 76 full-time design, engineering, and development staff, representing 17.16% of its workforce. Ajax operates four specialized facilities in Karnataka and has 51 dealerships across 23 states in India, providing 114 touchpoints. Additionally, it has established 25 dealers and distributors in South and Southeast Asia, the Middle East, and Africa, serving over 15,700 customers with a service team of 83 employees.
IPO Timeline
Opens
Feb 10
Closes
Feb 12
Allotment
Feb 13
Refunds
Feb 14
Shares Credit
Feb 14
Listing
Feb 17
Opens
Feb 10
Closes
Feb 12
Allotment
Feb 13
Refunds
Feb 14
Shares Credit
Feb 14
Listing
Feb 17
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 13.04x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 6.46x | Oversubscribed |
| RII (Retail Individual Investors) | 1.94x | Oversubscribed |
| Total Subscription | 6.06x | Oversubscribed |
Last updated: Feb 12, 2025, 05:06 PM
Current GMP:
Rs.-3
Est. Listing:
Rs.626
Est. Gain:
-0.5%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹1,236.14 Cr | ₹1,236.14 Cr | ₹966.73 Cr | ₹735.31 Cr |
| Net Worth | ₹917.96 Cr | ₹917.96 Cr | ₹713.8 Cr | ₹578.27 Cr |
| Profit After Tax | ₹225.15 Cr | ₹225.15 Cr | ₹135.9 Cr | ₹66.21 Cr |
| Reserves and Surplus | ₹906.52 Cr | ₹906.52 Cr | ₹702.36 Cr | ₹575.41 Cr |
| Revenue | ₹1,780.07 Cr | ₹1,780.07 Cr | ₹1,172.57 Cr | ₹771.85 Cr |
| Total Borrowing | ₹10.14 Cr | ₹10.14 Cr | ₹7.16 Cr | - |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Market leader in large, fast-growing SLCM market, dominant share.
- Comprehensive concrete equipment, services, and solutions across the value chain.
- Strong in-house design, development, and engineering capabilities present.
- Technology-led manufacturing is supported by a robust supplier network.
- Dealer-led distribution model with a widespread network across multiple regions.
- Diverse customer base with strong, long-term relationships in the industry.
- Experienced management team backed by skilled and qualified personnel.
IPO Details
Ajax Engineering IPO Details
| 59.00 | |
| Face Value | ₹1 per share |
| IPO Date | February 10, 2025 to February 12, 2025 |
| Issue Price | ₹629 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | February 17, 2025 |
| Lot Size | 23 Shares |
| Offer for Sale | 2,01,80,446 shares of ₹1 (aggregating up to ₹1,269.35 Cr) |
| Share Holding Post Issue | 11,44,06,800 shares |
| Share Holding Pre Issue | 11,44,06,800 shares |
| Total Issue Size | 2,01,80,446 shares (aggregating up to ₹1,269.35 Cr) |
Ajax Engineering IPO Reservation
Share Reservation Distribution
Retail
7,035,525 shares (34.86%)
Anchor Investors
6,030,449 shares (29.88%)
QIB
4,020,300 shares (19.92%)
bNII (>₹10L)
2,010,150 shares (9.96%)
sNII (<₹10L)
1,005,075 shares (4.98%)
Employee
78,947 shares (0.39%)
Ajax Engineering IPO Promoter Holding
| Share Holding Post Issue | 80.00% |
| Share Holding Pre Issue | 93.50% |
Ajax Engineering IPO Listing Details
| ₹629 per share |
| 544356 |
| AJAXENGG |
| February 17, 2025 |
| INE274Y01021 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹629.00 | ₹629.00 |
| High | ₹608.45 | ₹609.00 |
| Last Trade | ₹595.60 | ₹595.40 |
| Low | ₹565.00 | ₹566.00 |
| Open | ₹593.00 | ₹576.00 |
Key Dates
Open Date:February 10
Close Date:February 12
Listing Date:February 17
