Ajax Engineering Limited IPO Details – Price, Date, GMP & Analysis
Ajax Engineering Limited IPO Overview
Key IPO Details
Investment Summary
The Ajax Engineering Limited IPO IPO is a mainboard offering scheduled to open on February 10. The issue is priced at ₹629 per share, with a minimum application of 23 shares.
Status: Listed and trading
How to Apply for Ajax Engineering Limited IPO
To apply for the Ajax Engineering Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Ajax Engineering Limited IPO
- Enter bid quantity (minimum 23 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before February 12
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹14,467(approx. based on lower price band)
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.
Grey Market Premium (GMP)
IPO Timeline
Open Date
Mon, Feb 10, 2025
CompletedClose Date
Wed, Feb 12, 2025
CompletedAllotment
Thu, Feb 13, 2025
CompletedRefund Process
Fri, Feb 14, 2025
CompletedCredit to Demat
Fri, Feb 14, 2025
CompletedListing Date
Mon, Feb 17, 2025
CompletedSubscription Status
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: Invalid Date
IPO Details
Ajax Engineering IPO Details
| IPO Date | February 10, 2025 to February 12, 2025 |
| Listing Date | February 17, 2025 |
| Face Value | ₹1 per share |
| Issue Price | ₹629 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 2,01,80,446 shares (aggregating up to ₹1,269.35 Cr) |
| Offer for Sale | 2,01,80,446 shares of ₹1 (aggregating up to ₹1,269.35 Cr) |
| 59.00 | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,44,06,800 shares |
| Share Holding Post Issue | 11,44,06,800 shares |
Ajax Engineering IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 60,30,449 (29.88%) | NA |
| QIB Shares Offered | 40,20,300 (19.92%) | NA |
| bNII > ₹10L | 20,10,150 (9.96%) | 6,242 |
| sNII < ₹10L | 10,05,075 (4.98%) | 3,121 |
| Retail Shares Offered | 70,35,525 (34.86%) | 3,05,892 |
| Employee Shares Offered | 78,947 (0.39%) | NA |
Ajax Engineering IPO Timeline (Tentative Schedule)
| IPO Open Date | Mon, Feb 10, 2025 |
| IPO Close Date | Wed, Feb 12, 2025 |
| Tentative Allotment | Thu, Feb 13, 2025 |
| Initiation of Refunds | Fri, Feb 14, 2025 |
| Credit of Shares to Demat | Fri, Feb 14, 2025 |
| Tentative Listing Date | Mon, Feb 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2025 |
Ajax Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,467 |
| Retail (Max) | 13 | 299 | ₹1,88,071 |
| S-HNI (Min) | 14 | 322 | ₹2,02,538 |
| S-HNI (Max) | 69 | 1,587 | ₹9,98,223 |
| B-HNI (Min) | 70 | 1,610 | ₹10,12,690 |
Ajax Engineering IPO Promoter Holding
| Share Holding Pre Issue | 93.50% |
| Share Holding Post Issue | 80.00% |
Ajax Engineering IPO Listing Details
| February 17, 2025 |
| 544356 |
| AJAXENGG |
| INE274Y01021 |
| ₹629 per share |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹629.00 | ₹629.00 |
| Open | ₹593.00 | ₹576.00 |
| Low | ₹565.00 | ₹566.00 |
| High | ₹608.45 | ₹609.00 |
| Last Trade | ₹595.60 | ₹595.40 |
Financial Information
Company FinancialsAjax Engineering Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,348.76 | 1,236.14 | 966.73 | 735.31 |
| Revenue | 794.16 | 1,780.07 | 1,172.57 | 771.85 |
| Profit After Tax | 101.02 | 225.15 | 135.9 | 66.21 |
| Net Worth | 995.84 | 917.96 | 713.8 | 578.27 |
| Reserves and Surplus | 984.4 | 906.52 | 702.36 | 575.41 |
| Total Borrowing | 6.23 | 10.14 | 7.16 |
Key Dates
Ajax Engineering Limited IPO IPO Review & Analysis
Should I Apply for Ajax Engineering Limited IPO?
The Ajax Engineering Limited IPO decision depends on your risk tolerance, investment goals, and analysis of company fundamentals. Consider factors like business model, financial performance, industry prospects, and valuation before applying.
Key Positives
- • Mainboard listing provides credibility
- • Issue size of ₹1,269.35 Cr indicates scale
- • Regulated by SEBI guidelines
Key Considerations
- • Analyze company financials thoroughly
- • Check Grey Market Premium trends
- • Consider market conditions
Ajax Engineering Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Ajax Engineering Limited IPO IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.