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.
| Event | Date |
|---|---|
| Ajax Engineering Ltd IPO Opening Date | 10 February 2025 |
| Ajax Engineering Ltd IPO Closing Date | 12 February 2025 |
| Basis of Allotment | 13 February 2025 |
| Initiation of Refunds | 14 February 2025 |
| Credit of Shares to Demat | 14 February 2025 |
| Ajax Engineering Ltd IPO Listing Date | 17 February 2025 |
Ajax Engineering Ltd IPO Details
| Ajax Engineering Ltd IPO Date | 10 February 2025 to 12 February 2025 |
| Ajax Engineering Ltd IPO Face Value | ₹1 per share |
| Ajax Engineering Ltd IPO Price | ₹599 to ₹629 per share |
| Ajax Engineering Ltd IPO Lot Size | 23 |
| Issue Size | Shares of ₹1 (aggregating up to ₹1,268.88 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹1,269.35 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 40,20,300 of the Net Offer |
| Retail Shares Offered | Not less than 70,35,525 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 30,15,225 of the Net Offer |
| Company Promoters | Krishnaswamy 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 | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 23 | ₹14,467 |
| Maximum | 13 | 299 | ₹1,88,071 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,236.14 | 1,780.07 | 225.15 |
| 03-2023 | 966.73 | 1,172.57 | 135.90 |
| 03-2022 | 735.31 | 771.85 | 66.21 |
| 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 Holding | 6% |
| Post Issue Share Holding | 4.5% |
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)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 14.4134 | 6.4612 | 1.9201 | 2.6197 | 6.4413 |
Ajax Engineering Ltd IPO Prospectus
Ajax Engineering Ltd IPO Listing Date
| Listing Date | 17 February 2025 |
| BSE Script | 544356 |
| NSE Symbol | AJAXENGG |
| Listing In | BSE, NSE |
| ISIN | INE274Y01021 |
| IPO Price | ₹629 |
| Face Value | ₹1 |
Company Contact Information
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
Ajax Engineering Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Citigroup Global Markets India Pvt Ltd
- JM Financial Ltd
- Nuvama Wealth Management Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Ajax Engineering Ltd IPO?
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.