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IPO Ajax Engineering Ltd

  • Price Range

    ₹599 - ₹629

  • Min. Quantity

    23

  • Closes on

    12 February 2025

  • Min. investment

    ₹14,467/299 Shares

Ajax Engineering Ltd IPO Timeline

Ajax Engineering Limited was incorporated as Ajax Fiori Engineering (India) Private Limited' on July 3, 1992, at Bengaluru, Karnataka, as a Private Limited Company issued by the Registrar of Companies. Pursuant to Scheme of Arrangement, the Company name got changed from Ajax Fiori Engineering (India) Private Limited' to Ajax Engineering Private Limited' and a fresh Certificate of Incorporation was issued on March 15, 2019 by the RoC. Subsequently, the status of the Company converted to a Public Limited and the name of the Company got changed to Ajax Engineering Limited' dated September 23, 2024 issued by the Registrar of Companies, Central Processing Centre.

EventDate
Ajax Engineering Ltd IPO Opening Date10 February 2025
Ajax Engineering Ltd IPO Closing Date 12 February 2025
Basis of Allotment13 February 2025
Initiation of Refunds14 February 2025
Credit of Shares to Demat14 February 2025
Ajax Engineering Ltd IPO Listing Date17 February 2025

Ajax Engineering Ltd IPO Details

Ajax Engineering Ltd IPO Date10 February 2025 to 12 February 2025
Ajax Engineering Ltd IPO Face Value1 per share
Ajax Engineering Ltd IPO Price599 to ₹629 per share
Ajax Engineering Ltd IPO Lot Size23
Issue SizeShares of ₹1 (aggregating up to ₹1,268.88 Cr)
Fresh IssueShares of ₹1 (aggregating up to ₹0 Cr)
Offer for SaleShares of ₹1 (aggregating up to ₹1,269.35 Cr)
Issue Type(Book Built Portion)
Listing At BSE, NSE
QIB Shares OfferedNot more than 40,20,300 of the Net Offer
Retail Shares OfferedNot less than 70,35,525 of the Net Offer
NII (HNI) Shares OfferedNot less than 30,15,225 of the Net Offer
Company PromotersKrishnaswamy Vijay, Jacob Jiten John, Kalyani Vijay

Ajax Engineering Ltd IPO Lot Size

The Ajax Engineering Ltd IPO lot size is 23 shares. A retail-individual investor can apply for up to 13 lots (299 shares or ₹1,88,071).

Application LotsSharesAmount
Minimum123₹14,467
Maximum13299₹1,88,071
  • Risks
  • Opportunities
  • Market leader in a large and fast-growing SLCM market with an approximately 77%, 75%, 77% and 86% market share in the SLCM market in India in terms of number of SLCMs sold during the six months period ended September 30, 2024 and Financial Years 2024, 2023 and 2022, respectively.
  • Leading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain and over 141 concrete equipment variants as of September 30, 2024.
  • Engineering-focused concrete equipment company with strong in-house design, development and engineering capabilities.
  • Technology-led assembly and manufacturing processes supported by robust supplier network.
  • Dealer-led distribution model with 51 dealerships across 23 states in India as of September 30, 2024.
  • Diversified customer base with longstanding relationships in the concrete equipment market and over 19,000 customers as of September 30, 2024.
  • Experienced management team supported by qualified and experienced personnel.

Company Financials

Ajax Engineering Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-20241,236.141,780.07225.15
03-2023966.731,172.57135.90
03-2022735.31771.8566.21
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Listing the Equity Shares on the Stock Exchanges

Ajax Engineering Ltd IPO Promoter Holding

Pre Issue Share Holding6%
Post Issue Share Holding4.5%

Ajax Engineering Ltd IPO Subscription Status (Bidding Detail)

The Ajax Engineering Ltd IPO is subscribed 6.4413 times on 12 February 2025 05:00:00 PM. The public issue subscribed 1.9201 times in the retail category, 14.4134 times in the QIB category, and 6.4612 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)14.41346.46121.92012.61976.4413

Ajax Engineering Ltd IPO Prospectus

Ajax Engineering Ltd IPO Listing Date

Listing Date17 February 2025
BSE Script 544356
NSE SymbolAJAXENGG
Listing In BSE, NSE
ISININE274Y01021
IPO Price629
Face Value1

Company Contact Information

Ajax Engineering Ltd
253/1, 11th Main Rd, 3rd PhasePeenya Industrial Area,Bengaluru-560058
Phone: +91 82 9633 6111
Email: complianceofficer@ajax-engg.com
Website: www.ajax-engg.com

Ajax Engineering Ltd IPO Registrar

Phone:+91 81 0811 4949
Email: ajaxengineering.ipo@linkintime.co.in
Website: www.linkintime.co.in

Ajax Engineering Ltd IPO Lead Manager(s)

  1. ICICI Securities Ltd
  2. Citigroup Global Markets India Pvt Ltd
  3. JM Financial Ltd
  4. Nuvama Wealth Management Ltd
  5. SBI Capital Markets Ltd

FAQ

What is the issue size of Ajax Engineering Ltd IPO?

Ajax Engineering Ltd IPO, which opens for subscription from to 12 February 2025 has an issue size of ₹1,268.88 crore. The issue type is book building issue.

I have pre-applied for Ajax Engineering Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Ajax Engineering Ltd IPO?

Ajax Engineering Ltd IPO Opens for subscription from 10 February 2025 to 12 February 2025

What is the lot size and minimum order quantity of the Ajax Engineering Ltd IPO?

The lot size of Ajax Engineering Ltd is 23 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14,467 and ₹1,88,071 respectively.

What are the allotment dates for the Ajax Engineering Ltd IPO?

Allotment date for Ajax Engineering Ltd is 13 February 2025 and refund of application amount (in case allotment is not received) will begin from 14 February 2025. If your allotment goes through, then shares will be credited in your Demat account by 14 February 2025.

Who is the registrar of Ajax Engineering Ltd IPO?

The registrar for Ajax Engineering Ltd IPO is MUFG Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

Where is the Ajax Engineering Ltd IPO getting listed?

The shares of Ajax Engineering Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)